Legal & General Group Plc purchased a new position in Hexcel Corporation (NYSE:HXL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 106,188 shares of the aerospace company's stock, valued at approximately $10,625,000. Legal & General Group Plc owned 0.14% of Hexcel at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of HXL. GHP Investment Advisors Inc. purchased a new stake in Hexcel in the first quarter worth $28,000. Group One Trading LLC purchased a new position in shares of Hexcel during the 2nd quarter valued at $36,000. Cetera Trust Company N.A purchased a new position in shares of Hexcel during the 2nd quarter valued at $40,000. Cedar Mountain Advisors LLC bought a new position in shares of Hexcel during the 1st quarter worth $37,000. Finally, Prosperity Bancshares Inc bought a new position in shares of Hexcel during the 4th quarter worth $36,000. 95.47% of the stock is owned by institutional investors.
Hexcel Stock Down 2.4%
HXL stock opened at $92.63 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 2.43 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $7.00 billion, a PE ratio of 46.55, a PEG ratio of 1.36 and a beta of 1.06. Hexcel Corporation has a twelve month low of $60.26 and a twelve month high of $111.74. The stock has a 50-day simple moving average of $100.79 and a two-hundred day simple moving average of $92.69.
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, topping analysts' consensus estimates of $0.57 by $0.09. Hexcel had a net margin of 7.76% and a return on equity of 12.34%. The firm had revenue of $529.30 million for the quarter, compared to the consensus estimate of $528.08 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. On average, equities analysts predict that Hexcel Corporation will post 2.36 EPS for the current fiscal year.
Hexcel Announces Dividend
The firm 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. Hexcel's dividend payout ratio (DPR) is 36.18%.
Insider Buying and Selling
In other news, insider Gina Fitzsimons sold 9,675 shares of Hexcel 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 completion of the sale, the insider directly owned 7,712 shares of the company's stock, valued at approximately $795,415.68. The trade was a 55.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.84% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Hexcel from $95.00 to $120.00 and gave the company an "overweight" rating in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Hexcel from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 4th. Bank of America lowered 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 research report on Monday, August 3rd. Royal Bank Of Canada upped their price target on shares of Hexcel from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Finally, Wall Street Zen downgraded shares of Hexcel from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 16th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $107.18.
Get Our Latest Stock Analysis on Hexcel
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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