AlphaQuest LLC Purchases 4,949 Shares of Hexcel Corporation $HXL

Key Points

• AlphaQuest LLC significantly increased its holdings in Hexcel Corporation by 169%, purchasing an additional 4,949 shares, bringing its total to 7,877 shares valued at approximately $431,000.
• Several other institutional investors also enhanced their positions in Hexcel, resulting in institutional ownership exceeding 95% of the company's stock.
• Hexcel recently reported a quarterly EPS of $0.50, surpassing analysts' expectations, with a revenue of $489.90 million, though down 2.1% year-over-year.

AlphaQuest LLC grew its position in Hexcel Corporation (NYSE:HXL - Free Report) by 169.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,877 shares of the aerospace company's stock after buying an additional 4,949 shares during the quarter. AlphaQuest LLC's holdings in Hexcel were worth $431,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Hexcel in the first quarter worth about $61,000. Brooklyn Investment Group lifted its position in shares of Hexcel by 320.2% in the first quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company's stock worth $64,000 after purchasing an additional 887 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Hexcel in the fourth quarter worth approximately $66,000. Farther Finance Advisors LLC lifted its position in shares of Hexcel by 71.2% in the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock worth $66,000 after purchasing an additional 499 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Hexcel by 413.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,536 shares of the aerospace company's stock worth $84,000 after purchasing an additional 1,237 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HXL. Morgan Stanley increased their price target on shares of Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. BMO Capital Markets increased their price target on shares of Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Royal Bank Of Canada reissued an "outperform" rating and issued a $70.00 price target (up from $65.00) on shares of Hexcel in a research report on Monday, July 28th. Finally, UBS Group increased their price target on shares of Hexcel from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Two equities 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 stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $63.33.

Hexcel Stock Down 1.2%

HXL traded down $0.75 during midday trading on Monday, hitting $63.21. 936,066 shares of the company's stock traded hands, compared to its average volume of 826,270. The company has a market cap of $5.03 billion, a PE ratio of 58.53, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38. The stock's fifty day simple moving average is $60.33 and its 200-day simple moving average is $56.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.69 and a quick ratio of 1.50. Hexcel Corporation has a one year low of $45.28 and a one year high of $71.05.

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

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Hexcel's dividend payout ratio (DPR) is currently 62.96%.

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.