Oppenheimer Asset Management Inc. Sells 12,039 Shares of Hexcel Corporation $HXL

Oppenheimer Asset Management Inc. trimmed its position in Hexcel Corporation (NYSE:HXL) by 29.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 28,620 shares of the aerospace company’s stock after selling 12,039 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Hexcel were worth $1,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new position in shares of Hexcel in the second quarter worth approximately $26,000. Park Place Capital Corp lifted its stake in shares of Hexcel by 65.1% during the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock valued at $28,000 after buying an additional 196 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Hexcel by 138.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock worth $42,000 after buying an additional 441 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new stake in Hexcel in the 2nd quarter worth $55,000. Finally, Brooklyn Investment Group raised its holdings in Hexcel by 320.2% during the first quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company’s stock valued at $64,000 after acquiring an additional 887 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Buying and Selling

In related news, EVP Patrick Winterlich sold 3,413 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $73.34, for a total transaction of $250,309.42. Following the sale, the executive vice president owned 40,357 shares in the company, valued at approximately $2,959,782.38. This represents a 7.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of Hexcel stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $63.86, for a total transaction of $568,162.42. Following the transaction, the insider directly owned 51,308 shares of the company’s stock, valued at $3,276,528.88. The trade was a 14.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,298 shares of company stock valued at $1,029,349 over the last quarter. Company insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

HXL has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “reduce” rating on shares of Hexcel in a research note on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Hexcel in a report on Wednesday, October 8th. TD Cowen upped their price target on Hexcel from $67.00 to $77.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. UBS Group lifted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $65.00 target price on shares of Hexcel in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $73.33.

Hexcel Price Performance

Hexcel stock opened at $70.86 on Friday. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $74.35. The company has a quick ratio of 1.50, a current ratio of 2.75 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average is $64.24 and its 200 day moving average is $58.87. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 83.36, a PEG ratio of 2.36 and a beta of 1.33.

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). The business had revenue of $456.20 million during the quarter, compared to the consensus estimate of $449.99 million. Hexcel had a return on equity of 9.25% and a net margin of 3.67%.The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. Sell-side analysts forecast that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.17 per share. The ex-dividend date is Monday, November 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Hexcel’s dividend payout ratio is 80.00%.

About Hexcel

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.