Loomis Sayles & Co. L P Sells 71,896 Shares of Hexcel Corporation $HXL

Loomis Sayles & Co. L P lessened its stake in Hexcel Corporation (NYSE:HXL) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 952,529 shares of the aerospace company’s stock after selling 71,896 shares during the period. Loomis Sayles & Co. L P’s holdings in Hexcel were worth $53,808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in HXL. Ceredex Value Advisors LLC lifted its holdings in shares of Hexcel by 8.2% during the 2nd quarter. Ceredex Value Advisors LLC now owns 769,852 shares of the aerospace company’s stock worth $43,489,000 after acquiring an additional 58,500 shares during the last quarter. Norges Bank purchased a new stake in Hexcel during the second quarter valued at about $57,697,000. Northwestern Mutual Wealth Management Co. lifted its stake in Hexcel by 57.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 786 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 288 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Hexcel by 1.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 84,844 shares of the aerospace company’s stock worth $4,793,000 after purchasing an additional 820 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Hexcel by 5,527.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,545 shares of the aerospace company’s stock valued at $200,000 after purchasing an additional 3,482 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Activity at Hexcel

In related news, insider Lyndon John Smith sold 2,077 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $73.02, for a total transaction of $151,662.54. Following the completion of the transaction, the insider owned 8,426 shares in the company, valued at $615,266.52. This represents a 19.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gina Fitzsimons sold 911 shares of Hexcel stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total transaction of $59,215.00. Following the completion of the sale, the insider owned 4,283 shares in the company, valued at approximately $278,395. This trade represents a 17.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,401 shares of company stock worth $461,187 over the last quarter. 1.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Royal Bank Of Canada boosted their target price on Hexcel from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. UBS Group boosted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, October 24th. BMO Capital Markets increased their target price on shares of Hexcel from $67.00 to $77.00 and gave the company a “market perform” rating in a report on Friday, October 24th. Zacks Research upgraded shares of Hexcel from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Finally, Cowen restated a “hold” rating on shares of Hexcel in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.33.

Hexcel Price Performance

HXL stock opened at $76.23 on Friday. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 89.68, a PEG ratio of 2.36 and a beta of 1.35. The firm’s 50-day moving average price is $67.63 and its two-hundred day moving average price is $61.86. The company has a current ratio of 2.75, a quick ratio of 1.50 and a debt-to-equity ratio of 0.48. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $76.35.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Hexcel had a return on equity of 9.25% and a net margin of 3.67%.The firm had revenue of $456.20 million for the quarter, compared to analysts’ expectations of $449.99 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. As a group, equities analysts predict that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. Hexcel’s payout ratio is 80.00%.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.