Brooklyn Investment Group Buys 887 Shares of Hexcel Corporation $HXL

Brooklyn Investment Group increased its stake in Hexcel Corporation (NYSE:HXL) by 320.2% in the first quarter, HoldingsChannel reports. The fund owned 1,164 shares of the aerospace company’s stock after purchasing an additional 887 shares during the period. Brooklyn Investment Group’s holdings in Hexcel were worth $64,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Hexcel in the 1st quarter valued at about $61,000. Parvin Asset Management LLC bought a new stake in shares of Hexcel in the 4th quarter valued at about $66,000. Farther Finance Advisors LLC boosted its holdings in shares of Hexcel by 71.2% during the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock worth $66,000 after purchasing an additional 499 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Hexcel by 413.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,536 shares of the aerospace company’s stock worth $84,000 after purchasing an additional 1,237 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Hexcel by 95.3% during the first quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 1,125 shares during the period. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HXL shares. BMO Capital Markets increased their target price on shares of Hexcel from $52.00 to $67.00 and gave the stock a “market perform” rating in a report on Tuesday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $70.00 target price (up from $65.00) on shares of Hexcel in a report on Monday, July 28th. Morgan Stanley increased their target price on shares of Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, July 17th. UBS Group increased their target price on shares of Hexcel from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Wall Street Zen lowered shares of Hexcel from a “buy” rating to a “hold” rating in a report on Sunday, April 27th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Hexcel has an average rating of “Hold” and a consensus price target of $63.33.

Hexcel Price Performance

HXL stock opened at $63.4540 on Friday. The firm has a 50 day moving average price of $59.27 and a 200-day moving average price of $56.94. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $71.05. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 58.75, a PEG ratio of 2.07 and a beta of 1.36. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69.

Hexcel (NYSE:HXL) last released its earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) 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 firm had revenue of $489.90 million during the quarter, compared to analyst estimates of $482.20 million. During the same period last year, the business earned $0.60 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. Equities research analysts forecast that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Hexcel’s dividend payout ratio (DPR) is 62.96%.

About Hexcel

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.