Legal & General Group Plc Trims Position in Hexcel Corporation $HXL

Legal & General Group Plc lessened its position in shares of Hexcel Corporation (NYSE:HXL) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 169,468 shares of the aerospace company’s stock after selling 6,920 shares during the quarter. Legal & General Group Plc’s holdings in Hexcel were worth $12,524,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HXL. Leonteq Securities AG bought a new stake in Hexcel during the fourth quarter valued at about $38,000. MMA Asset Management LLC bought a new stake in Hexcel during the third quarter valued at about $35,000. Covestor Ltd grew its holdings in Hexcel by 42.1% during the fourth quarter. Covestor Ltd now owns 570 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 169 shares during the period. Optiver Holding B.V. grew its holdings in Hexcel by 469.3% during the third quarter. Optiver Holding B.V. now owns 575 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 474 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Hexcel by 8,671.4% during the third quarter. Smartleaf Asset Management LLC now owns 614 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 607 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

NYSE HXL opened at $87.86 on Wednesday. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 57.80, a price-to-earnings-growth ratio of 1.34 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 50-day moving average price of $86.71 and a 200-day moving average price of $82.74. Hexcel Corporation has a twelve month low of $53.52 and a twelve month high of $98.26.

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

Hexcel Dividend Announcement

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

Analyst Ratings Changes

HXL has been the subject of several recent research reports. BMO Capital Markets boosted their price target on Hexcel from $85.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Wall Street Zen raised Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. KeyCorp started coverage on Hexcel in a research note on Wednesday, March 25th. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $79.00 price objective on shares of Hexcel in a research note on Friday, April 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Hexcel in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $91.00.

Hexcel Company 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.