Oppenheimer Asset Management Inc. Makes New Investment in Hexcel Corporation $HXL

Oppenheimer Asset Management Inc. bought a new stake in Hexcel Corporation (NYSE:HXL) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 24,840 shares of the aerospace company’s stock, valued at approximately $2,485,000.

Several other large investors have also modified their holdings of the stock. Alliancebernstein L.P. lifted its holdings in shares of Hexcel by 1,918.9% during the second quarter. Alliancebernstein L.P. now owns 2,178,259 shares of the aerospace company’s stock worth $123,050,000 after purchasing an additional 2,070,366 shares during the period. Alyeska Investment Group L.P. acquired a new position in Hexcel in the 3rd quarter valued at $123,233,000. Price T Rowe Associates Inc. MD increased its stake in Hexcel by 18.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,104,121 shares of the aerospace company’s stock valued at $377,196,000 after buying an additional 790,320 shares during the period. Jennison Associates LLC raised its position in Hexcel by 87.5% during the 4th quarter. Jennison Associates LLC now owns 1,335,002 shares of the aerospace company’s stock worth $98,657,000 after buying an additional 623,032 shares during the last quarter. Finally, UBS Group AG raised its position in Hexcel by 122.3% during the 3rd quarter. UBS Group AG now owns 955,995 shares of the aerospace company’s stock worth $59,941,000 after buying an additional 525,900 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

HXL has been the topic of several analyst reports. Wolfe Research downgraded shares of Hexcel from an “outperform” rating to a “peer perform” rating in a report on Friday, July 31st. Morgan Stanley boosted their price target on shares of Hexcel from $97.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Wall Street Zen cut shares of Hexcel from a “strong-buy” rating to a “buy” rating in a report on Sunday. Weiss Ratings upgraded shares of Hexcel from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company lifted their price objective on Hexcel from $95.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $107.18.

Hexcel Stock Performance

Shares of HXL opened at $103.98 on Monday. The company has a 50-day simple moving average of $100.93 and a 200-day simple moving average of $91.74. 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 company has a market capitalization of $7.86 billion, a PE ratio of 52.25, a P/E/G ratio of 1.48 and a beta of 1.06. Hexcel Corporation has a 52-week low of $60.05 and a 52-week high of $111.74.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $529.30 million during the quarter, compared to analysts’ expectations of $528.08 million. Hexcel had a net margin of 7.76% and a return on equity of 12.34%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 earnings per share. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. Equities research analysts predict that Hexcel Corporation will post 2.36 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 10th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, August 10th. Hexcel’s dividend payout ratio (DPR) is presently 36.18%.

Hexcel 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.