Arrowstreet Capital Limited Partnership Lowers Position in Hexcel Corporation $HXL

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Hexcel Corporation (NYSE:HXL) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 677,808 shares of the aerospace company’s stock after selling 117,468 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.85% of Hexcel worth $38,289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HXL. Russell Investments Group Ltd. grew its stake in Hexcel by 32.4% in the 1st quarter. Russell Investments Group Ltd. now owns 57,266 shares of the aerospace company’s stock worth $3,136,000 after buying an additional 14,002 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Hexcel by 2.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 817,388 shares of the aerospace company’s stock valued at $44,760,000 after buying an additional 22,396 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Hexcel by 32.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,314,702 shares of the aerospace company’s stock worth $181,514,000 after acquiring an additional 812,026 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in Hexcel by 16.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 36,171 shares of the aerospace company’s stock worth $2,043,000 after acquiring an additional 5,179 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Hexcel by 1.2% in the second quarter. DAVENPORT & Co LLC now owns 541,899 shares of the aerospace company’s stock valued at $30,834,000 after acquiring an additional 6,167 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group lifted their price target on Hexcel from $81.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Morgan Stanley set a $67.00 price objective on Hexcel and gave the company an “underweight” rating in a report on Wednesday, October 29th. BMO Capital Markets boosted their target price on Hexcel from $67.00 to $77.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Cowen reaffirmed a “hold” rating on shares of Hexcel in a research note on Friday, October 24th. Finally, Zacks Research raised shares of Hexcel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $73.33.

Hexcel Price Performance

HXL opened at $76.67 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.75 and a quick ratio of 1.50. The stock’s 50 day simple moving average is $69.04 and its 200 day simple moving average is $62.62. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 90.20, a PEG ratio of 2.67 and a beta of 1.06. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $78.32.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Hexcel had a net margin of 3.67% and a return on equity of 9.25%. The company had revenue of $456.20 million during the quarter, compared to the consensus estimate of $449.99 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. As a group, analysts predict that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.68 annualized dividend and a yield of 0.9%. Hexcel’s dividend payout ratio is presently 80.00%.

Insiders Place Their Bets

In other Hexcel news, EVP Patrick Winterlich sold 3,413 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $73.34, for a total value of $250,309.42. Following the sale, the executive vice president owned 40,357 shares of the company’s stock, valued at $2,959,782.38. This trade represents a 7.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lyndon John Smith sold 2,077 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $73.02, for a total transaction of $151,662.54. Following the completion of the transaction, the insider owned 8,426 shares in the company, valued at $615,266.52. The trade was a 19.78% decrease in their position. The SEC filing for this sale provides additional information. 1.39% of the stock is owned by company insiders.

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.