Intech Investment Management LLC Has $4.14 Million Holdings in Hexcel Corporation $HXL

Key Points

• Intech Investment Management LLC reduced its stake in Hexcel Corporation by 57.4% during the first quarter, now holding approximately 0.09% of the company valued at $4,139,000.
• Hexcel reported earnings per share (EPS) of $0.50 for its latest quarter, surpassing analyst expectations of $0.46, though revenue declined by 2.1% compared to the previous year.
• The aerospace company recently declared a quarterly dividend of $0.17 per share, reflecting a 1.1% dividend yield, with a payout ratio of approximately 62.96%.

Intech Investment Management LLC reduced its holdings in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 57.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,577 shares of the aerospace company's stock after selling 101,773 shares during the quarter. Intech Investment Management LLC owned 0.09% of Hexcel worth $4,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HXL. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Hexcel by 14.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 274,522 shares of the aerospace company's stock valued at $15,033,000 after acquiring an additional 34,822 shares in the last quarter. United Services Automobile Association acquired a new stake in Hexcel in the first quarter valued at $306,000. Caxton Associates LLP acquired a new stake in Hexcel in the first quarter valued at $234,000. Dynamic Technology Lab Private Ltd acquired a new stake in Hexcel in the first quarter valued at $2,134,000. Finally, Millennium Management LLC raised its holdings in Hexcel by 19.9% in the first quarter. Millennium Management LLC now owns 688,593 shares of the aerospace company's stock valued at $37,707,000 after acquiring an additional 114,212 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Hexcel Price Performance

Shares of Hexcel stock traded down $0.18 during trading on Thursday, reaching $61.89. The company's stock had a trading volume of 291,734 shares, compared to its average volume of 1,140,544. The stock has a 50-day moving average price of $61.80 and a two-hundred day moving average price of $56.81. The company has a current ratio of 2.69, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $4.92 billion, a P/E ratio of 57.28, a price-to-earnings-growth ratio of 1.99 and a beta of 1.38. Hexcel Corporation has a one year low of $45.28 and a one year 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 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 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 revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, sell-side analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were given 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 presently 62.96%.

Insider Activity

In other news, insider Thierry Merlot sold 8,897 shares of the business's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $63.86, for a total transaction of $568,162.42. Following the completion of the transaction, the insider directly owned 51,308 shares in the company, valued at approximately $3,276,528.88. The trade was a 14.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gina Fitzsimons sold 911 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total value of $59,215.00. Following the completion of the transaction, the insider owned 4,283 shares of the company's stock, valued at $278,395. This represents a 17.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by insiders.

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.