Ieq Capital LLC Lowers Stock Position in Hexcel Corporation $HXL

Key Points

• Ieq Capital LLC significantly reduced its holdings in Hexcel Corporation by 45.2% during the first quarter, leaving them with 18,790 shares worth approximately $1,029,000.
• Hexcel reported a higher-than-expected EPS of $0.50 for the recent quarter, beating analyst estimates of $0.46, although its revenue decreased by 2.1% year-over-year.
• The company recently declared a quarterly dividend of $0.17, amounting to an annualized dividend yield of 1.0%, with a payout ratio of 62.96%.

Ieq Capital LLC lowered its position in Hexcel Corporation (NYSE:HXL - Free Report) by 45.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,790 shares of the aerospace company's stock after selling 15,498 shares during the period. Ieq Capital LLC's holdings in Hexcel were worth $1,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Comerica Bank increased its holdings in Hexcel by 34.4% during the first quarter. Comerica Bank now owns 85,127 shares of the aerospace company's stock worth $4,662,000 after buying an additional 21,811 shares during the last quarter. AlphaQuest LLC boosted its stake in Hexcel by 169.0% in the first quarter. AlphaQuest LLC now owns 7,877 shares of the aerospace company's stock valued at $431,000 after acquiring an additional 4,949 shares during the last quarter. Channing Capital Management LLC grew its position in shares of Hexcel by 4.0% during the 1st quarter. Channing Capital Management LLC now owns 1,173,424 shares of the aerospace company's stock valued at $64,257,000 after acquiring an additional 44,743 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Hexcel by 32.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,314,702 shares of the aerospace company's stock valued at $181,514,000 after acquiring an additional 812,026 shares during the period. Finally, Capital Fund Management S.A. purchased a new stake in shares of Hexcel during the 1st quarter worth approximately $6,926,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Hexcel Price Performance

Hexcel stock opened at $64.79 on Wednesday. Hexcel Corporation has a one year low of $45.28 and a one year high of $71.05. The business has a fifty day moving average price of $60.53 and a 200-day moving average price of $56.82. 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 firm has a market capitalization of $5.15 billion, a P/E ratio of 59.99, a PEG ratio of 2.09 and a beta of 1.38.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $482.20 million. During the same period last year, the company earned $0.60 earnings per share. The business's revenue for the quarter was down 2.1% on a year-over-year basis. 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 EPS for the current year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 8th. Hexcel's dividend payout ratio (DPR) is presently 62.96%.

Insider Activity at Hexcel

In other news, insider Thierry Merlot sold 8,897 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $63.86, for a total value of $568,162.42. Following the completion of the transaction, the insider directly owned 51,308 shares of the company's stock, valued at $3,276,528.88. This trade represents a 14.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Royal Bank Of Canada reissued an "outperform" rating and set a $70.00 price objective (up from $65.00) on shares of Hexcel in a report on Monday, July 28th. Morgan Stanley increased their price objective 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 increased their price objective on Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a report on Tuesday, July 29th. Finally, UBS Group raised Hexcel from a "neutral" rating to a "buy" rating and increased their price objective for the company from $65.00 to $80.00 in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $65.00.

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.

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