Norges Bank Buys Shares of 360,551 Hexcel Corporation $HXL

Norges Bank bought a new stake in Hexcel Corporation (NYSE:HXL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 360,551 shares of the aerospace company’s stock, valued at approximately $26,645,000. Norges Bank owned approximately 0.45% of Hexcel as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HXL. Alliancebernstein L.P. raised its position in shares of Hexcel by 122.7% in the 3rd quarter. Alliancebernstein L.P. now owns 4,849,941 shares of the aerospace company’s stock valued at $304,091,000 after purchasing an additional 2,671,682 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Hexcel during the 3rd quarter valued at approximately $123,233,000. Jain Global LLC raised its position in shares of Hexcel by 248.3% during the 3rd quarter. Jain Global LLC now owns 961,667 shares of the aerospace company’s stock valued at $60,297,000 after acquiring an additional 685,528 shares in the last quarter. Jennison Associates LLC raised its position in shares of Hexcel by 87.5% during the 4th quarter. Jennison Associates LLC now owns 1,335,002 shares of the aerospace company’s stock valued at $98,657,000 after acquiring an additional 623,032 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Hexcel by 122.3% during the 3rd quarter. UBS Group AG now owns 955,995 shares of the aerospace company’s stock valued at $59,941,000 after acquiring an additional 525,900 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HXL. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $79.00 price target on shares of Hexcel in a research report on Friday, April 24th. 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. Jefferies Financial Group restated a “hold” rating and set a $95.00 price objective on shares of Hexcel in a research note on Sunday, April 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $91.00.

Hexcel Trading Up 4.3%

Shares of NYSE HXL opened at $93.00 on Wednesday. Hexcel Corporation has a 12 month low of $53.87 and a 12 month high of $98.26. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 61.18, a P/E/G ratio of 1.35 and a beta of 1.08. The company has a quick ratio of 1.37, a current ratio of 2.45 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $87.84 and a 200-day simple moving average of $83.57.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, April 22nd. The aerospace company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.42 by $0.17. The business had revenue of $501.50 million during the quarter, compared to the consensus estimate of $488.11 million. Hexcel had a return on equity of 11.08% and a net margin of 6.07%.Hexcel’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. Sell-side analysts predict that Hexcel Corporation will post 2.24 EPS for the current year.

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, May 4th. 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.