Quantbot Technologies LP Takes Position in Hexcel Corporation $HXL

Key Points

• Quantbot Technologies LP has acquired a new stake in Hexcel Corporation during Q1, purchasing 4,582 shares worth approximately $251,000.
• Hexcel recently reported an earnings per share (EPS) of $0.50, surpassing analyst expectations of $0.46 while experiencing a 2.1% decline in quarterly revenue compared to the previous year.
• The company declared a quarterly dividend of $0.17, translating to an annualized payout of $0.68, with a yield of 1.1% and a dividend payout ratio of 62.96%.

Quantbot Technologies LP purchased a new stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,582 shares of the aerospace company's stock, valued at approximately $251,000.

Several other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in shares of Hexcel by 0.9% during the first 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 during the period. American Century Companies Inc. grew its position in shares of Hexcel by 13.0% in the 1st quarter. American Century Companies Inc. now owns 1,354,135 shares of the aerospace company's stock worth $74,153,000 after buying an additional 155,999 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of 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 worth $83,415,000 after buying an additional 86,435 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of Hexcel by 416.9% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,166,489 shares of the aerospace company's stock worth $63,877,000 after buying an additional 940,839 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Hexcel by 1.8% in the 1st quarter. Northern Trust Corp now owns 1,050,031 shares of the aerospace company's stock worth $57,500,000 after buying an additional 19,004 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on HXL. Royal Bank Of Canada restated an "outperform" rating and set a $70.00 price objective (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. BMO Capital Markets upped their price objective 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. UBS Group upped their price objective on shares of Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Morgan Stanley upped their price objective on shares of Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $63.33.

Hexcel Price Performance

Shares of HXL traded down $0.75 during trading hours on Monday, hitting $63.21. 936,066 shares of the stock were exchanged, compared to its average volume of 826,270. 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 Corporation has a 12-month low of $45.28 and a 12-month high of $71.05. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 58.53, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38. The stock's 50-day moving average price is $60.16 and its two-hundred day moving average price is $56.78.

Hexcel (NYSE:HXL - Get Free Report) last released 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. The company had revenue of $489.90 million for the quarter, compared to analyst estimates of $482.20 million. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Research analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid 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 payout ratio is 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.