American Century Companies Inc. Buys 155,999 Shares of Hexcel Corporation $HXL

Key Points

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American Century Companies Inc. lifted its position in Hexcel Corporation (NYSE:HXL - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,354,135 shares of the aerospace company's stock after buying an additional 155,999 shares during the period. American Century Companies Inc. owned about 1.68% of Hexcel worth $74,153,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HXL. NBC Securities Inc. purchased a new stake in shares of Hexcel during the first quarter valued at approximately $61,000. Parvin Asset Management LLC purchased a new position in shares of Hexcel during the fourth quarter valued at approximately $66,000. Farther Finance Advisors LLC raised its holdings 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 purchasing an additional 499 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings 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 purchasing an additional 1,237 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings 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 purchasing an additional 1,125 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen downgraded Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Royal Bank Of Canada reissued an "outperform" rating and issued a $70.00 target price (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. Morgan Stanley increased their target price on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. UBS Group upped their target price on shares of Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, BMO Capital Markets upped their target price on shares of Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $63.33.

Hexcel Price Performance

Shares of NYSE HXL traded up $1.0440 during midday trading on Friday, reaching $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 moving average of $59.27 and a 200-day moving average of $56.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 58.75, a price-to-earnings-growth 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.

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

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid 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 payout ratio is presently 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.