Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Hexcel Corporation (NYSE:HXL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,753 shares of the aerospace company's stock, valued at approximately $2,577,000.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in shares of Hexcel during the 2nd quarter valued at approximately $1,422,742,000. Alliancebernstein L.P. raised its holdings in 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 buying an additional 2,070,366 shares during the period. Alyeska Investment Group L.P. bought a new stake in Hexcel in the third quarter worth $123,233,000. Price T Rowe Associates Inc. MD boosted its stake in Hexcel by 18.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,104,121 shares of the aerospace company's stock worth $377,196,000 after buying an additional 790,320 shares during the period. Finally, Jennison Associates LLC boosted its stake in Hexcel by 87.5% during the fourth quarter. Jennison Associates LLC now owns 1,335,002 shares of the aerospace company's stock worth $98,657,000 after buying an additional 623,032 shares during the period. 95.47% of the stock is owned by institutional investors.
Hexcel Stock Performance
Shares of NYSE:HXL opened at $95.05 on Friday. The firm has a market cap of $7.19 billion, a PE ratio of 47.76, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06. The firm's 50 day simple moving average is $100.93 and its 200-day simple moving average is $92.61. 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.
Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly 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 firm had revenue of $529.30 million during 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%.Hexcel's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. As a group, equities analysts predict that Hexcel Corporation will post 2.36 EPS for the current year.
Hexcel Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. Hexcel's dividend payout ratio is presently 36.18%.
Insider Activity at Hexcel
In other news, insider Gina Fitzsimons sold 9,675 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $103.14, for a total transaction of $997,879.50. Following the transaction, the insider owned 7,712 shares in the company, valued at approximately $795,415.68. This trade represents a 55.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.84% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on HXL shares. UBS Group increased their target price on shares of Hexcel from $113.00 to $126.00 and gave the company a "buy" rating in a research note on Friday, July 31st. The Goldman Sachs Group lifted their price target on shares of Hexcel from $88.00 to $97.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 4th. Bank of America downgraded shares of Hexcel from a "peer perform" rating to a "market perform" rating and set a $110.00 price target on the stock. in a report on Monday, August 3rd. Jefferies Financial Group reissued a "hold" rating and issued a $110.00 price objective on shares of Hexcel in a research report on Sunday, August 2nd. Finally, Royal Bank Of Canada raised their price objective on shares of Hexcel from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Five investment analysts have rated the stock with 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 an average rating of "Hold" and an average target price of $107.18.
Check Out Our Latest Stock Report on HXL
About Hexcel
(
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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