Canada Pension Plan Investment Board Decreases Position in Hexcel Corporation $HXL

Key Points

• The Canada Pension Plan Investment Board has reduced its shareholding in Hexcel Corporation by 16.3%, now owning approximately 68,700 shares valued at $3.76 million.
• Hexcel reported earnings per share of $0.50 for the last quarter, exceeding analyst expectations, but showed a 2.1% year-over-year revenue decline.
• The company recently declared a quarterly dividend of $0.17, translating to an annual yield of 1.1% and a payout ratio of 62.96%.

Canada Pension Plan Investment Board decreased its holdings in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 16.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,700 shares of the aerospace company's stock after selling 13,400 shares during the quarter. Canada Pension Plan Investment Board owned 0.09% of Hexcel worth $3,762,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HXL. NBC Securities Inc. bought a new position in shares of Hexcel during the first quarter valued at approximately $61,000. Brooklyn Investment Group grew 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 last quarter. Farther Finance Advisors LLC grew 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 last quarter. Caitong International Asset Management Co. Ltd grew 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 last quarter. Finally, GAMMA Investing LLC grew 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 last quarter. Institutional investors own 95.47% of the company's stock.

Insider Buying and Selling at Hexcel

In other news, 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 completion of the sale, the insider owned 4,283 shares in the company, valued at approximately $278,395. This represents a 17.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of the 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 owned 51,308 shares of the company's stock, 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. 2.03% of the stock is currently owned by company insiders.

Hexcel Stock Down 2.3%

NYSE HXL traded down $1.48 during midday trading on Tuesday, hitting $62.88. 143,984 shares of the company traded hands, compared to its average volume of 1,151,647. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.69 and a quick ratio of 1.50. The company has a market cap of $5.00 billion, a PE ratio of 58.39, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38. The company's 50-day simple moving average is $61.15 and its 200-day simple moving average is $56.74. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $71.05.

Hexcel (NYSE:HXL - Get Free Report) last announced its earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. The business had revenue of $489.90 million for 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%.The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, equities research analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

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

Wall Street Analyst Weigh In

HXL has been the subject of a number of research reports. Morgan Stanley boosted their price target on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. BMO Capital Markets boosted their price target on Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a report on Tuesday, July 29th. Zacks Research upgraded Hexcel from a "strong sell" rating to a "hold" rating in a report on Thursday, September 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $70.00 price target (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. Finally, UBS Group upgraded Hexcel from a "neutral" rating to a "buy" rating and boosted their price target for the company from $65.00 to $80.00 in a report on Tuesday, September 2nd. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Hexcel currently has a consensus rating of "Hold" and a consensus 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.