Jump Financial LLC Has $2.85 Million Stock Holdings in Hexcel Corporation $HXL

Key Points

• Jump Financial LLC reduced its holdings in Hexcel Corporation by 12.2%, selling 7,264 shares and bringing its ownership to approximately 52,035 shares valued at around $2.84 million.
• Analysts have revised their price targets for Hexcel, with Royal Bank of Canada increasing its target to $70.00, while others have set targets between $55.00 and $67.00, reflecting an overall average rating of "Hold."
• Hexcel recently announced a quarterly dividend of $0.17 per share, resulting in an annualized dividend yield of about 1.1%, with a dividend payout ratio currently at 62.96%.

Jump Financial LLC lessened its stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,035 shares of the aerospace company's stock after selling 7,264 shares during the period. Jump Financial LLC owned 0.06% of Hexcel worth $2,849,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AlphaQuest LLC grew its holdings in Hexcel by 169.0% in the 1st quarter. AlphaQuest LLC now owns 7,877 shares of the aerospace company's stock valued at $431,000 after buying an additional 4,949 shares during the last quarter. Channing Capital Management LLC boosted its stake in Hexcel by 4.0% in 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 buying an additional 44,743 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 purchasing an additional 812,026 shares in the last quarter. Capital Fund Management S.A. acquired a new position in Hexcel in the first quarter worth $6,926,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Hexcel by 2.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 817,388 shares of the aerospace company's stock worth $44,760,000 after purchasing an additional 22,396 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $70.00 target price (up from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Morgan Stanley upped 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. Finally, UBS Group increased their price target on Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Two investment 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. According to data from MarketBeat.com, Hexcel has an average rating of "Hold" and a consensus price target of $63.33.

Hexcel Price Performance

HXL stock traded down $0.75 during midday trading on Friday, reaching $63.21. 936,066 shares of the stock were exchanged, compared to its average volume of 836,265. The stock has a market capitalization of $5.03 billion, a PE ratio of 58.53, a P/E/G ratio of 2.09 and a beta of 1.36. Hexcel Corporation has a 52 week low of $45.28 and a 52 week 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 fifty day moving average price of $60.16 and a 200 day moving average price of $56.83.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share 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 business had revenue of $489.90 million for the quarter, compared to analyst estimates of $482.20 million. During the same quarter in the previous year, the company posted $0.60 EPS. Hexcel's quarterly revenue was down 2.1% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, analysts expect that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 8th. Hexcel's payout ratio is 62.96%.

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.