Charles Schwab Investment Management Inc. Has $58.45 Million Position in Hexcel Corporation $HXL

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Hexcel Corporation by 1.6% during Q1, selling 17,514 shares, and now holds approximately 1.33% of the company worth $58.4 million.
• Multiple analysts have adjusted price targets for Hexcel, with Royal Bank Of Canada increasing its target to $70.00, while Wells Fargo decreased it to $53.00, resulting in an average price target of $63.33.
• Hexcel recently announced a quarterly dividend of $0.17 per share, leading to an annualized dividend yield of 1.1%, with a payout ratio of 62.96%.

Charles Schwab Investment Management Inc. reduced its position in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,067,346 shares of the aerospace company's stock after selling 17,514 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.33% of Hexcel worth $58,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Parvin Asset Management LLC purchased a new position in shares of Hexcel during the 4th quarter valued at $66,000. NBC Securities Inc. purchased a new position in shares of Hexcel during the 1st quarter valued at $61,000. Farther Finance Advisors LLC grew its holdings 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 in the last quarter. GAMMA Investing LLC grew its holdings 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 in the last quarter. Finally, Quarry LP grew its holdings in shares of Hexcel by 358.6% during the 4th quarter. Quarry LP now owns 2,325 shares of the aerospace company's stock valued at $146,000 after acquiring an additional 1,818 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Stock Performance

HXL stock traded down $0.3950 during mid-day trading on Wednesday, reaching $60.7650. 900,700 shares of the stock traded hands, compared to its average volume of 1,132,446. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $71.05. The business has a 50-day moving average of $58.97 and a two-hundred day moving average of $56.97. The firm has a market capitalization of $4.83 billion, a PE ratio of 56.26, a P/E/G ratio of 2.03 and a beta of 1.36.

Hexcel (NYSE:HXL - Get Free Report) last released 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. 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 analysts' expectations of $482.20 million. During the same period in the prior year, the company earned $0.60 earnings per share. The business's quarterly revenue was down 2.1% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, equities analysts predict that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HXL shares. Wells Fargo & Company lowered their price target on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Royal Bank Of Canada restated an "outperform" rating and set a $70.00 price target (up from $65.00) on shares of Hexcel in a report on Monday, July 28th. Truist Financial lowered their price target on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley boosted their price target on shares of Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. Finally, BMO Capital Markets upped their price objective 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 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $63.33.

Hexcel Company 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.