Wellington Management Group LLP Purchases Shares of 219,836 Hexcel Corporation $HXL

Key Points

• Wellington Management Group LLP acquired a new stake in Hexcel Corporation, purchasing 219,836 shares valued at approximately $12 million, representing an ownership of 0.27% as of their latest filing.
• Hexcel's earnings report showed a profit of $0.50 per share, surpassing expectations, although revenue decreased by 2.1% year-over-year.
• The company recently announced a quarterly dividend of $0.17 per share, with a yield of 1.1% and a payout ratio of 62.96%.

Wellington Management Group LLP bought a new stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 219,836 shares of the aerospace company's stock, valued at approximately $12,038,000. Wellington Management Group LLP owned 0.27% of Hexcel as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HXL. Tower Research Capital LLC TRC boosted its stake in shares of Hexcel by 315.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,363 shares of the aerospace company's stock valued at $462,000 after buying an additional 5,589 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Hexcel by 995.9% during the 4th quarter. Hsbc Holdings PLC now owns 40,867 shares of the aerospace company's stock valued at $2,567,000 after purchasing an additional 37,138 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Hexcel in the 4th quarter valued at $255,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Hexcel in the 4th quarter valued at $891,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Hexcel in the 4th quarter valued at $398,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HXL shares. UBS Group raised shares of Hexcel from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $65.00 to $80.00 in a research note on Tuesday. 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 reaffirmed an "outperform" rating and issued a $70.00 price objective (up previously from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Finally, BMO Capital Markets lifted 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. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Hexcel presently has an average rating of "Hold" and a consensus price target of $65.00.

Hexcel Price Performance

Shares of HXL stock traded up $1.64 during trading hours on Tuesday, reaching $64.79. 1,212,441 shares of the company were exchanged, compared to its average volume of 766,980. Hexcel Corporation has a fifty-two week low of $45.28 and a fifty-two week high of $71.05. The stock's fifty day moving average is $60.53 and its two-hundred day moving average is $56.82. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 59.99, a P/E/G ratio of 2.09 and a beta of 1.38. 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 announced its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share 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 business had revenue of $489.90 million for the quarter, compared to analyst estimates of $482.20 million. During the same period in the prior year, the business posted $0.60 earnings per share. Hexcel's revenue was down 2.1% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Sell-side analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 8th. Hexcel's dividend payout ratio is presently 62.96%.

Insider Activity

In other news, insider Thierry Merlot sold 8,897 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $63.86, for a total transaction of $568,162.42. Following the completion of the sale, the insider owned 51,308 shares of the company's stock, valued at $3,276,528.88. This represents a 14.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.03% of the stock is owned by corporate insiders.

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.