Hexcel Corporation $HXL Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its stake in shares of Hexcel Corporation (NYSE:HXL) by 121.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 236,792 shares of the aerospace company’s stock after acquiring an additional 129,961 shares during the quarter. Van ECK Associates Corp’s holdings in Hexcel were worth $14,847,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Hexcel by 4.3% in the 2nd quarter. State Street Corp now owns 4,690,924 shares of the aerospace company’s stock valued at $264,990,000 after purchasing an additional 191,649 shares in the last quarter. American Century Companies Inc. grew its stake in Hexcel by 103.8% in the second quarter. American Century Companies Inc. now owns 2,759,673 shares of the aerospace company’s stock worth $155,894,000 after purchasing an additional 1,405,538 shares in the last quarter. Brandes Investment Partners LP increased its holdings in Hexcel by 49.1% in the second quarter. Brandes Investment Partners LP now owns 2,440,242 shares of the aerospace company’s stock valued at $137,850,000 after buying an additional 803,123 shares during the last quarter. Bank of America Corp DE increased its holdings in Hexcel by 5.9% in the second quarter. Bank of America Corp DE now owns 2,283,626 shares of the aerospace company’s stock valued at $129,002,000 after buying an additional 126,338 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Hexcel by 1,918.9% during the second 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 in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Stock Performance

NYSE:HXL traded down $4.63 during midday trading on Friday, reaching $78.03. 623,471 shares of the company traded hands, compared to its average volume of 1,300,875. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 56.54, a price-to-earnings-growth ratio of 1.30 and a beta of 1.01. The company has a fifty day moving average price of $85.41 and a 200 day moving average price of $74.43. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.26 and a quick ratio of 1.25. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $95.22.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, January 28th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. Hexcel had a return on equity of 9.54% and a net margin of 5.78%.The company had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $484.46 million. During the same period last year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. On average, analysts expect that Hexcel Corporation will post 2.14 EPS for the current fiscal year.

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were given a $0.18 dividend. The ex-dividend date was Monday, February 9th. This represents a $0.72 annualized dividend and a yield of 0.9%. This is a boost from Hexcel’s previous quarterly dividend of $0.17. Hexcel’s payout ratio is 52.17%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HXL. Royal Bank Of Canada increased their target price on Hexcel from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. The Goldman Sachs Group upped their price target on Hexcel from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Truist Financial set a $94.00 price objective on Hexcel in a research note on Friday, January 30th. Jefferies Financial Group lifted their price objective on shares of Hexcel from $75.00 to $90.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. Finally, Bank of America upgraded shares of Hexcel from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $60.00 to $95.00 in a research note on Thursday, February 12th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and a consensus target price of $82.17.

Insider Transactions at Hexcel

In other Hexcel news, insider Amy S. Evans sold 1,500 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $92.80, for a total value of $139,200.00. Following the completion of the transaction, the insider owned 1,979 shares in the company, valued at approximately $183,651.20. This represents a 43.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.39% of the stock is owned by insiders.

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.