Entropy Technologies LP Invests $325,000 in Hexcel Corporation $HXL

Key Points

• Entropy Technologies LP has taken a new position in Hexcel Corporation, acquiring 5,930 shares valued at approximately $325,000 during the first quarter.
• Institutional investors now own 95.47% of Hexcel's stock, with significant increases in shares held by other firms such as Price T Rowe Associates and Jennison Associates.
• Despite a 1.0% decline in stock price during midday trading, Hexcel reported a quarterly EPS of $0.50, surpassing analysts' expectations of $0.46.

Entropy Technologies LP purchased a new position in Hexcel Corporation (NYSE:HXL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,930 shares of the aerospace company's stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HXL. NBC Securities Inc. bought a new stake in shares of Hexcel in the 1st quarter valued at $61,000. Parvin Asset Management LLC bought a new stake in shares of Hexcel in the 4th quarter valued at $66,000. Farther Finance Advisors LLC increased its stake in shares of Hexcel by 71.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock valued at $66,000 after acquiring an additional 499 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Hexcel by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company's stock valued at $126,000 after acquiring an additional 1,125 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Hexcel by 698.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,356 shares of the aerospace company's stock valued at $129,000 after acquiring an additional 2,061 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Stock Down 0.2%

HXL traded down $0.1130 during mid-day trading on Tuesday, reaching $61.4570. 135,061 shares of the stock were exchanged, compared to its average volume of 1,179,426. The company has a 50 day moving average price of $58.79 and a two-hundred day moving average price of $56.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69. The stock has a market capitalization of $4.89 billion, a PE ratio of 56.87, a price-to-earnings-growth ratio of 2.05 and a beta of 1.36. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $71.05.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.04. The company had revenue of $489.90 million for the quarter, compared to the consensus estimate of $482.20 million. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, research analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 8th. Hexcel's dividend payout ratio is 62.96%.

Analyst Upgrades and Downgrades

HXL has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on shares of Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. Wells Fargo & Company decreased their price target on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Truist Financial decreased their price target on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. BMO Capital Markets boosted their price target on shares of Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $70.00 price target (up previously from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $63.33.

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.