Ingalls & Snyder LLC Sells 8,536 Shares of Hexcel Corporation $HXL

Ingalls & Snyder LLC reduced its position in Hexcel Corporation (NYSE:HXL) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,648 shares of the aerospace company’s stock after selling 8,536 shares during the quarter. Hexcel makes up about 0.7% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 27th largest holding. Ingalls & Snyder LLC owned approximately 0.43% of Hexcel worth $21,609,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HXL. NewSquare Capital LLC lifted its stake in shares of Hexcel by 379.0% during the 2nd quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock valued at $27,000 after buying an additional 379 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Hexcel by 325.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock worth $28,000 after buying an additional 377 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in Hexcel during the second quarter valued at about $28,000. MMA Asset Management LLC purchased a new position in shares of Hexcel in the third quarter valued at about $35,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Hexcel by 8,671.4% in the third quarter. Smartleaf Asset Management LLC now owns 614 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 607 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Trading Down 0.8%

Shares of NYSE HXL opened at $89.08 on Wednesday. Hexcel Corporation has a 1-year low of $45.28 and a 1-year high of $93.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.26 and a quick ratio of 1.25. The business’s 50 day moving average is $80.28 and its two-hundred day moving average is $71.25. The stock has a market capitalization of $6.76 billion, a P/E ratio of 64.55, a PEG ratio of 1.37 and a beta of 1.06.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 28th. The aerospace company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $491.30 million during the quarter, compared to analysts’ expectations of $484.46 million. Hexcel had a return on equity of 9.54% and a net margin of 5.78%.The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. As a group, research analysts expect that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Hexcel’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, February 9th. Hexcel’s dividend payout ratio (DPR) is presently 52.17%.

Analysts Set New Price Targets

Several research firms recently issued reports on HXL. Citigroup reiterated a “reduce” rating on shares of Hexcel in a research report on Thursday, October 23rd. Wall Street Zen upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley upgraded shares of Hexcel from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $67.00 to $90.00 in a research report on Friday, January 30th. Truist Financial set a $94.00 target price on shares of Hexcel in a report on Friday, January 30th. Finally, Jefferies Financial Group upped their target price on shares of Hexcel from $75.00 to $90.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $82.17.

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.