Oak Thistle LLC Cuts Stake in Hexcel Corporation $HXL

Oak Thistle LLC decreased its stake in Hexcel Corporation (NYSE:HXL) by 87.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,100 shares of the aerospace company’s stock after selling 48,860 shares during the period. Oak Thistle LLC’s holdings in Hexcel were worth $445,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Trust Co. of Toledo NA OH acquired a new position in Hexcel during the 2nd quarter worth approximately $26,000. NewSquare Capital LLC lifted its position in shares of Hexcel by 379.0% during the second quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 379 shares in the last quarter. Park Place Capital Corp boosted its stake in shares of Hexcel by 65.1% in the second quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 196 shares during the period. Hantz Financial Services Inc. acquired a new stake in Hexcel during the 2nd quarter valued at $28,000. Finally, Parkside Financial Bank & Trust increased its stake in Hexcel by 325.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock worth $28,000 after buying an additional 377 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Stock Up 1.6%

Hexcel stock opened at $74.53 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.50 and a current ratio of 2.75. Hexcel Corporation has a one year low of $45.28 and a one year high of $79.20. The company has a 50-day simple moving average of $71.10 and a 200-day simple moving average of $64.14. The firm has a market capitalization of $5.93 billion, a P/E ratio of 87.68, a P/E/G ratio of 2.55 and a beta of 1.06.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Hexcel had a net margin of 3.67% and a return on equity of 9.25%. The firm had revenue of $456.20 million for the quarter, compared to analyst estimates of $449.99 million. During the same period in the previous year, the firm earned $0.47 earnings per share. The company’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 expect that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders 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 yield of 0.9%. Hexcel’s payout ratio is presently 80.00%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley set a $67.00 price objective on shares of Hexcel and gave the company an “underweight” rating in a research report on Wednesday, October 29th. Zacks Research raised shares of Hexcel from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a research note on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Hexcel in a research report on Friday, October 24th. Finally, BMO Capital Markets raised their target price on shares of Hexcel from $67.00 to $77.00 and gave the stock a “market perform” rating in a report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $73.33.

Insiders Place Their Bets

In related news, EVP Patrick Winterlich sold 3,413 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $73.34, for a total transaction of $250,309.42. Following the transaction, the executive vice president owned 40,357 shares in the company, valued at $2,959,782.38. This trade represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lyndon John Smith sold 2,077 shares of the business’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 value of $151,662.54. Following the sale, the insider directly owned 8,426 shares in the company, valued at approximately $615,266.52. The trade was a 19.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.39% of the company’s stock.

Hexcel Profile

Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.

Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.