Trexquant Investment LP Acquires 39,886 Shares of Hexcel Corporation $HXL

Key Points

• Trexquant Investment LP increased its stake in Hexcel Corporation by 314.3% during the 1st quarter, acquiring a total of 52,577 shares worth approximately $2.88 million.
• Hexcel's stock reported earnings of $0.50 per share for the last quarter, surpassing analyst expectations of $0.46, despite a 2.1% decrease in quarterly revenue compared to the previous year.
• The company recently declared a quarterly dividend of $0.17 per share, with an annualized dividend yield of 1.1% and a payout ratio of 62.96%.

Trexquant Investment LP increased its position in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 314.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,577 shares of the aerospace company's stock after acquiring an additional 39,886 shares during the quarter. Trexquant Investment LP owned about 0.07% of Hexcel worth $2,879,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Eisler Capital Management Ltd. acquired a new position in shares of Hexcel in the 1st quarter valued at approximately $3,643,000. Comerica Bank grew its position in shares of Hexcel by 34.4% in the 1st quarter. Comerica Bank now owns 85,127 shares of the aerospace company's stock valued at $4,662,000 after purchasing an additional 21,811 shares during the period. AlphaQuest LLC grew its position in shares of Hexcel by 169.0% in the 1st quarter. AlphaQuest LLC now owns 7,877 shares of the aerospace company's stock valued at $431,000 after purchasing an additional 4,949 shares during the period. Channing Capital Management LLC grew its position in shares of Hexcel by 4.0% in the 1st quarter. Channing Capital Management LLC now owns 1,173,424 shares of the aerospace company's stock valued at $64,257,000 after purchasing an additional 44,743 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Hexcel by 32.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,314,702 shares of the aerospace company's stock valued at $181,514,000 after purchasing an additional 812,026 shares during the period. Institutional investors own 95.47% of the company's stock.

Insider Buying and Selling

In related news, insider Thierry Merlot sold 8,897 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $63.86, for a total transaction of $568,162.42. Following the sale, the insider owned 51,308 shares of the company's stock, valued at $3,276,528.88. This trade represents a 14.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gina Fitzsimons sold 911 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total value of $59,215.00. Following the sale, the insider owned 4,283 shares in the company, valued at $278,395. This represents a 17.54% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.03% of the company's stock.

Analyst Upgrades and Downgrades

HXL has been the subject of several research analyst reports. BMO Capital Markets boosted their price objective on Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a research report on Tuesday, July 29th. Zacks Research upgraded Hexcel from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 4th. Royal Bank Of Canada reiterated an "outperform" rating and set a $70.00 price objective (up previously from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Morgan Stanley increased their price target on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. Finally, UBS Group upgraded Hexcel from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $65.00 to $80.00 in a research report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $65.00.

Hexcel Price Performance

Shares of HXL traded down $1.47 during trading hours on Tuesday, hitting $62.89. 143,984 shares of the company were exchanged, compared to its average volume of 1,151,647. The firm's fifty day moving average is $61.15 and its 200 day moving average is $56.74. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 58.39, a P/E/G ratio of 2.06 and a beta of 1.38. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. Hexcel Corporation has a fifty-two week low of $45.28 and a fifty-two week high of $71.05.

Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. The firm had revenue of $489.90 million during the quarter, compared to the consensus estimate of $482.20 million. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.The business's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. On average, equities 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 dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.68 annualized dividend and a yield of 1.1%. Hexcel's payout ratio is presently 62.96%.

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.