Cubist Systematic Strategies LLC Buys Shares of 140,178 Hexcel Corporation $HXL

Key Points

• Cubist Systematic Strategies LLC acquired 140,178 shares of Hexcel Corporation (HXL), valued at approximately $7.68 million, representing about 0.17% of the company's stock at the end of Q1.
• Hexcel's shares experienced an increase in holdings by several large investors, with Jennison Associates LLC increasing its stake by a staggering 10,767.3% during the same quarter.
• The company's recent quarterly earnings showed an EPS of $0.50, exceeding expectations, while revenue decreased 2.1% compared to the previous year.

Cubist Systematic Strategies LLC bought a new position in shares of Hexcel Corporation (NYSE:HXL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 140,178 shares of the aerospace company's stock, valued at approximately $7,676,000. Cubist Systematic Strategies LLC owned approximately 0.17% of Hexcel at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Hexcel by 10.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,205 shares of the aerospace company's stock valued at $285,000 after purchasing an additional 492 shares during the last quarter. Principal Financial Group Inc. lifted its position in Hexcel by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 186,680 shares of the aerospace company's stock worth $10,223,000 after acquiring an additional 937 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Hexcel by 32.4% in the 1st quarter. Russell Investments Group Ltd. now owns 57,266 shares of the aerospace company's stock valued at $3,136,000 after buying an additional 14,002 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Hexcel by 2.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 817,388 shares of the aerospace company's stock valued at $44,760,000 after buying an additional 22,396 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Hexcel by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company's stock worth $126,000 after purchasing an additional 1,125 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

Hexcel Stock Down 0.2%

Shares of NYSE:HXL traded down $0.10 during midday trading on Monday, hitting $64.78. 104,730 shares of the company's stock traded hands, compared to its average volume of 1,153,571. 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 firm's fifty day moving average price is $60.99 and its two-hundred day moving average price is $56.73. The company has a market cap of $5.15 billion, a PE ratio of 59.97, a P/E/G ratio of 2.06 and a beta of 1.38. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $71.05.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.04. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The firm had revenue of $489.90 million for the quarter, compared to analyst estimates of $482.20 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. Hexcel'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, equities research analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors 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 1.0%. The ex-dividend date was Friday, August 8th. Hexcel's dividend payout ratio (DPR) is presently 62.96%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada restated an "outperform" rating and issued a $70.00 price target (up from $65.00) on shares of Hexcel in a research report on Monday, July 28th. UBS Group upgraded Hexcel from a "neutral" rating to a "buy" rating and increased their price objective for the company from $65.00 to $80.00 in a research note on Tuesday, September 2nd. BMO Capital Markets increased their target price on Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a report on Tuesday, July 29th. Morgan Stanley raised their price objective on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Finally, Zacks Research raised Hexcel from a "strong sell" rating to a "hold" rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $65.00.

Insider Buying and Selling

In related news, insider Gina Fitzsimons sold 911 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 trade represents a 17.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of Hexcel 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 of the company's stock, valued at $3,276,528.88. This trade represents a 14.78% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.03% of the company's stock.

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.