Intech Investment Management LLC Decreases Stock Position 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 stake in Hexcel Corporation (NYSE:HXL - Free Report) by 57.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,577 shares of the aerospace company's stock after selling 101,773 shares during the period. Intech Investment Management LLC owned approximately 0.09% of Hexcel worth $4,139,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Hexcel by 32.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,314,702 shares of the aerospace company's stock worth $181,514,000 after acquiring an additional 812,026 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Hexcel by 0.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,013,875 shares of the aerospace company's stock worth $110,280,000 after buying an additional 17,512 shares in the last quarter. American Century Companies Inc. raised its position in shares of Hexcel by 13.0% in the first quarter. American Century Companies Inc. now owns 1,354,135 shares of the aerospace company's stock worth $74,153,000 after buying an additional 155,999 shares in the last quarter. Channing Capital Management LLC raised its position in shares of Hexcel by 4.0% in the first quarter. Channing Capital Management LLC now owns 1,173,424 shares of the aerospace company's stock worth $64,257,000 after buying an additional 44,743 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in shares of Hexcel by 416.9% in the first quarter. TimesSquare Capital Management LLC now owns 1,166,489 shares of the aerospace company's stock worth $63,877,000 after buying an additional 940,839 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HXL shares. Morgan Stanley increased their price objective on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. UBS Group upgraded Hexcel from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $65.00 to $80.00 in a research report on Tuesday, September 2nd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $70.00 price objective (up previously from $65.00) on shares of Hexcel in a research report on Monday, July 28th. BMO Capital Markets increased their price objective on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Finally, Zacks Research upgraded Hexcel from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 4th. Three 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. Based on data from MarketBeat, Hexcel currently has an average rating of "Hold" and an average price target of $65.00.

Hexcel Price Performance

NYSE HXL traded up $0.11 during trading hours on Monday, reaching $62.06. 689,941 shares of the stock traded hands, compared to its average volume of 802,755. The stock has a 50 day simple moving average of $61.64 and a two-hundred day simple moving average of $56.73. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $71.05. 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 company has a market cap of $4.94 billion, a price-to-earnings ratio of 57.46, a price-to-earnings-growth ratio of 1.97 and a beta of 1.38.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, beating 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 business had revenue of $489.90 million for the quarter, compared to the consensus estimate of $482.20 million. During the same quarter last year, the business posted $0.60 earnings per share. The company'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. On average, analysts predict that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued a $0.17 dividend. 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%.

Insider Activity

In other news, insider Gina Fitzsimons sold 911 shares of Hexcel stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total value of $59,215.00. Following the transaction, the insider owned 4,283 shares in the company, valued at approximately $278,395. The trade was a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thierry Merlot sold 8,897 shares of Hexcel stock in a transaction dated 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 owned 51,308 shares in the company, valued at approximately $3,276,528.88. This represents a 14.78% decrease in their position. The disclosure for this sale can be found here. 2.03% of the stock is currently owned by insiders.

About Hexcel

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.