Bank of America Corp DE Invests $216.95 Million in Hexcel Corporation $HXL

Key Points

• Bank of America acquired a $216.95 million stake in Hexcel during the second quarter, purchasing 2.17 million shares and obtaining approximately 2.87% ownership. Institutional investors collectively own 95.47% of the company.
• Hexcel exceeded quarterly earnings expectations, reporting $0.66 EPS and $529.3 million in revenue, with revenue rising 8% year over year. The company reaffirmed fiscal 2026 EPS guidance of $2.30–$2.40 and paid a quarterly dividend of $0.18 per share.
• Analyst sentiment is mixed, with six Buy, nine Hold, and one Sell rating; the consensus rating is Hold with a $108.25 price target. Two insiders also sold shares, reducing their individual holdings by roughly 41% to 56%.

Bank of America Corp DE bought a new stake in Hexcel Corporation (NYSE:HXL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,168,182 shares of the aerospace company's stock, valued at approximately $216,948,000. Bank of America Corp DE owned approximately 2.87% of Hexcel as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Jupiter Topco LLC acquired a new position in Hexcel during the 2nd quarter worth $3,480,000. Hsbc Holdings PLC acquired a new position in shares of Hexcel in the 2nd quarter valued at $318,000. Castleark Management LLC bought a new position in shares of Hexcel in the 2nd quarter worth $10,611,000. Legal & General Group Plc acquired a new stake in shares of Hexcel during the second quarter worth $10,625,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Hexcel in the second quarter valued at about $39,649,000. 95.47% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Gina Fitzsimons sold 9,675 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $103.14, for a total transaction of $997,879.50. Following the completion of the transaction, the insider directly owned 7,712 shares in the company, valued at $795,415.68. This represents a 55.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gail Lehman sold 13,829 shares of the firm's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $92.10, for a total value of $1,273,650.90. Following the completion of the transaction, the insider owned 20,148 shares of the company's stock, valued at $1,855,630.80. The trade was a 40.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HXL shares. Guggenheim initiated coverage on Hexcel in a research report on Monday. They set a "buy" rating and a $120.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $100.00 price target on shares of Hexcel in a research report on Tuesday, August 4th. 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. TD Cowen upped their target price on shares of Hexcel from $85.00 to $100.00 and gave the company a "hold" rating in a research note on Monday, July 13th. Finally, The Goldman Sachs Group increased their target price on shares of Hexcel from $88.00 to $97.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $108.25.

Hexcel Stock Performance

Shares of Hexcel stock opened at $91.11 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.37. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 45.78, a price-to-earnings-growth ratio of 1.31 and a beta of 1.05. The stock's 50-day moving average is $99.15 and its 200-day moving average is $92.81. Hexcel Corporation has a one year low of $60.26 and a one year high of $111.74.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. Hexcel had a return on equity of 12.34% and a net margin of 7.76%.The business had revenue of $529.30 million during the quarter, compared to the consensus estimate of $528.08 million. During the same period last year, the company earned $0.50 earnings per share. Hexcel'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. Equities analysts predict that Hexcel Corporation will post 2.36 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were paid a $0.18 dividend. 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%.

About Hexcel

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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