Thrivent Financial for Lutherans Sells 9,262 Shares of Hexcel Corporation $HXL

Thrivent Financial for Lutherans decreased its position in shares of Hexcel Corporation (NYSE:HXL) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,477,789 shares of the aerospace company’s stock after selling 9,262 shares during the quarter. Thrivent Financial for Lutherans owned about 1.86% of Hexcel worth $109,209,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Alliancebernstein L.P. raised its holdings in Hexcel by 122.7% during the 3rd quarter. Alliancebernstein L.P. now owns 4,849,941 shares of the aerospace company’s stock worth $304,091,000 after buying an additional 2,671,682 shares during the period. State Street Corp raised its holdings in Hexcel by 4.3% during the 2nd quarter. State Street Corp now owns 4,690,924 shares of the aerospace company’s stock worth $264,990,000 after buying an additional 191,649 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Hexcel by 23.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,289,145 shares of the aerospace company’s stock worth $169,168,000 after buying an additional 428,541 shares during the period. Bank of America Corp DE raised its holdings in Hexcel by 5.9% during the 2nd quarter. Bank of America Corp DE now owns 2,283,626 shares of the aerospace company’s stock worth $129,002,000 after buying an additional 126,338 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in Hexcel during the 3rd quarter worth approximately $123,233,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on HXL. Royal Bank Of Canada restated an “outperform” rating and set a $105.00 target price on shares of Hexcel in a report on Friday, April 24th. The Goldman Sachs Group raised their target price on shares of Hexcel from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Jefferies Financial Group restated a “hold” rating and set a $95.00 target price on shares of Hexcel in a report on Sunday, April 26th. Finally, Truist Financial set a $94.00 target price on shares of Hexcel in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $91.00.

Insiders Place Their Bets

In related news, insider Amy S. Evans sold 1,500 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $92.80, for a total transaction of $139,200.00. Following the transaction, the insider directly owned 1,979 shares in the company, valued at approximately $183,651.20. The trade was a 43.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.84% of the company’s stock.

Hexcel Price Performance

Shares of HXL opened at $92.44 on Friday. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 60.82, a PEG ratio of 1.40 and a beta of 1.11. Hexcel Corporation has a 1-year low of $50.54 and a 1-year high of $98.26. The company’s fifty day simple moving average is $85.86 and its 200 day simple moving average is $81.28. The company has a current ratio of 2.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.79.

Hexcel (NYSE:HXL) last issued its earnings results 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 business had revenue of $501.50 million for the quarter, compared to the consensus estimate of $488.11 million. Hexcel had a net margin of 6.07% and a return on equity of 11.08%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. On average, research analysts forecast that Hexcel Corporation will post 2.24 earnings per share 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 issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, May 4th. Hexcel’s payout ratio is presently 47.37%.

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.