Dynamic Technology Lab Private Ltd Invests $2.13 Million in Hexcel Corporation $HXL

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $2.13 million in Hexcel Corporation by acquiring 38,979 shares, signaling increased institutional interest in the aerospace sector.
• Hexcel recently reported earnings of $0.50 per share, surpassing analysts' expectations, although revenue has declined compared to the previous year.
• Several brokerages have updated their ratings for Hexcel, with UBS Group upgrading the stock from "neutral" to "buy" and increasing the target price to $80.00.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Hexcel Corporation (NYSE:HXL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,979 shares of the aerospace company's stock, valued at approximately $2,134,000.

Other institutional investors and hedge funds have also modified their holdings of the company. NBC Securities Inc. purchased a new position in shares of Hexcel during the first quarter valued at approximately $61,000. Brooklyn Investment Group lifted its stake in shares of Hexcel by 320.2% during the first quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company's stock valued at $64,000 after buying an additional 887 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Hexcel by 71.2% during the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock valued at $66,000 after buying an additional 499 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Hexcel by 413.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,536 shares of the aerospace company's stock valued at $84,000 after buying an additional 1,237 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Hexcel by 95.3% during the first quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company's stock valued at $126,000 after buying an additional 1,125 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

Insider Buying and Selling

In other news, insider Thierry Merlot sold 8,897 shares of the business's 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 transaction, the insider directly owned 51,308 shares of the company's stock, valued at approximately $3,276,528.88. The trade was a 14.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gina Fitzsimons sold 911 shares of the business's 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 directly owned 4,283 shares in the company, valued at approximately $278,395. The trade was a 17.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.39% of the stock is owned by corporate insiders.

Hexcel Trading Up 1.1%

NYSE HXL opened at $64.84 on Friday. Hexcel Corporation has a one year low of $45.28 and a one year high of $71.05. The company's 50 day moving average price is $60.99 and its 200 day moving average price is $56.78. 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 has a market capitalization of $5.16 billion, a price-to-earnings ratio of 60.04, a PEG ratio of 2.15 and a beta of 1.38.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, beating 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 last year, the firm posted $0.60 earnings per share. Hexcel'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. On average, sell-side analysts predict that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were issued a $0.17 dividend. 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 is currently 62.96%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HXL. Zacks Research raised shares of Hexcel from a "strong sell" rating to a "hold" rating in a research note on Thursday. BMO Capital Markets raised their target price on shares of Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Morgan Stanley boosted 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. Royal Bank Of Canada restated an "outperform" rating and issued a $70.00 target price (up from $65.00) on shares of Hexcel in a report on Monday, July 28th. Finally, UBS Group upgraded shares of Hexcel from a "neutral" rating to a "buy" rating and boosted their target price for the company from $65.00 to $80.00 in a report on Tuesday, September 2nd. Three equities research 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 currently has a consensus rating of "Hold" and a consensus target price of $65.00.

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.

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