Deutsche Bank AG Trims Position in Hexcel Corporation $HXL

Key Points

• Deutsche Bank AG has reduced its holdings in Hexcel Corporation by 91%, selling 53,310 shares and leaving them with only 5,281 shares valued at $289,000.
• Hexcel's recent earnings report showed a 0.50 EPS, surpassing the estimated 0.46, although revenue decreased 2.1% year-over-year.
• Multiple analysts have adjusted their price targets for Hexcel, with UBS raising it to $65.00, while Royal Bank of Canada set theirs at $70.00, reflecting a general consensus "Hold" rating for the stock.

Deutsche Bank AG cut its holdings in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 91.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,281 shares of the aerospace company's stock after selling 53,310 shares during the quarter. Deutsche Bank AG's holdings in Hexcel were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HXL. NBC Securities Inc. purchased a new position in Hexcel during the 1st quarter worth approximately $61,000. Farther Finance Advisors LLC raised its position in Hexcel by 71.2% during the 1st 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 last quarter. GAMMA Investing LLC raised its position in Hexcel by 95.3% during the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company's stock worth $126,000 after buying an additional 1,125 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Hexcel by 698.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,356 shares of the aerospace company's stock worth $129,000 after buying an additional 2,061 shares during the last quarter. Finally, Wealthquest Corp purchased a new position in Hexcel during the 1st quarter worth approximately $131,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hexcel

In other news, insider Gina Fitzsimons sold 911 shares of Hexcel stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total transaction of $59,215.00. Following the transaction, the insider owned 4,283 shares in the company, valued at $278,395. The trade was a 17.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of Hexcel stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $63.86, for a total value of $568,162.42. Following the transaction, the insider owned 51,308 shares in the company, valued at approximately $3,276,528.88. This represents a 14.78% decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is owned by insiders.

Hexcel Price Performance

Hexcel stock traded up $0.27 during trading on Thursday, reaching $64.15. The company had a trading volume of 691,435 shares, compared to its average volume of 791,411. The firm's 50-day simple moving average is $60.83 and its 200 day simple moving average is $56.85. Hexcel Corporation has a 1-year low of $45.28 and a 1-year high of $71.05. The firm has a market capitalization of $5.10 billion, a PE ratio of 59.39, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69.

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 firm had revenue of $489.90 million for the quarter, compared to analysts' expectations of $482.20 million. During the same quarter last year, the company earned $0.60 EPS. The firm's revenue for the quarter 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 research analysts anticipate that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $70.00 price target (up from $65.00) on shares of Hexcel in a research report on Monday, July 28th. UBS Group raised shares of Hexcel from a "neutral" rating to a "buy" rating and lifted their target price for the company from $65.00 to $80.00 in a report on Tuesday. Morgan Stanley lifted their target price 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 lifted their target price on shares of Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hexcel presently has an average rating of "Hold" and a consensus target price of $65.00.

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.