Invesco Ltd. Sells 29,080 Shares of Hexcel Corporation $HXL

Key Points

• Invesco Ltd. has reduced its holdings in Hexcel Corporation by 4.0%, now owning approximately 0.87% of the company with a value of $38.38 million.
• Hexcel recently announced a quarterly dividend of $0.17, resulting in an annualized dividend yield of 1.1% for shareholders.
• Recent analyst ratings indicate a generally cautious outlook with an average price target of $63.33, with some firms raising their targets while others lowered them.

Invesco Ltd. trimmed its stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 700,915 shares of the aerospace company's stock after selling 29,080 shares during the quarter. Invesco Ltd. owned 0.87% of Hexcel worth $38,382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Beverly Hills Private Wealth LLC grew its position in Hexcel by 4.0% during the first quarter. Beverly Hills Private Wealth LLC now owns 5,323 shares of the aerospace company's stock worth $291,000 after buying an additional 207 shares in the last quarter. ProShare Advisors LLC grew its position in Hexcel by 5.0% during the fourth quarter. ProShare Advisors LLC now owns 4,938 shares of the aerospace company's stock worth $310,000 after buying an additional 236 shares in the last quarter. Retirement Systems of Alabama grew its position in Hexcel by 0.3% during the first quarter. Retirement Systems of Alabama now owns 98,746 shares of the aerospace company's stock worth $5,407,000 after buying an additional 255 shares in the last quarter. State of Alaska Department of Revenue grew its position in Hexcel by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 9,497 shares of the aerospace company's stock worth $520,000 after buying an additional 260 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in Hexcel by 0.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 40,659 shares of the aerospace company's stock worth $2,226,000 after buying an additional 354 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HXL has been the subject of several recent analyst reports. Royal Bank Of Canada restated an "outperform" rating and set a $70.00 target price (up from $65.00) on shares of Hexcel in a research report on Monday, July 28th. BMO Capital Markets boosted their target price on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Wall Street Zen cut Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Morgan Stanley upped their price objective on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Finally, UBS Group upped their price objective on Hexcel from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $63.33.

Hexcel Trading Up 1.7%

HXL stock traded up $1.0440 during trading on Friday, hitting $63.4540. 609,183 shares of the company traded hands, compared to its average volume of 1,056,040. The firm has a market capitalization of $5.05 billion, a PE ratio of 58.75, a P/E/G ratio of 2.07 and a beta of 1.36. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $71.05. The company 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.

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

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Hexcel's dividend 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.