Massachusetts Financial Services Co. MA Sells 148,313 Shares of Hexcel Corporation $HXL

by · The Cerbat Gem

Massachusetts Financial Services Co. MA lessened its stake in shares of Hexcel Corporation (NYSE:HXL – Free Report) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,860,604 shares of the aerospace company’s stock after selling 148,313 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.34% of Hexcel worth $116,660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alliancebernstein L.P. raised its stake in shares of Hexcel by 1,918.9% in the second quarter. Alliancebernstein L.P. now owns 2,178,259 shares of the aerospace company’s stock valued at $123,050,000 after acquiring an additional 2,070,366 shares during the period. American Century Companies Inc. grew its holdings in 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 purchasing an additional 1,405,538 shares during the last quarter. Norges Bank purchased a new stake in Hexcel in the 2nd quarter worth about $57,697,000. Vaughan Nelson Investment Management L.P. bought a new stake in Hexcel in the second quarter worth about $48,694,000. Finally, Brandes Investment Partners LP boosted its position in shares of Hexcel by 49.1% during the second quarter. Brandes Investment Partners LP now owns 2,440,242 shares of the aerospace company’s stock valued at $137,850,000 after buying an additional 803,123 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Hexcel news, insider Lyndon John Smith sold 2,077 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $73.02, for a total transaction of $151,662.54. Following the transaction, the insider owned 8,426 shares of the company’s stock, valued at approximately $615,266.52. This trade represents a 19.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Patrick Winterlich sold 3,413 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 40,357 shares of the company’s stock, valued at $2,959,782.38. The trade was a 7.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HXL. 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 research note on Friday, October 24th. UBS Group upped their price objective on Hexcel from $87.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. TD Cowen increased their target price on Hexcel from $67.00 to $77.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. BMO Capital Markets boosted their target price on shares of Hexcel from $67.00 to $77.00 and gave the company a “market perform” rating in a research note on Friday, October 24th. Finally, Truist Financial raised their price target on shares of Hexcel from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Hexcel currently has an average rating of “Hold” and an average target price of $74.40.

View Our Latest Stock Analysis on HXL

Hexcel Price Performance

Shares of HXL stock opened at $81.25 on Wednesday. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $84.64. 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 stock has a fifty day simple moving average of $75.82 and a two-hundred day simple moving average of $67.77. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 95.58, a P/E/G ratio of 2.16 and a beta of 1.08.

Hexcel (NYSE:HXL – Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $449.99 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Profile

(Free Report)

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.

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