Russell Investments Group Ltd. Has $3.14 Million Stock Holdings in Hexcel Corporation $HXL

Russell Investments Group Ltd. increased its stake in shares of Hexcel Corporation (NYSE:HXL) by 32.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,266 shares of the aerospace company’s stock after buying an additional 14,002 shares during the period. Russell Investments Group Ltd. owned 0.07% of Hexcel worth $3,136,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. NBC Securities Inc. acquired a new position in shares of Hexcel during the first quarter worth approximately $61,000. Parvin Asset Management LLC acquired a new position in Hexcel during the 4th quarter worth $66,000. Farther Finance Advisors LLC lifted its holdings in Hexcel by 71.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock worth $66,000 after buying an additional 499 shares in the last quarter. GAMMA Investing LLC boosted its position in Hexcel by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company’s stock valued at $126,000 after buying an additional 1,125 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Hexcel by 698.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,356 shares of the aerospace company’s stock valued at $129,000 after buying an additional 2,061 shares during the period. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

HXL has been the topic of several research reports. BMO Capital Markets upped their price target on Hexcel from $52.00 to $67.00 and gave the company a “market perform” rating in a research note on Tuesday, July 29th. Wall Street Zen downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Sunday, April 27th. Morgan Stanley lifted their price target on shares of Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a research report on Thursday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $70.00 price target (up from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Finally, UBS Group raised their price objective on shares of Hexcel from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $63.33.

Hexcel Stock Up 1.7%

Hexcel stock opened at $63.4540 on Friday. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 58.75, a PEG ratio of 2.10 and a beta of 1.36. The company’s 50 day simple moving average is $59.27 and its 200 day simple moving average is $56.89. 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 Corporation has a fifty-two week low of $45.28 and a fifty-two week high of $71.05.

Hexcel (NYSE:HXL) last posted its earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.04. The company had revenue of $489.90 million for the quarter, compared to analyst estimates of $482.20 million. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, sell-side analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current 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 issued a dividend of $0.17 per share. The ex-dividend date was Friday, August 8th. This represents a $0.68 annualized dividend and a yield of 1.1%. Hexcel’s payout ratio is currently 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.