DAVENPORT & Co LLC Decreases Holdings in Hexcel Corporation $HXL

DAVENPORT & Co LLC decreased its holdings in Hexcel Corporation (NYSE:HXL) by 21.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 425,276 shares of the aerospace company’s stock after selling 116,460 shares during the period. DAVENPORT & Co LLC’s holdings in Hexcel were worth $31,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its stake in shares of Hexcel by 122.7% in the 3rd quarter. Alliancebernstein L.P. now owns 4,849,941 shares of the aerospace company’s stock valued at $304,091,000 after purchasing an additional 2,671,682 shares during the last quarter. State Street Corp increased its position in shares of Hexcel by 4.3% during the 2nd quarter. State Street Corp now owns 4,690,924 shares of the aerospace company’s stock valued at $264,990,000 after purchasing an additional 191,649 shares during the last quarter. Brandes Investment Partners LP increased its position in shares of Hexcel by 49.1% during the 2nd quarter. Brandes Investment Partners LP now owns 2,440,242 shares of the aerospace company’s stock valued at $137,850,000 after purchasing an additional 803,123 shares during the last quarter. 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 valued at $129,002,000 after buying an additional 126,338 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in Hexcel during the 3rd quarter valued at $123,233,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Insider Transactions at Hexcel

In other Hexcel news, insider Amy S. Evans sold 1,500 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $92.80, for a total value of $139,200.00. Following the transaction, the insider directly owned 1,979 shares in the company, valued at $183,651.20. This represents a 43.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HXL has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a research note on Thursday, January 22nd. Truist Financial set a $94.00 target price on shares of Hexcel in a research note on Friday, January 30th. BMO Capital Markets restated a “market perform” rating and issued a $85.00 target price on shares of Hexcel in a report on Friday, January 30th. Royal Bank Of Canada lifted their price target on shares of Hexcel from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, Wall Street Zen raised shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $82.17.

Hexcel Stock Performance

Shares of Hexcel stock opened at $80.75 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.79. The stock’s fifty day moving average is $85.51 and its two-hundred day moving average is $75.50. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $95.22. The company has a market capitalization of $6.13 billion, a PE ratio of 58.52, a price-to-earnings-growth ratio of 1.22 and a beta of 1.01.

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

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, February 9th. This is a positive change from Hexcel’s previous quarterly dividend of $0.17. Hexcel’s dividend payout ratio (DPR) is 52.17%.

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.