Fisher Asset Management LLC Sells 17,479 Shares of Hexcel Corporation $HXL

Key Points

• Fisher Asset Management cut its Hexcel stake by 18.8% in Q4, selling 17,479 shares and leaving it with 75,526 shares valued at about $5.58 million.
• Hexcel reported strong quarterly results, with EPS of $0.59 beating estimates by $0.17 and revenue of $501.5 million topping forecasts; revenue also rose 7.7% year over year.
• Analysts remain mixed on HXL, with a consensus rating of “Hold” and an average price target of $91, though several firms recently raised targets and ratings.

Fisher Asset Management LLC lessened its stake in Hexcel Corporation (NYSE:HXL - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,526 shares of the aerospace company's stock after selling 17,479 shares during the period. Fisher Asset Management LLC owned about 0.09% of Hexcel worth $5,581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HXL. Royal Bank of Canada lifted its stake in shares of Hexcel by 12.6% in the 1st quarter. Royal Bank of Canada now owns 119,501 shares of the aerospace company's stock valued at $6,544,000 after acquiring an additional 13,374 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Hexcel by 7.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,360 shares of the aerospace company's stock valued at $348,000 after acquiring an additional 468 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Hexcel in the 1st quarter valued at about $234,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Hexcel by 14.5% in the 1st 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 acquiring an additional 34,822 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Hexcel by 138.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company's stock valued at $42,000 after acquiring an additional 441 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Wall Street Analyst Weigh In

HXL has been the subject of a number of recent analyst reports. Wall Street Zen raised Hexcel from a "hold" rating to a "buy" rating in a research report on Monday, March 2nd. BMO Capital Markets upped their price target on Hexcel from $85.00 to $97.00 and gave the company a "market perform" rating in a research report on Friday, April 24th. Bank of America raised Hexcel from an "underperform" rating to a "neutral" rating and upped their price target for the company from $60.00 to $95.00 in a research report on Thursday, February 12th. Morgan Stanley raised Hexcel from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $67.00 to $90.00 in a research report on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $105.00 price target on shares of Hexcel in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $91.00.

Hexcel Trading Up 3.3%

HXL opened at $91.09 on Friday. The business has a 50 day simple moving average of $86.34 and a two-hundred day simple moving average of $82.44. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 59.93, a PEG ratio of 1.33 and a beta of 1.11. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.45 and a quick ratio of 1.37. Hexcel Corporation has a one year low of $51.59 and a one year high of $98.26.

Hexcel (NYSE:HXL - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.17. Hexcel had a return on equity of 11.08% and a net margin of 6.07%.The firm 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 earned $0.37 EPS. The business's 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. Analysts predict that Hexcel Corporation will post 2.24 EPS for the current year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. Hexcel's dividend payout ratio is currently 47.37%.

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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