The Manufacturers Life Insurance Company Makes New Investment in Hexcel Corporation $HXL

The Manufacturers Life Insurance Company acquired a new stake in shares of Hexcel Corporation (NYSE:HXL) in the second quarter, HoldingsChannel.com reports. The firm acquired 396,252 shares of the aerospace company’s stock, valued at approximately $39,649,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Hexcel in the 2nd quarter worth about $1,422,742,000. Alliancebernstein L.P. grew 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 worth $123,050,000 after buying an additional 2,070,366 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Hexcel during the third quarter worth about $123,233,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Hexcel by 18.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,104,121 shares of the aerospace company’s stock worth $377,196,000 after buying an additional 790,320 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Hexcel by 87.5% in the fourth 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. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Price Performance

Shares of HXL stock opened at $94.76 on Thursday. The stock has a 50-day moving average price of $101.03 and a 200 day moving average price of $92.53. 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 firm has a market cap of $7.17 billion, a price-to-earnings ratio of 47.62, a PEG ratio of 1.34 and a beta of 1.06. Hexcel Corporation has a 12 month low of $60.26 and a 12 month high of $111.74.

Hexcel (NYSE:HXL) last released its earnings results on Wednesday, July 29th. The aerospace company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The company had revenue of $529.30 million for the quarter, compared to the consensus estimate of $528.08 million. Hexcel had a net margin of 7.76% and a return on equity of 12.34%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. Research analysts expect that Hexcel Corporation will post 2.36 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, August 10th. Hexcel’s dividend payout ratio is currently 36.18%.

Insider Transactions at Hexcel

In other Hexcel news, insider Gina Fitzsimons sold 9,675 shares of Hexcel stock in a transaction on Friday, August 14th. The shares were sold at an average price of $103.14, for a total transaction of $997,879.50. Following the completion of the sale, the insider owned 7,712 shares of the company’s stock, valued at approximately $795,415.68. The trade was a 55.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on HXL shares. Wells Fargo & Company boosted their target price on Hexcel from $95.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $100.00 price objective on shares of Hexcel in a research note on Tuesday, August 4th. Wolfe Research cut Hexcel from an “outperform” rating to a “peer perform” rating in a report on Friday, July 31st. Morgan Stanley raised their target price on Hexcel from $97.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada lifted their price target on Hexcel from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hexcel presently has an average rating of “Hold” and a consensus target price of $107.18.

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.