Voya Investment Management LLC Sells 22,095 Shares of Hexcel Corporation $HXL

Voya Investment Management LLC lowered its stake in Hexcel Corporation (NYSE:HXL) by 13.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 137,047 shares of the aerospace company’s stock after selling 22,095 shares during the quarter. Voya Investment Management LLC’s holdings in Hexcel were worth $8,593,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Trust Co. of Toledo NA OH purchased a new position in shares of Hexcel in the second quarter worth $26,000. NewSquare Capital LLC grew its holdings in Hexcel by 379.0% in the 2nd quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 379 shares during the last quarter. Park Place Capital Corp increased its position 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 acquiring an additional 196 shares during the period. Hantz Financial Services Inc. bought a new position in shares of Hexcel during the second quarter valued at about $28,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Hexcel by 325.0% during the second quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 377 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, 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 value of $151,662.54. Following the transaction, the insider directly owned 8,426 shares of the company’s stock, valued at approximately $615,266.52. This represents a 19.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick Winterlich sold 3,413 shares of the stock in a transaction 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.03% of the company’s stock.

Wall Street Analysts Forecast Growth

HXL has been the topic of a number of research analyst reports. TD Cowen boosted their price target on Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a report on Friday, October 24th. Royal Bank Of Canada upped their target price on Hexcel from $70.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Citigroup reiterated a “reduce” rating on shares of Hexcel in a report on Thursday, October 23rd. Truist Financial upped their price objective on shares of Hexcel from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.33.

Hexcel Trading Up 0.6%

Hexcel stock opened at $76.45 on Wednesday. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $79.20. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 89.94, a price-to-earnings-growth ratio of 2.64 and a beta of 1.06. The business’s fifty day simple moving average is $71.65 and its two-hundred day simple moving average is $64.54. 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 (NYSE:HXL) last issued its quarterly earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $456.20 million for the quarter, compared to the consensus estimate of $449.99 million. Hexcel had a net margin of 3.67% and a return on equity of 9.25%. Hexcel’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. 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 fiscal year.

Hexcel Announces Dividend

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

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.