Northern Trust Corp Has $57.50 Million Position in Hexcel Corporation $HXL

Key Points

• Northern Trust Corp increased its stake in Hexcel Corporation by 1.8%, now owning over 1 million shares worth approximately $57.5 million.
• Hexcel's latest earnings report exceeded expectations, with earnings per share of $0.50 and revenues of $489.9 million, despite a year-over-year revenue decline of 2.1%.
• The company declared a quarterly dividend of $0.17, yielding 1.1%, with a current dividend payout ratio of 62.96%.

Northern Trust Corp boosted its stake in Hexcel Corporation (NYSE:HXL - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,050,031 shares of the aerospace company's stock after buying an additional 19,004 shares during the quarter. Northern Trust Corp owned approximately 1.31% of Hexcel worth $57,500,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its stake in Hexcel by 0.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,013,875 shares of the aerospace company's stock valued at $110,280,000 after buying an additional 17,512 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Hexcel by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company's stock valued at $90,104,000 after buying an additional 24,393 shares in the last quarter. American Century Companies Inc. boosted its stake in Hexcel by 13.0% in the 1st quarter. American Century Companies Inc. now owns 1,354,135 shares of the aerospace company's stock valued at $74,153,000 after buying an additional 155,999 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Hexcel by 6.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,330,380 shares of the aerospace company's stock valued at $83,415,000 after buying an additional 86,435 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in Hexcel by 416.9% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,166,489 shares of the aerospace company's stock valued at $63,877,000 after buying an additional 940,839 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Trading Down 1.2%

NYSE:HXL traded down $0.75 on Monday, reaching $63.21. The company's stock had a trading volume of 936,066 shares, compared to its average volume of 826,270. 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 quick ratio of 1.50 and a current ratio of 2.69. The firm has a market cap of $5.03 billion, a PE ratio of 58.53, a PEG ratio of 2.09 and a beta of 1.38. The business's 50-day moving average price is $60.33 and its two-hundred day moving average price is $56.76.

Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts' expectations of $482.20 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The company's revenue was down 2.1% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Equities research analysts anticipate that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group boosted their price target on Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Royal Bank Of Canada reissued an "outperform" rating and issued a $70.00 price objective (up previously from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Morgan Stanley boosted their price objective on Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Finally, BMO Capital Markets boosted their price objective on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $63.33.

Hexcel Company 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.