Corient Private Wealth LP purchased a new position in shares of Hexcel Corporation (NYSE:HXL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,578 shares of the aerospace company's stock, valued at approximately $3,260,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Hexcel in the 2nd quarter valued at $1,422,742,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Hexcel by 18.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,104,121 shares of the aerospace company's stock worth $377,196,000 after purchasing an additional 790,320 shares during the last quarter. State Street Corp boosted its holdings in shares of Hexcel by 4.3% during the second quarter. State Street Corp now owns 4,690,924 shares of the aerospace company's stock worth $264,990,000 after purchasing an additional 191,649 shares during the last quarter. Brandes Investment Partners LP grew its position in shares of Hexcel by 0.3% in the fourth quarter. Brandes Investment Partners LP now owns 2,506,068 shares of the aerospace company's stock valued at $185,199,000 after purchasing an additional 7,371 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Hexcel by 5.9% in the second quarter. Bank of America Corp DE now owns 2,283,626 shares of the aerospace company's stock valued at $129,002,000 after purchasing an additional 126,338 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on HXL shares. Morgan Stanley increased their price target on shares of Hexcel from $97.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $100.00 price objective on shares of Hexcel in a research note on Tuesday, August 4th. Bank of America lowered Hexcel from a "peer perform" rating to a "market perform" rating and set a $110.00 target price on the stock. in a research report on Monday, August 3rd. Jefferies Financial Group reiterated a "hold" rating and issued a $110.00 target price on shares of Hexcel in a report on Sunday, August 2nd. Finally, The Goldman Sachs Group boosted their price target on Hexcel from $88.00 to $97.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hexcel presently has a consensus rating of "Hold" and an average price target of $107.18.
View Our Latest Analysis on HXL
Insider Buying and Selling at Hexcel
In other news, insider Gina Fitzsimons sold 9,675 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $103.14, for a total value of $997,879.50. Following the completion of the sale, the insider owned 7,712 shares of the company's stock, valued at $795,415.68. This represents a 55.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.84% of the stock is owned by insiders.
Hexcel Price Performance
Hexcel stock opened at $92.08 on Wednesday. Hexcel Corporation has a 52-week low of $60.26 and a 52-week high of $111.74. The firm has a fifty day moving average of $100.71 and a 200-day moving average of $92.72. The firm has a market capitalization of $6.96 billion, a P/E ratio of 46.27, a PEG ratio of 1.32 and a beta of 1.05. The company has a quick ratio of 1.37, a current ratio of 2.43 and a debt-to-equity ratio of 0.74.
Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Wednesday, July 29th. The aerospace company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. Hexcel had a net margin of 7.76% and a return on equity of 12.34%. The business had revenue of $529.30 million for the quarter, compared to analyst estimates of $528.08 million. During the same quarter in the previous year, the business posted $0.50 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. As a group, analysts predict that Hexcel Corporation will post 2.36 EPS for the current year.
Hexcel Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. Hexcel's payout ratio is currently 36.18%.
Hexcel Profile
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Free Report)
Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.
Hexcel's product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.
See Also
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