Bessemer Group Inc. Acquires 166,617 Shares of Hexcel Corporation $HXL

Key Points

• Bessemer Group Inc. dramatically increased its Hexcel stake in Q1, buying 166,617 shares and lifting its holdings by 2,580.8% to 173,073 shares worth about $14 million.
• Hexcel’s latest quarter beat expectations, with EPS of $0.59 versus $0.42 expected and revenue of $501.5 million, up 7.7% year over year.
• The stock has been trading near its highs, with shares up 1.9% to $103.63, while analysts currently rate Hexcel a Hold overall with an average price target of $94.

Bessemer Group Inc. lifted its stake in Hexcel Corporation (NYSE:HXL - Free Report) by 2,580.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,073 shares of the aerospace company's stock after acquiring an additional 166,617 shares during the period. Bessemer Group Inc. owned approximately 0.23% of Hexcel worth $14,008,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HXL. Sequoia Financial Advisors LLC boosted its position in shares of Hexcel by 2.3% in the first quarter. Sequoia Financial Advisors LLC now owns 5,340 shares of the aerospace company's stock valued at $432,000 after acquiring an additional 119 shares during the period. Clearstead Advisors LLC lifted its stake in Hexcel by 18.2% in the 4th quarter. Clearstead Advisors LLC now owns 817 shares of the aerospace company's stock worth $60,000 after purchasing an additional 126 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Hexcel by 1.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,928 shares of the aerospace company's stock worth $881,000 after purchasing an additional 128 shares in the last quarter. Allworth Financial LP boosted its holdings in Hexcel by 14.5% in the 3rd quarter. Allworth Financial LP now owns 1,135 shares of the aerospace company's stock valued at $71,000 after purchasing an additional 144 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Hexcel by 21.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 924 shares of the aerospace company's stock valued at $52,000 after purchasing an additional 165 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Trading Up 1.9%

Shares of HXL opened at $103.63 on Friday. The stock has a market capitalization of $7.82 billion, a P/E ratio of 68.18, a PEG ratio of 1.59 and a beta of 1.05. The company has a quick ratio of 1.37, a current ratio of 2.45 and a debt-to-equity ratio of 0.79. The firm has a fifty day simple moving average of $94.57 and a two-hundred day simple moving average of $88.17. Hexcel Corporation has a twelve month low of $58.20 and a twelve month high of $104.39.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The aerospace company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.17. Hexcel had a return on equity of 11.08% and a net margin of 6.07%.The business had revenue of $501.50 million during the quarter, compared to analyst estimates of $488.11 million. During the same quarter in the prior year, the company posted $0.37 EPS. Hexcel's quarterly revenue was up 7.7% compared to the same quarter last year. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. On average, research analysts anticipate that Hexcel Corporation will post 2.26 EPS for the current year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, May 4th. Hexcel's dividend payout ratio is presently 47.37%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HXL shares. BMO Capital Markets boosted their price target on shares of Hexcel from $85.00 to $97.00 and gave the stock a "market perform" rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $79.00 price objective on shares of Hexcel in a report on Friday, April 24th. Weiss Ratings reiterated a "hold (c)" rating on shares of Hexcel in a research report on Tuesday, April 21st. Royal Bank Of Canada reissued an "outperform" rating and issued a $105.00 target price on shares of Hexcel in a research note on Friday, April 24th. Finally, TD Cowen raised their price target on Hexcel from $85.00 to $100.00 and gave the company a "hold" rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Hexcel currently has a consensus rating of "Hold" and an average target price of $94.00.

About Hexcel

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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