Bank of New York Mellon Corp acquired a new position in Hexcel Corporation (NYSE:HXL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 514,296 shares of the aerospace company's stock, valued at approximately $51,460,000. Bank of New York Mellon Corp owned approximately 0.68% of Hexcel as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of HXL. GHP Investment Advisors Inc. bought a new position in Hexcel in the first quarter worth approximately $28,000. Cedar Mountain Advisors LLC acquired a new stake in Hexcel in the first quarter valued at approximately $37,000. Prosperity Bancshares Inc purchased a new position in Hexcel during the 4th quarter worth $36,000. Transamerica Financial Advisors LLC increased its position in Hexcel by 181.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 506 shares of the aerospace company's stock valued at $37,000 after buying an additional 326 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in Hexcel in the fourth quarter valued at about $38,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Hexcel news, insider Gina Fitzsimons sold 9,675 shares of the firm'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 transaction, the insider directly owned 7,712 shares of the company's stock, valued at $795,415.68. This trade represents a 55.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.84% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on HXL. Weiss Ratings raised Hexcel from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, August 4th. Jefferies Financial Group reaffirmed a "hold" rating and set a $110.00 price target on shares of Hexcel in a research report on Sunday, August 2nd. Bank of America downgraded Hexcel from a "peer perform" rating to a "market perform" rating and set a $110.00 price target on the stock. in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $100.00 price objective on shares of Hexcel in a research note on Tuesday, August 4th. Finally, Wolfe Research lowered Hexcel from an "outperform" rating to a "peer perform" rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $107.18.
Read Our Latest Research Report on Hexcel
Hexcel Stock Down 0.1%
HXL stock opened at $94.56 on Friday. Hexcel Corporation has a one year low of $60.26 and a one year high of $111.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.37 and a current ratio of 2.43. The firm's fifty day moving average is $100.97 and its 200 day moving average is $92.59. The firm has a market cap of $7.15 billion, a PE ratio of 47.52, a P/E/G ratio of 1.35 and a beta of 1.06.
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, beating the consensus estimate of $0.57 by $0.09. The business 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 revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. On average, research analysts forecast that Hexcel Corporation will post 2.36 EPS for the current year.
Hexcel Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a $0.18 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. Hexcel's dividend payout ratio is presently 36.18%.
Hexcel Company Profile
(
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.
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