Nuveen LLC Invests $13.93 Million in Hexcel Corporation $HXL

Key Points

• Nuveen LLC has acquired a new stake in Hexcel Corporation, purchasing 254,368 shares valued at approximately $13.9 million, representing 0.32% of the company's total shares.
• Hexcel's stock has recently increased by 2.7%, with a current trading price of $62.34 and a market capitalization of $4.96 billion.
• The company has also declared a quarterly dividend of $0.17 per share, with an annualized yield of 1.1% and a dividend payout ratio of 62.96%.

Nuveen LLC acquired a new position in shares of Hexcel Corporation (NYSE:HXL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 254,368 shares of the aerospace company's stock, valued at approximately $13,929,000. Nuveen LLC owned about 0.32% of Hexcel as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HXL. Beverly Hills Private Wealth LLC increased 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 increased 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 increased 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 shares of Hexcel by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 9,497 shares of the aerospace company's stock valued at $520,000 after purchasing an additional 260 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Hexcel by 0.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 40,659 shares of the aerospace company's stock valued at $2,226,000 after purchasing an additional 354 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Hexcel Stock Up 0.2%

NYSE HXL traded up $0.13 on Wednesday, hitting $63.69. 654,820 shares of the stock traded hands, compared to its average volume of 876,770. The stock has a 50-day moving average of $59.79 and a 200 day moving average of $56.92. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $71.05. The company has a market capitalization of $5.07 billion, a P/E ratio of 58.97, a price-to-earnings-growth ratio of 2.11 and a beta of 1.36. 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 posted its earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.The company had revenue of $489.90 million during the quarter, compared to analyst estimates of $482.20 million. During the same period in the prior year, the company earned $0.60 earnings per share. The business's 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 earnings per share 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 given a dividend of $0.17 per share. 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 dividend 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.