Alyeska Investment Group L.P. Takes $327,000 Position in Hexcel Corporation $HXL

Key Points

• Alyeska Investment Group L.P. has acquired a new stake in Hexcel Corporation by purchasing 5,973 shares valued at approximately $327,000.
• Several institutional investors have increased their holdings in Hexcel, including Mercer Global Advisors, which raised its position by 67.9%. Overall, institutional investors own 95.47% of the company's stock.
• Hexcel recently announced a quarterly dividend of $0.17 per share, representing an annualized dividend yield of 1.0%.

Alyeska Investment Group L.P. purchased a new stake in Hexcel Corporation (NYSE:HXL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,973 shares of the aerospace company's stock, valued at approximately $327,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HXL. Cubist Systematic Strategies LLC acquired a new stake in shares of Hexcel during the 1st quarter worth approximately $7,676,000. Royal Bank of Canada raised its stake in Hexcel by 12.6% during the first quarter. Royal Bank of Canada now owns 119,501 shares of the aerospace company's stock worth $6,544,000 after buying an additional 13,374 shares during the last quarter. Kodai Capital Management LP bought a new position in Hexcel during the first quarter worth $11,511,000. The Manufacturers Life Insurance Company raised its holdings in shares of Hexcel by 12.7% during the first quarter. The Manufacturers Life Insurance Company now owns 762,762 shares of the aerospace company's stock valued at $41,769,000 after purchasing an additional 85,877 shares during the period. Finally, Magnetar Financial LLC acquired a new position in shares of Hexcel during the first quarter valued at about $434,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Stock Down 1.0%

NYSE HXL traded down $0.62 during trading hours on Friday, reaching $61.97. 666,754 shares of the company's stock traded hands, compared to its average volume of 801,659. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $71.05. The firm has a market cap of $4.93 billion, a PE ratio of 57.38, a PEG ratio of 1.99 and a beta of 1.38. The firm has a 50-day simple moving average of $61.55 and a 200 day simple moving average of $56.82. 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 (NYSE:HXL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.04. The company had revenue of $489.90 million during 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%. Hexcel's revenue was down 2.1% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Sell-side analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

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

Insider Buying and Selling

In related news, insider Gina Fitzsimons sold 911 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total transaction of $59,215.00. Following the completion of the transaction, the insider owned 4,283 shares in the company, valued at approximately $278,395. This represents a 17.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $63.86, for a total transaction of $568,162.42. Following the sale, the insider directly owned 51,308 shares in the company, valued at approximately $3,276,528.88. The trade was a 14.78% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.39% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HXL shares. Royal Bank Of Canada reissued an "outperform" rating and set a $70.00 target price (up from $65.00) on shares of Hexcel in a research report on Monday, July 28th. UBS Group upgraded shares of Hexcel from a "neutral" rating to a "buy" rating and boosted their target price for the company from $65.00 to $80.00 in a research note on Tuesday, September 2nd. BMO Capital Markets boosted their target price 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. 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. Finally, Zacks Research upgraded shares of Hexcel from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hexcel presently has a consensus rating of "Hold" and a consensus target price of $65.00.

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.