Hexcel Corporation $HXL Shares Newly Acquired by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. bought a new stake in shares of Hexcel Corporation (NYSE:HXL) in the 3rd quarter, Holdings Channel.com reports. The fund bought 85,256 shares of the aerospace company’s stock, valued at approximately $7,155,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Hexcel in the second quarter valued at $1,422,742,000. Bank of America Corp DE purchased a new stake in shares of Hexcel during the second quarter worth about $216,948,000. Bank of New York Mellon Corp acquired a new position in shares of Hexcel in the second quarter valued at approximately $51,460,000. The Manufacturers Life Insurance Company acquired a new position in shares of Hexcel in the second quarter valued at approximately $39,649,000. Finally, Squarepoint Ops LLC raised its position in shares of Hexcel by 26.8% in the second quarter. Squarepoint Ops LLC now owns 343,283 shares of the aerospace company’s stock valued at $34,349,000 after buying an additional 72,660 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Seaport Research Partners raised shares of Hexcel from a “neutral” rating to a “buy” rating and set a $104.00 price objective on the stock in a research note on Sunday. Guggenheim initiated coverage on shares of Hexcel in a research note on Monday, September 14th. They issued a “buy” rating and a $120.00 target price for the company. TD Cowen cut their price target on Hexcel from $115.00 to $90.00 and set a “hold” rating for the company in a report on Friday. Royal Bank Of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Hexcel in a research note on Wednesday, September 23rd. Finally, Morgan Stanley increased their price target on Hexcel from $97.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hexcel presently has an average rating of “Hold” and a consensus price target of $105.17.

Hexcel Trading Up 1.5%

NYSE:HXL traded up $1.29 during mid-day trading on Tuesday, reaching $86.24. The company’s stock had a trading volume of 878,125 shares, compared to its average volume of 1,087,701. The company’s fifty day simple moving average is $92.38 and its two-hundred day simple moving average is $92.91. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.37. Hexcel Corporation has a twelve month low of $60.82 and a twelve month high of $111.74. The stock has a market cap of $6.52 billion, a P/E ratio of 43.34, a P/E/G ratio of 1.21 and a beta of 1.10.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.57 by $0.09. Hexcel had a return on equity of 12.34% and a net margin of 7.76%. The company had revenue of $529.30 million during the quarter, compared to analysts’ expectations of $528.08 million. During the same quarter in the previous year, the business earned $0.50 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. On average, equities analysts predict that Hexcel Corporation will post 2.36 EPS for the current year.

Hexcel Dividend Announcement

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

Insider Buying and Selling

In related news, insider Gail Lehman sold 13,829 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $92.10, for a total value of $1,273,650.90. Following the completion of the sale, the insider directly owned 20,148 shares in the company, valued at approximately $1,855,630.80. The trade was a 40.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gina Fitzsimons sold 9,675 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $103.14, for a total transaction of $997,879.50. Following the transaction, the insider directly owned 7,712 shares of the company’s stock, valued at $795,415.68. This trade represents a 55.65% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.84% of the stock is currently owned by insiders.

Hexcel Profile

Hexcel Corporation (NYSE:HXL) develops and manufactures advanced composite materials and structural solutions for the aerospace, defense, space, and industrial markets. Its products are designed to help customers reduce weight, improve performance, and increase fuel efficiency in aircraft and other demanding applications.

The company’s product portfolio includes carbon fiber, specialty reinforcements, prepreg materials, honeycomb cores, adhesives, and other composite technologies. Hexcel also produces engineered composite structures and components used in commercial aircraft, military aircraft, helicopters, launch vehicles, satellites, and various industrial applications, including wind energy and transportation.

Hexcel traces its roots to the development of lightweight honeycomb materials in the mid-20th century and has expanded through research, manufacturing, and acquisitions into a global composites supplier.