Amundi Buys 77,268 Shares of Hexcel Corporation $HXL

Amundi grew its position in Hexcel Corporation (NYSE:HXL - Free Report) by 124.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 139,357 shares of the aerospace company's stock after buying an additional 77,268 shares during the period. Amundi owned approximately 0.18% of Hexcel worth $13,944,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. bought a new stake in Hexcel in the 2nd quarter worth about $1,422,742,000. California State Teachers Retirement System lifted its stake in Hexcel by 9,332.2% during the 2nd quarter. California State Teachers Retirement System now owns 8,737,639 shares of the aerospace company's stock valued at $874,288,000 after acquiring an additional 8,645,003 shares during the period. Bank of America Corp DE bought a new position in Hexcel during the 2nd quarter valued at about $216,948,000. Alliancebernstein L.P. boosted its holdings in shares of Hexcel by 1,918.9% during the 2nd quarter. Alliancebernstein L.P. now owns 2,178,259 shares of the aerospace company's stock valued at $123,050,000 after acquiring an additional 2,070,366 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Hexcel during the 3rd quarter valued at about $123,233,000. 95.47% of the stock is owned by institutional investors.

Insider Transactions at Hexcel

In related news, insider Gail E. Lehman sold 13,829 shares of Hexcel stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $92.10, for a total transaction of $1,273,650.90. Following the completion of the transaction, the insider directly owned 20,148 shares in the company, valued at approximately $1,855,630.80. This trade represents a 40.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gina Fitzsimons sold 9,675 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $103.14, for a total value of $997,879.50. Following the completion of the transaction, the insider directly owned 7,712 shares of the company's stock, valued at $795,415.68. The trade was a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.84% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HXL shares. Royal Bank Of Canada boosted their price objective on shares of Hexcel from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a "hold" rating and issued a $110.00 target price on shares of Hexcel in a research report on Sunday, August 2nd. Wall Street Zen lowered shares of Hexcel from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 16th. UBS Group raised their target price on Hexcel from $113.00 to $126.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Hexcel from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $107.18.

Hexcel Stock Up 3.0%

Shares of NYSE:HXL opened at $92.48 on Friday. Hexcel Corporation has a 52-week low of $60.26 and a 52-week high of $111.74. The company has a quick ratio of 1.37, a current ratio of 2.43 and a debt-to-equity ratio of 0.74. The business's 50 day moving average is $99.68 and its 200 day moving average is $92.84. The stock has a market cap of $6.99 billion, a P/E ratio of 46.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.09. The firm had revenue of $529.30 million for the quarter, compared to the consensus estimate of $528.08 million. Hexcel had a net margin of 7.76% and a return on equity of 12.34%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. Sell-side analysts predict that Hexcel Corporation will post 2.36 EPS for the current year.

Hexcel Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, August 10th. Hexcel's payout ratio is presently 36.18%.

Hexcel Profile

Hexcel Corporation NYSE: HXL develops and manufactures advanced composite materials and structural solutions for the aerospace, defense, space, and industrial markets. Its products are designed to provide high strength and stiffness while reducing weight compared with many traditional materials.

The company's portfolio includes carbon fibers, specialty reinforcements, prepregs, honeycomb sandwich structures, adhesives, and composite tooling materials. These products are used in aircraft structures, helicopter components, rocket and satellite systems, wind turbine blades, and other applications that require lightweight, durable, and high-performance materials.

Hexcel traces its history to 1946 and serves customers through manufacturing operations and commercial activities in North America, Europe, and Asia-Pacific.

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