Clear Harbor Asset Management LLC Has $6.14 Million Stock Holdings in Hexcel Corporation $HXL

Key Points

• Clear Harbor Asset Management LLC reduced its stake in Hexcel Corporation by 15.7%, holding 108,627 shares worth approximately $6.1 million after selling 20,270 shares in the second quarter.
• Hexcel recently announced a quarterly dividend of $0.17 per share, reflecting an annualized yield of 1.1% with a payout ratio of 62.96%.
• Analysts have varied views on Hexcel's stock, with price targets ranging from $52.00 to $80.00, and a consensus rating of "Hold" with an average price target of $65.00.

Clear Harbor Asset Management LLC reduced its position in Hexcel Corporation (NYSE:HXL - Free Report) by 15.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,627 shares of the aerospace company's stock after selling 20,270 shares during the quarter. Clear Harbor Asset Management LLC owned about 0.14% of Hexcel worth $6,136,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in shares of Hexcel in the 4th quarter worth $146,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Hexcel in the 4th quarter worth $369,000. Quantinno Capital Management LP increased its stake in shares of Hexcel by 67.2% in the 4th quarter. Quantinno Capital Management LP now owns 8,081 shares of the aerospace company's stock worth $507,000 after acquiring an additional 3,248 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Hexcel by 5.0% in the 4th quarter. ProShare Advisors LLC now owns 4,938 shares of the aerospace company's stock worth $310,000 after acquiring an additional 236 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Hexcel by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 239,700 shares of the aerospace company's stock worth $15,029,000 after acquiring an additional 24,057 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Price Performance

Shares of Hexcel stock traded up $0.19 during trading on Monday, reaching $62.05. The company's stock had a trading volume of 794,069 shares, compared to its average volume of 851,944. The business has a 50 day moving average price of $61.98 and a 200-day moving average price of $56.84. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $4.94 billion, a P/E ratio of 57.46, a price-to-earnings-growth ratio of 1.96 and a beta of 1.38. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $71.05.

Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.04. The company had revenue of $489.90 million for the quarter, compared to the consensus estimate of $482.20 million. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.Hexcel's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, sell-side analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current 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 paid a dividend of $0.17 per share. The ex-dividend date was Friday, August 8th. This represents a $0.68 annualized dividend and a yield of 1.1%. Hexcel's dividend payout ratio is currently 62.96%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HXL. UBS Group raised Hexcel from a "neutral" rating to a "buy" rating and raised their target price for the stock from $65.00 to $80.00 in a research note on Tuesday, September 2nd. Royal Bank Of Canada reiterated 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. Morgan Stanley increased their price target on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Zacks Research upgraded Hexcel from a "strong sell" rating to a "hold" rating in a report on Thursday, September 4th. Finally, BMO Capital Markets increased their price target on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hexcel has an average rating of "Hold" and a consensus target price of $65.00.

Insider Activity

In related news, insider Gina Fitzsimons sold 911 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total value of $59,215.00. Following the completion of the transaction, the insider owned 4,283 shares of the company's stock, valued at approximately $278,395. This represents a 17.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thierry Merlot sold 8,897 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $63.86, for a total value of $568,162.42. Following the sale, the insider directly owned 51,308 shares in the company, valued at approximately $3,276,528.88. This represents a 14.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.03% of the company's stock.

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.