360,551 Shares in Hexcel Corporation $HXL Purchased by Norges Bank

Norges Bank acquired a new position in Hexcel Corporation (NYSE:HXL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 360,551 shares of the aerospace company’s stock, valued at approximately $26,645,000.

Several other hedge funds have also recently bought and sold shares of HXL. Alliancebernstein L.P. increased its position in Hexcel by 122.7% in the 3rd quarter. Alliancebernstein L.P. now owns 4,849,941 shares of the aerospace company’s stock worth $304,091,000 after purchasing an additional 2,671,682 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in Hexcel in the 3rd quarter worth about $123,233,000. Jain Global LLC increased its position in Hexcel by 248.3% in the 3rd quarter. Jain Global LLC now owns 961,667 shares of the aerospace company’s stock worth $60,297,000 after purchasing an additional 685,528 shares during the last quarter. Jennison Associates LLC increased its holdings 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 during the last quarter. Finally, UBS Group AG increased its holdings 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 during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Price Performance

Hexcel stock opened at $93.00 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.45 and a quick ratio of 1.37. The company has a market capitalization of $7.01 billion, a PE ratio of 61.18, a price-to-earnings-growth ratio of 1.35 and a beta of 1.08. Hexcel Corporation has a one year low of $53.87 and a one year high of $98.26. The business has a 50 day simple moving average of $87.84 and a 200 day simple moving average of $83.57.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, April 22nd. The aerospace company reported $0.59 EPS for the quarter, topping 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% on a year-over-year basis. During the same quarter last year, the company earned $0.37 EPS. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. On average, sell-side analysts forecast that Hexcel Corporation will post 2.24 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, May 4th. Hexcel’s dividend payout ratio (DPR) is 47.37%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Hexcel in a report on Friday, April 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $95.00 target price on shares of Hexcel in a report on Sunday, April 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hexcel in a research report on Tuesday, April 21st. Bank of America upgraded Hexcel from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $60.00 to $95.00 in a research report on Thursday, February 12th. Finally, Wall Street Zen upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hexcel presently has a consensus rating of “Hold” and a consensus price target of $91.00.

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.