Hexcel Corporation $HXL Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. trimmed its position in Hexcel Corporation (NYSE:HXL) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,756 shares of the aerospace company’s stock after selling 7,085 shares during the quarter. Pinnacle Associates Ltd. owned approximately 0.16% of Hexcel worth $9,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP boosted its holdings in Hexcel by 14.5% in the third quarter. Allworth Financial LP now owns 1,135 shares of the aerospace company’s stock worth $71,000 after purchasing an additional 144 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Hexcel by 4.1% during the third quarter. Sequoia Financial Advisors LLC now owns 3,879 shares of the aerospace company’s stock worth $243,000 after purchasing an additional 154 shares during the period. Huntington National Bank lifted its position in shares of Hexcel by 22.8% in the 3rd quarter. Huntington National Bank now owns 867 shares of the aerospace company’s stock worth $54,000 after buying an additional 161 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Hexcel by 21.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 924 shares of the aerospace company’s stock worth $52,000 after buying an additional 165 shares during the last quarter. Finally, Danske Bank A S boosted its holdings in shares of Hexcel by 13.3% in the 4th quarter. Danske Bank A S now owns 1,700 shares of the aerospace company’s stock valued at $126,000 after buying an additional 200 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hexcel

In related news, insider Amy S. Evans sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $92.80, for a total transaction of $139,200.00. Following the transaction, the insider owned 1,979 shares in the company, valued at $183,651.20. This trade represents a 43.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HXL. Morgan Stanley upgraded shares of Hexcel from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $67.00 to $90.00 in a research note on Friday, January 30th. BMO Capital Markets lifted their target price on Hexcel from $85.00 to $97.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $95.00 target price on shares of Hexcel in a report on Sunday, April 26th. Truist Financial set a $94.00 price target on Hexcel in a research report on Friday, January 30th. Finally, KeyCorp initiated coverage on Hexcel in a report on Wednesday, March 25th. They issued a “sector weight” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Hexcel has an average rating of “Hold” and an average target price of $91.00.

Hexcel Price Performance

Shares of NYSE:HXL opened at $92.44 on Friday. The firm’s 50 day moving average is $85.86 and its two-hundred day moving average is $81.28. The firm has a market capitalization of $6.97 billion, a P/E ratio of 60.82, a PEG ratio of 1.40 and a beta of 1.11. The company has a current ratio of 2.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.79. Hexcel Corporation has a 52 week low of $50.54 and a 52 week high of $98.26.

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

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.72 annualized dividend and a yield of 0.8%. Hexcel’s dividend payout ratio is presently 47.37%.

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.