Algert Global LLC Takes Position in Hexcel Corporation $HXL

Key Points

• Algert Global LLC has acquired a new stake in Hexcel Corporation, purchasing 21,210 shares valued at approximately $1,161,000 in the first quarter.
• Hexcel reported earnings of $0.50 per share, exceeding analyst expectations of $0.46, despite a 2.1% decline in quarterly revenue compared to the previous year.
• Several analysts have updated their price targets for Hexcel, with Royal Bank Of Canada raising its target from $65.00 to $70.00 while maintaining an "outperform" rating.

Algert Global LLC acquired a new stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 21,210 shares of the aerospace company's stock, valued at approximately $1,161,000.

Other hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Hexcel by 10.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,205 shares of the aerospace company's stock valued at $285,000 after acquiring an additional 492 shares during the period. Principal Financial Group Inc. grew its position in shares of Hexcel by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 186,680 shares of the aerospace company's stock valued at $10,223,000 after acquiring an additional 937 shares during the period. GAMMA Investing LLC grew its position in shares of Hexcel by 95.3% during 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 during the period. SG Americas Securities LLC bought a new stake in shares of Hexcel during the 1st quarter valued at $281,000. Finally, Farther Finance Advisors LLC grew its position in shares of Hexcel by 71.2% during 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 during the period. Institutional investors own 95.47% of the company's stock.

Hexcel Stock Up 1.7%

Shares of HXL stock opened at $63.4540 on Friday. The stock has a market cap of $5.05 billion, a P/E ratio of 58.75, a PEG ratio of 2.07 and a beta of 1.36. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $71.05. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. The company's fifty day simple moving average is $59.27 and its two-hundred day simple moving average is $56.94.

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

Hexcel Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on HXL shares. Wall Street Zen downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. UBS Group upped their target price on shares of Hexcel from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $70.00 target price (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. Morgan Stanley upped their target price on shares of Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Finally, BMO Capital Markets upped their target price on shares of Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hexcel has a consensus rating of "Hold" and an average 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.

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