BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 22,396 Shares of Hexcel Corporation $HXL

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Hexcel Corporation by 2.8%, owning 817,388 shares valued at approximately $44.76 million as of the latest SEC filing.
• Hexcel recently declared a quarterly dividend of $0.17 per share, resulting in an annualized dividend of $0.68 with a yield of 1.1%.
• Analyst ratings for Hexcel are mixed, with a current average rating of "Hold" and an average price target of $63.33.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 817,388 shares of the aerospace company's stock after acquiring an additional 22,396 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 1.02% of Hexcel worth $44,760,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HXL. Raymond James Financial Inc. bought a new stake in shares of Hexcel during the 4th quarter valued at about $7,092,000. Sterling Capital Management LLC lifted its position in Hexcel by 47.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,281 shares of the aerospace company's stock worth $331,000 after buying an additional 1,709 shares during the last quarter. Barclays PLC lifted its position in Hexcel by 219.3% in the 4th quarter. Barclays PLC now owns 223,607 shares of the aerospace company's stock worth $14,019,000 after buying an additional 153,584 shares during the last quarter. PEAK6 LLC bought a new stake in Hexcel in the 4th quarter worth approximately $236,000. Finally, Marshall Wace LLP lifted its position in Hexcel by 112.9% in the 4th quarter. Marshall Wace LLP now owns 271,053 shares of the aerospace company's stock worth $16,995,000 after buying an additional 143,741 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Hexcel Trading Up 1.7%

Shares of HXL traded up $1.0440 during mid-day trading on Friday, hitting $63.4540. 609,183 shares of the company's stock traded hands, compared to its average volume of 1,179,129. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $71.05. The firm has a market capitalization of $5.05 billion, a P/E ratio of 58.75, a PEG ratio of 2.01 and a beta of 1.36. The business's 50-day moving average price is $59.10 and its 200-day moving average price is $56.95.

Hexcel (NYSE:HXL - Get Free Report) last posted 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. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.The firm had revenue of $489.90 million for the quarter, compared to analysts' expectations of $482.20 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The business's revenue was down 2.1% compared to the same quarter last year. 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 fiscal year.

Hexcel Dividend Announcement

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

Analysts Set New Price Targets

HXL has been the subject of a number of recent research reports. Wall Street Zen downgraded Hexcel from a "buy" rating to a "hold" rating in a research report on Sunday, April 27th. UBS Group boosted their target price on Hexcel from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Morgan Stanley boosted their target price on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Wells Fargo & Company decreased their price target on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $70.00 price target (up from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $63.33.

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.