Kodai Capital Management LP Takes $11.51 Million Position in Hexcel Corporation $HXL

Key Points

• Kodai Capital Management LP purchased 210,206 shares of Hexcel Corporation, worth approximately $11.5 million, representing about 0.26% of the company's total shares.
• Other institutional investors, including TimesSquare Capital and Price T Rowe Associates, significantly increased their stakes in Hexcel during the first quarter, reflecting growing interest in the aerospace company.
• Hexcel reported earnings of $0.50 per share for the last quarter, exceeding analysts' expectations, although its revenue declined by 2.1% year-over-year.

Kodai Capital Management LP bought a new stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 210,206 shares of the aerospace company's stock, valued at approximately $11,511,000. Kodai Capital Management LP owned 0.26% of Hexcel at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. bought a new stake in Hexcel during the 1st quarter valued at $61,000. Brooklyn Investment Group raised its holdings in Hexcel by 320.2% during the 1st quarter. Brooklyn Investment Group now owns 1,164 shares of the aerospace company's stock valued at $64,000 after acquiring an additional 887 shares during the period. Parvin Asset Management LLC bought a new stake in Hexcel during the 4th quarter valued at $66,000. Farther Finance Advisors LLC raised its holdings in Hexcel by 71.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock valued at $66,000 after acquiring an additional 499 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Hexcel by 413.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,536 shares of the aerospace company's stock valued at $84,000 after acquiring an additional 1,237 shares during the period. Institutional investors own 95.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets boosted their target price on shares of Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a report on Tuesday, July 29th. Morgan Stanley boosted their price target on shares of Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Royal Bank Of Canada restated an "outperform" rating and set a $70.00 price target (up from $65.00) on shares of Hexcel in a research report on Monday, July 28th. Finally, UBS Group upgraded shares of Hexcel from a "neutral" rating to a "buy" rating and boosted their price target for the company from $65.00 to $80.00 in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $65.00.

Hexcel Trading Down 0.8%

Shares of NYSE:HXL traded down $0.51 on Wednesday, reaching $64.23. 286,392 shares of the company traded hands, compared to its average volume of 1,161,179. The business's 50-day simple moving average is $60.53 and its 200 day simple moving average is $56.82. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $71.05. The stock has a market capitalization of $5.11 billion, a P/E ratio of 59.52, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38. The company has a current ratio of 2.69, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) 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 firm had revenue of $489.90 million for the quarter, compared to analysts' expectations of $482.20 million. During the same period last year, the firm earned $0.60 earnings per share. The company's revenue for the quarter 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, equities analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid 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 of this dividend was Friday, August 8th. Hexcel's dividend payout ratio is 62.96%.

Insider Activity at Hexcel

In other news, insider Thierry Merlot sold 8,897 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were 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 of the company's stock, valued at approximately $3,276,528.88. This represents a 14.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.03% of the company's stock.

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.