Castleark Management LLC bought a new stake 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 bought 106,050 shares of the aerospace company's stock, valued at approximately $10,611,000. Castleark Management LLC owned about 0.14% of Hexcel at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of Hexcel by 12.6% during the 1st quarter. Royal Bank of Canada now owns 119,501 shares of the aerospace company's stock worth $6,544,000 after acquiring an additional 13,374 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hexcel by 7.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,360 shares of the aerospace company's stock valued at $348,000 after purchasing an additional 468 shares in the last quarter. Caxton Associates LLP purchased a new position in Hexcel in the first quarter valued at approximately $234,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Hexcel by 14.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 274,522 shares of the aerospace company's stock valued at $15,033,000 after purchasing an additional 34,822 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Hexcel by 138.7% during the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company's stock worth $42,000 after purchasing an additional 441 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.
Hexcel Price Performance
Shares of HXL opened at $93.76 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.37 and a current ratio of 2.43. Hexcel Corporation has a fifty-two week low of $60.26 and a fifty-two week high of $111.74. The firm has a 50-day simple moving average of $101.14 and a 200-day simple moving average of $92.45. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 47.12, a price-to-earnings-growth ratio of 1.32 and a beta of 1.06.
Hexcel (NYSE:HXL - Get Free Report) last released its earnings results 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 business had revenue of $529.30 million for the quarter, compared to analyst estimates of $528.08 million. Hexcel had a return on equity of 12.34% and a net margin of 7.76%.The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. On average, equities research analysts anticipate that Hexcel Corporation will post 2.36 earnings per share for the current year.
Hexcel Announces Dividend
The firm also recently announced 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 of this dividend 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 (DPR) is 36.18%.
Insider Activity at Hexcel
In other news, insider Gina Fitzsimons sold 9,675 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $103.14, for a total transaction 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 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. Insiders own 1.84% of the company's stock.
Analyst Upgrades and Downgrades
HXL has been the subject of several research analyst reports. UBS Group upped their target price on shares of Hexcel from $113.00 to $126.00 and gave the company a "buy" rating in a report on Friday, July 31st. Bank of America cut shares of Hexcel from a "peer perform" rating to a "market perform" rating and set a $110.00 price target for the company. in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $100.00 price objective on shares of Hexcel in a report on Tuesday, August 4th. Wells Fargo & Company upped their target price on Hexcel from $95.00 to $120.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen lowered Hexcel from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 16th. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $107.18.
View Our Latest Stock Analysis on HXL
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.
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