Russell Investments Group Ltd. Grows Holdings in Hexcel Corporation $HXL

Key Points

• Russell Investments Group Ltd. has increased its stake in Hexcel Corporation by 32.4%, owning 57,266 shares valued at approximately $3.14 million as of the end of the first quarter.
• Hexcel Corporation announced a quarterly dividend of $0.17 per share, resulting in an annualized yield of 1.1%.
• The company has a consensus rating of "Hold" among analysts, with a price target range indicating potential growth, as reflected by various recent upgrades.

Russell Investments Group Ltd. lifted its position in Hexcel Corporation (NYSE:HXL - Free Report) by 32.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,266 shares of the aerospace company's stock after purchasing an additional 14,002 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Hexcel worth $3,136,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. NBC Securities Inc. purchased a new position in Hexcel during the first quarter worth about $61,000. Parvin Asset Management LLC purchased a new position in Hexcel during the fourth quarter worth about $66,000. Farther Finance Advisors LLC boosted its stake in Hexcel by 71.2% during the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock worth $66,000 after buying an additional 499 shares during the period. GAMMA Investing LLC boosted its stake in Hexcel by 95.3% during the first quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company's stock worth $126,000 after buying an additional 1,125 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Hexcel by 698.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,356 shares of the aerospace company's stock worth $129,000 after buying an additional 2,061 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HXL. Morgan Stanley increased their target price on shares of Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $70.00 target price (up previously from $65.00) on shares of Hexcel in a research note on Monday, July 28th. BMO Capital Markets raised their price objective on shares of Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a research note on Tuesday, July 29th. Finally, UBS Group raised their price objective on shares of Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $63.33.

Hexcel Stock Up 0.3%

Shares of Hexcel stock traded up $0.18 during trading hours on Thursday, hitting $63.79. The company had a trading volume of 413,196 shares, compared to its average volume of 1,165,686. The company's 50-day moving average is $59.79 and its two-hundred day moving average is $56.92. Hexcel Corporation has a twelve month low of $45.28 and a twelve month 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 market cap of $5.07 billion, a P/E ratio of 58.99, a price-to-earnings-growth ratio of 2.11 and a beta of 1.36.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly 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 net margin of 4.69% and a return on equity of 9.76%. The firm had revenue of $489.90 million during the quarter, compared to the consensus estimate of $482.20 million. During the same quarter in the prior year, the firm earned $0.60 EPS. Hexcel's revenue for the quarter was down 2.1% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Analysts anticipate that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were given a $0.17 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.68 annualized dividend and a yield of 1.1%. Hexcel's dividend 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.