Carmignac Gestion Sells 7,000 Shares of Hexcel Corporation $HXL

Key Points

• Carmignac Gestion reduced its stake in Hexcel Corporation by 47.3%, holding 7,804 shares worth $427,000 after selling 7,000 shares in the first quarter.
• Several analysts adjusted their ratings and price targets for Hexcel, with BMO Capital Markets raising the target from $52 to $67 while maintaining a "market perform" rating.
• Hexcel recently announced a quarterly dividend of $0.17 per share, with a payout ratio of 62.96%, reflecting a dividend yield of 1.1%.

Carmignac Gestion trimmed its holdings in Hexcel Corporation (NYSE:HXL - Free Report) by 47.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,804 shares of the aerospace company's stock after selling 7,000 shares during the period. Carmignac Gestion's holdings in Hexcel were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Hexcel in the 1st quarter valued at $61,000. Brooklyn Investment Group lifted its holdings in Hexcel by 320.2% in the 1st quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company's stock valued at $64,000 after purchasing an additional 887 shares in the last quarter. Parvin Asset Management LLC purchased a new position in shares of Hexcel during the 4th quarter worth about $66,000. Farther Finance Advisors LLC increased 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 purchasing an additional 499 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in Hexcel by 413.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,536 shares of the aerospace company's stock worth $84,000 after purchasing an additional 1,237 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HXL shares. Morgan Stanley raised their price objective on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. UBS Group lifted their price target on Hexcel from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Royal Bank Of Canada reiterated an "outperform" rating and set a $70.00 price target (up from $65.00) on shares of Hexcel in a report on Monday, July 28th. BMO Capital Markets lifted 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. Finally, Wall Street Zen lowered Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $63.33.

Hexcel Trading Up 1.7%

Hexcel stock traded up $1.0440 during mid-day trading on Friday, hitting $63.4540. The stock had a trading volume of 609,183 shares, compared to its average volume of 1,056,040. The stock has a 50-day simple moving average of $59.27 and a two-hundred day simple moving average of $56.94. The stock has a market capitalization of $5.05 billion, a PE ratio of 58.75, a P/E/G ratio of 2.07 and a beta of 1.36. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $71.05. The company has a current ratio of 2.69, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53.

Hexcel (NYSE:HXL - Get Free Report) last released its earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.04. The firm had revenue of $489.90 million for the quarter, compared to analyst estimates of $482.20 million. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.The company's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, sell-side analysts forecast that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid 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%.

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.