Eisler Capital Management Ltd. Makes New Investment in Hexcel Corporation $HXL

Key Points

• Eisler Capital Management Ltd. has invested approximately $3.64 million in Hexcel Corporation, acquiring 66,558 shares, bringing its ownership to 0.08% of the company.
• Hexcel's latest quarterly earnings showed a 2.1% year-over-year revenue decline, with an EPS of $0.50, surpassing analysts' expectations of $0.46.
• The company also declared a quarterly dividend of $0.17 per share, resulting in an annualized dividend yield of 1.1% and a payout ratio of 62.96%.

Eisler Capital Management Ltd. bought a new position in shares of Hexcel Corporation (NYSE:HXL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 66,558 shares of the aerospace company's stock, valued at approximately $3,643,000. Eisler Capital Management Ltd. owned approximately 0.08% of Hexcel as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

HXL has been the subject of several research analyst reports. Morgan Stanley lifted 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 upped their target price on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th. UBS Group upgraded Hexcel from a "neutral" rating to a "buy" rating and upped their target price for the stock from $65.00 to $80.00 in a report on Tuesday. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $70.00 target price (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $65.00.

Hexcel Price Performance

NYSE:HXL traded up $1.34 during trading hours on Tuesday, reaching $64.49. 325,164 shares of the company were exchanged, compared to its average volume of 1,160,967. The business has a 50 day moving average of $60.33 and a 200 day moving average of $56.76. 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 Corporation has a 1-year low of $45.28 and a 1-year high of $71.05. The company has a market capitalization of $5.13 billion, a P/E ratio of 59.82, a P/E/G ratio of 2.09 and a beta of 1.38.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly 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. The company had revenue of $489.90 million during the quarter, compared to analysts' expectations of $482.20 million. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.Hexcel's revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Research analysts forecast that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

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

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.