Legal & General Group Plc Invests $10.62 Million in Hexcel Corporation $HXL

Legal & General Group Plc purchased a new stake in shares of Hexcel Corporation (NYSE:HXL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 106,188 shares of the aerospace company’s stock, valued at approximately $10,625,000.

Several other institutional investors have also added to or reduced their stakes in HXL. GHP Investment Advisors Inc. bought a new position in shares of Hexcel during the first quarter valued at about $28,000. Group One Trading LLC purchased a new stake in shares of Hexcel during the second quarter worth about $36,000. Prosperity Bancshares Inc bought a new stake in shares of Hexcel in the fourth quarter worth about $36,000. Cedar Mountain Advisors LLC bought a new stake in shares of Hexcel in the first quarter worth about $37,000. Finally, Transamerica Financial Advisors LLC increased its holdings in Hexcel by 181.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 506 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 326 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Activity at Hexcel

In other news, insider Gina Fitzsimons sold 9,675 shares of the business’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 sale, the insider owned 7,712 shares in the company, valued at approximately $795,415.68. The trade was a 55.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group increased their price objective on Hexcel from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Friday, July 31st. TD Cowen boosted their target price on Hexcel from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Royal Bank Of Canada upped their target price on Hexcel from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, July 31st. The Goldman Sachs Group raised their price target on Hexcel from $88.00 to $97.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Finally, Wolfe Research cut shares of Hexcel from an “outperform” rating to a “peer perform” rating in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $107.18.

Hexcel Stock Down 2.4%

HXL stock opened at $92.63 on Tuesday. Hexcel Corporation has a fifty-two week low of $60.26 and a fifty-two week high of $111.74. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 46.55, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06. The business’s 50 day moving average price is $100.79 and its two-hundred day moving average price is $92.69. 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) last released its earnings results on Wednesday, July 29th. The aerospace company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. Hexcel had a return on equity of 12.34% and a net margin of 7.76%.The company had revenue of $529.30 million during the quarter, compared to analysts’ expectations of $528.08 million. During the same quarter last year, the business posted $0.50 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. As a group, analysts forecast that Hexcel Corporation will post 2.36 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders 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 annualized dividend and a yield of 0.8%. Hexcel’s dividend payout ratio (DPR) is currently 36.18%.

Hexcel Company Profile

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.