Voya Investment Management LLC Grows Stock Holdings in Hexcel Corporation $HXL

Key Points

• Voya Investment Management LLC increased its holdings in Hexcel Corporation by 206.9%, now owning approximately 109,190 shares valued at $5.98 million.
• Analysts have raised their price targets for Hexcel, with BMO Capital Markets setting a new target of $67.00 and UBS Group upgrading its rating to buy with a target of $80.00.
• Hexcel recently declared a quarterly dividend of $0.17 per share, contributing to an annualized yield of 1.1% and a dividend payout ratio of 62.96%.

Voya Investment Management LLC lifted its stake in Hexcel Corporation (NYSE:HXL - Free Report) by 206.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,190 shares of the aerospace company's stock after purchasing an additional 73,615 shares during the quarter. Voya Investment Management LLC owned 0.14% of Hexcel worth $5,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its stake in Hexcel by 138.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company's stock valued at $42,000 after purchasing an additional 441 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Hexcel by 14.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 274,522 shares of the aerospace company's stock valued at $15,033,000 after acquiring an additional 34,822 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Hexcel during the first quarter valued at approximately $306,000. Caxton Associates LLP purchased a new position in Hexcel in the 1st quarter worth approximately $234,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Hexcel in the 1st quarter valued at approximately $2,134,000. Institutional investors own 95.47% of the company's stock.

Hexcel Stock Performance

Shares of NYSE HXL traded up $0.19 during midday trading on Monday, hitting $62.05. 794,069 shares of the company's stock traded hands, compared to its average volume of 851,944. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $71.05. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 57.46, a price-to-earnings-growth ratio of 1.96 and a beta of 1.38. 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 firm has a fifty day moving average of $61.98 and a 200 day moving average of $56.84.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) 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 the consensus estimate of $482.20 million. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The firm's revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. On average, analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. Hexcel's dividend payout ratio (DPR) is currently 62.96%.

Insider Buying and Selling at Hexcel

In other news, insider Thierry Merlot sold 8,897 shares of Hexcel stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $63.86, for a total transaction of $568,162.42. Following the transaction, the insider directly owned 51,308 shares of the company's stock, valued at $3,276,528.88. The trade was a 14.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gina Fitzsimons sold 911 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total transaction of $59,215.00. Following the completion of the sale, the insider directly owned 4,283 shares of the company's stock, valued at $278,395. This represents a 17.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HXL. UBS Group raised Hexcel from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $65.00 to $80.00 in a report on Tuesday, September 2nd. BMO Capital Markets lifted their price objective on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th. Zacks Research raised Hexcel from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 4th. Morgan Stanley upped their target price 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. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $70.00 price target (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $65.00.

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.