Channing Capital Management LLC Acquires 44,743 Shares of Hexcel Corporation $HXL

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 lifted its position in Hexcel Corporation (NYSE:HXL - Free Report) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,173,424 shares of the aerospace company's stock after buying an additional 44,743 shares during the period. Hexcel comprises 1.9% of Channing Capital Management LLC's holdings, making the stock its 25th largest position. Channing Capital Management LLC owned 1.46% of Hexcel worth $64,257,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Parvin Asset Management LLC acquired a new position in Hexcel in the 4th quarter worth $66,000. NBC Securities Inc. acquired a new position in Hexcel in the 1st quarter worth $61,000. Brooklyn Investment Group boosted its stake in Hexcel by 320.2% in the 1st quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company's stock worth $64,000 after purchasing an additional 887 shares during the period. Farther Finance Advisors LLC boosted its stake in Hexcel by 71.2% in the 1st 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 during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Hexcel by 413.7% in the 1st 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 during the period. Institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HXL shares. 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 research note on Monday, July 28th. 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 research note on Tuesday, July 29th. 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 research note on Thursday, July 17th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $70.00 target price (up from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hexcel presently has an average rating of "Hold" and an average target price of $63.33.

Hexcel Stock Up 2.0%

Shares of Hexcel stock traded up $1.27 during trading hours on Tuesday, reaching $63.64. 306,625 shares of the company's stock were exchanged, compared to its average volume of 1,170,382. The company has a 50 day moving average of $59.43 and a two-hundred day moving average of $56.82. Hexcel Corporation has a fifty-two week low of $45.28 and a fifty-two week high of $71.05. The company has a current ratio of 2.69, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53. The stock has a market cap of $5.06 billion, a P/E ratio of 58.91, a P/E/G ratio of 2.10 and a beta of 1.36.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.04. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The company had revenue of $489.90 million during the quarter, compared to the consensus estimate of $482.20 million. During the same period in the prior year, the business posted $0.60 EPS. The company's quarterly revenue was down 2.1% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. On average, sell-side analysts forecast 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 paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 8th. Hexcel's dividend payout ratio (DPR) is 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.