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 purchased a new position in shares of Hexcel Corporation (NYSE:HXL - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 38,979 shares of the aerospace company's stock, valued at approximately $2,134,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC boosted its stake in shares of Hexcel by 4.0% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,323 shares of the aerospace company's stock worth $291,000 after buying an additional 207 shares during the last quarter. ProShare Advisors LLC grew its position in Hexcel by 5.0% in the fourth quarter. ProShare Advisors LLC now owns 4,938 shares of the aerospace company's stock worth $310,000 after acquiring an additional 236 shares in the last quarter. Retirement Systems of Alabama boosted its position in Hexcel by 0.3% during the first quarter. Retirement Systems of Alabama now owns 98,746 shares of the aerospace company's stock valued at $5,407,000 after buying an additional 255 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Hexcel by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 9,497 shares of the aerospace company's stock worth $520,000 after purchasing an additional 260 shares during the period. Finally, Aviso Financial Inc. boosted its holdings in shares of Hexcel by 1.9% during the first quarter. Aviso Financial Inc. now owns 13,830 shares of the aerospace company's stock worth $757,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Stock Down 0.2%

Shares of HXL traded down $0.10 during midday trading on Friday, reaching $62.49. The stock had a trading volume of 271,705 shares, compared to its average volume of 1,150,337. Hexcel Corporation has a 1-year low of $45.28 and a 1-year high of $71.05. The company's fifty day simple moving average is $61.45 and its two-hundred day simple moving average is $56.82. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 57.89, a PEG ratio of 1.96 and a beta of 1.38. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.69 and a quick ratio of 1.50.

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, 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 the consensus estimate of $482.20 million. During the same period last year, the firm posted $0.60 EPS. The company's revenue was down 2.1% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Equities research analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The company 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. The ex-dividend date was Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Hexcel's payout ratio is 62.96%.

Insider Buying and Selling

In related news, insider Thierry Merlot sold 8,897 shares of the company's stock in a transaction 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 of the company's stock, valued at $3,276,528.88. This represents a 14.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gina Fitzsimons sold 911 shares of the 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 sale, the insider directly owned 4,283 shares in the company, valued at $278,395. This trade represents 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 currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on HXL. Morgan Stanley upped their price objective on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. BMO Capital Markets boosted their price target on shares of Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 29th. Zacks Research upgraded shares of Hexcel from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $70.00 target price (up from $65.00) on shares of Hexcel in a research report on Monday, July 28th. Finally, UBS Group raised shares of Hexcel from a "neutral" rating to a "buy" rating and lifted their price objective 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $65.00.

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.