Universal Beteiligungs und Servicegesellschaft mbH Makes New $2.84 Million Investment in Hexcel Corporation (NYSE:HXL)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $2.84 million in Hexcel Corporation, acquiring 51,900 shares during the first quarter.
• Hexcel recently reported $0.50 EPS for the quarter, exceeding analysts' expectations, despite a 2.1% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.17 per share, with an annual yield of 1.11%, set to be paid on August 15th.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 51,900 shares of the aerospace company's stock, valued at approximately $2,842,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Hexcel at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Huntington National Bank grew its holdings in shares of Hexcel by 21.4% in the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after purchasing an additional 204 shares during the last quarter. Beverly Hills Private Wealth LLC raised its position in shares of Hexcel by 4.0% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,323 shares of the aerospace company's stock valued at $291,000 after acquiring an additional 207 shares during the period. Insigneo Advisory Services LLC raised its position in shares of Hexcel by 4.5% in the 4th quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock valued at $318,000 after acquiring an additional 218 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Hexcel by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company's stock valued at $2,243,000 after acquiring an additional 220 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of Hexcel by 5.0% in the 4th quarter. ProShare Advisors LLC now owns 4,938 shares of the aerospace company's stock valued at $310,000 after acquiring an additional 236 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Royal Bank Of Canada restated an "outperform" rating and set a $70.00 target price (up from $65.00) on shares of Hexcel in a report on Monday, July 28th. Truist Financial lowered their price objective on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a report on Sunday, April 27th. Morgan Stanley boosted their target price on shares of Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Finally, UBS Group increased their price objective on shares of Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $63.33.

Hexcel Price Performance

Shares of HXL traded down $0.36 during midday trading on Friday, hitting $59.55. 1,135,951 shares of the company traded hands, compared to its average volume of 1,226,232. The stock has a 50-day moving average of $57.20 and a 200-day moving average of $57.48. Hexcel Corporation has a one year low of $45.28 and a one year high of $71.05. The firm has a market cap of $4.74 billion, a P/E ratio of 55.14, a PEG ratio of 1.98 and a beta of 1.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.69 and a quick ratio of 1.50.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $0.60 earnings per share. Hexcel's revenue was down 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 8th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.68 annualized dividend and a yield of 1.1%. Hexcel's dividend payout ratio is currently 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.