Connor Clark & Lunn Investment Management Ltd. Takes $2.58 Million Position in Hexcel Corporation $HXL

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Hexcel Corporation (NYSE:HXL) during the second quarter, according to its most recent filing with the SEC. The firm purchased 25,753 shares of the aerospace company’s stock, valued at approximately $2,577,000.

Several other large investors have also recently made changes to their positions in the stock. Clear Harbor Asset Management LLC bought a new stake in Hexcel during the second quarter valued at about $10,978,000. Commerce Bank purchased a new position in Hexcel in the second quarter valued at about $378,000. Northwestern Mutual Wealth Management Co. bought a new position in Hexcel in the second quarter worth about $360,000. Quantbot Technologies LP bought a new position in Hexcel in the second quarter worth about $651,000. Finally, Callan Family Office LLC purchased a new stake in shares of Hexcel during the second quarter valued at about $210,000. 95.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HXL has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price objective on shares of Hexcel from $105.00 to $115.00 and gave the stock an “outperform” rating in a research 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 target price for the company. in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $100.00 price target on shares of Hexcel in a report on Tuesday, August 4th. Wall Street Zen downgraded Hexcel from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $110.00 price objective on shares of Hexcel in a report on Sunday, August 2nd. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $107.18.

Insiders Place Their Bets

In other news, insider Gina Fitzsimons sold 9,675 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $103.14, for a total value of $997,879.50. Following the transaction, the insider directly owned 7,712 shares of the company’s stock, valued at approximately $795,415.68. This represents a 55.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.84% of the company’s stock.

Hexcel Trading Up 0.4%

NYSE HXL opened at $95.05 on Friday. Hexcel Corporation has a 12-month low of $60.26 and a 12-month high of $111.74. The company has a fifty day simple moving average of $100.93 and a two-hundred day simple moving average of $92.61. The company has a current ratio of 2.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.74. The stock has a market cap of $7.19 billion, a P/E ratio of 47.76, a P/E/G ratio of 1.35 and a beta of 1.06.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $0.66 earnings per share for the quarter, beating 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 analyst estimates of $528.08 million. During the same period in the previous year, the company earned $0.50 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. On average, analysts forecast that Hexcel Corporation will post 2.36 earnings per share for the current year.

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, August 10th. Hexcel’s payout ratio is presently 36.18%.

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.