Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 51,900 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 position in Hexcel Corporation (NYSE:HXL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Huntington National Bank raised its holdings in Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after buying an additional 204 shares during the period. Beverly Hills Private Wealth LLC raised its holdings in Hexcel by 4.0% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,323 shares of the aerospace company's stock valued at $291,000 after buying an additional 207 shares during the period. Insigneo Advisory Services LLC raised its holdings in Hexcel by 4.5% in the fourth quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock valued at $318,000 after buying an additional 218 shares during the period. Treasurer of the State of North Carolina raised its holdings in Hexcel by 0.6% in the fourth 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 buying an additional 220 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Hexcel by 5.0% in the fourth quarter. ProShare Advisors LLC now owns 4,938 shares of the aerospace company's stock valued at $310,000 after buying an additional 236 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Stock Down 0.6%

Shares of HXL stock traded down $0.36 during mid-day trading on Friday, reaching $59.55. 1,135,951 shares of the company were exchanged, compared to its average volume of 1,213,177. Hexcel Corporation has a fifty-two week low of $45.28 and a fifty-two week high of $71.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69. The company has a market capitalization of $4.74 billion, a P/E ratio of 55.14, a P/E/G ratio of 2.01 and a beta of 1.28. The business's 50 day simple moving average is $57.03 and its 200 day simple moving average is $57.53.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings results 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. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The business had revenue of $489.90 million during the quarter, compared to the consensus estimate of $482.20 million. During the same quarter last year, the company earned $0.60 earnings per share. The business's quarterly revenue was down 2.1% compared to the same quarter last year. Research analysts predict that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 8th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Hexcel's dividend payout ratio (DPR) is presently 62.96%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Truist Financial cut their price target 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. Morgan Stanley lifted their price objective on shares of Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. 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. Wells Fargo & Company dropped their price objective on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, Wall Street Zen lowered shares of Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $63.33.

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.