Epoch Investment Partners Inc. Buys Shares of 7,309 Hexcel Corporation $HXL

Epoch Investment Partners Inc. bought a new stake in Hexcel Corporation (NYSE:HXL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,309 shares of the aerospace company’s stock, valued at approximately $413,000.

Several other institutional investors have also made changes to their positions in HXL. Price T Rowe Associates Inc. MD increased its stake in Hexcel by 32.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,314,702 shares of the aerospace company’s stock valued at $181,514,000 after buying an additional 812,026 shares during the period. American Century Companies Inc. grew its holdings in shares of Hexcel by 103.8% during the 2nd quarter. American Century Companies Inc. now owns 2,759,673 shares of the aerospace company’s stock valued at $155,894,000 after acquiring an additional 1,405,538 shares in the last quarter. Brandes Investment Partners LP increased its stake in shares of Hexcel by 49.1% in the second quarter. Brandes Investment Partners LP now owns 2,440,242 shares of the aerospace company’s stock worth $137,850,000 after acquiring an additional 803,123 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Hexcel by 7.6% during the second quarter. Schroder Investment Management Group now owns 1,932,668 shares of the aerospace company’s stock worth $109,176,000 after acquiring an additional 137,313 shares in the last quarter. Finally, Channing Capital Management LLC boosted its position in Hexcel by 7.8% during the second quarter. Channing Capital Management LLC now owns 1,265,448 shares of the aerospace company’s stock valued at $71,485,000 after purchasing an additional 92,024 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hexcel news, insider Lyndon John Smith sold 2,077 shares of Hexcel 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 transaction, the insider directly owned 8,426 shares of the company’s stock, valued at $615,266.52. The trade was a 19.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Patrick Winterlich sold 3,413 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $73.34, for a total value of $250,309.42. Following the completion of the sale, the executive vice president directly owned 40,357 shares of the company’s stock, valued at $2,959,782.38. This represents a 7.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.39% of the company’s stock.

Hexcel Stock Performance

NYSE:HXL opened at $76.67 on Friday. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $78.32. The firm’s fifty day simple moving average is $69.04 and its 200 day simple moving average is $62.68. The company has a current ratio of 2.75, a quick ratio of 1.50 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $6.10 billion, a PE ratio of 90.20, a PEG ratio of 2.63 and a beta of 1.06.

Hexcel (NYSE:HXL) last released 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 analyst estimates of $449.99 million. During the same period in the prior year, the firm earned $0.47 EPS. The firm’s revenue was down .2% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. On average, sell-side analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. BMO Capital Markets upped their target price on Hexcel from $67.00 to $77.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Royal Bank Of Canada increased their price objective on Hexcel from $70.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Cowen reissued a “hold” rating on shares of Hexcel in a research report on Friday, October 24th. Morgan Stanley set a $67.00 price target on shares of Hexcel and gave the company an “underweight” rating in a report on Wednesday, October 29th. Finally, Citigroup reiterated a “reduce” rating on shares of Hexcel in a report on Thursday, October 23rd. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.33.

Hexcel 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.