Hexcel Corporation $HXL Shares Bought by Channing Capital Management LLC

Key Points

• Channing Capital Management LLC increased its stake in Hexcel Corporation by 4%, owning approximately 1.9% of its portfolio, which is worth around $64 million as of the latest SEC filing.
• Hexcel reported a quarterly earnings of $0.50 EPS, surpassing analysts' expectations of $0.46, and it anticipates a FY 2025 EPS guidance of 1.850-2.050.
• The company's stock has a consensus rating of "Hold" with an average price target of $63.33 as several analysts have adjusted their price targets upwards following recent assessments.

Channing Capital Management LLC boosted its stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,173,424 shares of the aerospace company's stock after buying an additional 44,743 shares during the period. Hexcel accounts for about 1.9% of Channing Capital Management LLC's investment portfolio, making the stock its 25th biggest holding. Channing Capital Management LLC owned approximately 1.46% of Hexcel worth $64,257,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Parvin Asset Management LLC purchased a new stake in Hexcel during the fourth quarter worth $66,000. NBC Securities Inc. purchased a new stake in Hexcel during the first quarter worth $61,000. Brooklyn Investment Group lifted its holdings in Hexcel by 320.2% during the first quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company's stock worth $64,000 after buying an additional 887 shares during the period. Farther Finance Advisors LLC lifted its holdings in Hexcel by 71.2% during the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock worth $66,000 after buying an additional 499 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Hexcel by 413.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,536 shares of the aerospace company's stock worth $84,000 after buying an additional 1,237 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

Hexcel Stock Performance

Shares of NYSE HXL traded up $1.0440 during mid-day trading on Friday, hitting $63.4540. The stock had a trading volume of 609,183 shares, compared to its average volume of 1,056,040. 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 company has a 50 day moving average of $59.27 and a two-hundred day moving average of $56.89. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $71.05. The firm has a market cap of $5.05 billion, a PE ratio of 58.75, a PEG ratio of 2.10 and a beta of 1.36.

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

Hexcel Announces Dividend

The company also recently announced 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 of this dividend was Friday, August 8th. Hexcel's dividend payout ratio is presently 62.96%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HXL shares. UBS Group increased their price objective on Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Morgan Stanley upped their target price on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Wall Street Zen cut Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th. BMO Capital Markets boosted their price target on Hexcel from $52.00 to $67.00 and gave the stock 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 objective (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. Two investment 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's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $63.33.

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.