Hexcel Corporation $HXL Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its holdings in Hexcel Corporation (NYSE:HXL) by 11.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,184,316 shares of the aerospace company’s stock after selling 150,686 shares during the period. Jennison Associates LLC’s holdings in Hexcel were worth $95,847,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HXL. Royal Bank of Canada grew its stake in shares of Hexcel by 12.6% in the 1st quarter. Royal Bank of Canada now owns 119,501 shares of the aerospace company’s stock valued at $6,544,000 after buying an additional 13,374 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Hexcel by 7.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,360 shares of the aerospace company’s stock worth $348,000 after acquiring an additional 468 shares during the period. Caxton Associates LLP acquired a new stake in Hexcel during the first quarter worth $234,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Hexcel by 14.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 274,522 shares of the aerospace company’s stock worth $15,033,000 after acquiring an additional 34,822 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Hexcel by 138.7% in the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 441 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Trading Down 0.2%

HXL opened at $103.63 on Monday. Hexcel Corporation has a 52 week low of $58.20 and a 52 week high of $104.39. 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 fifty day simple moving average of $94.57 and a 200-day simple moving average of $88.26. The firm has a market cap of $7.82 billion, a P/E ratio of 68.18, a P/E/G ratio of 1.59 and a beta of 1.05.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, April 22nd. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.17. Hexcel had a return on equity of 11.08% and a net margin of 6.07%.The firm had revenue of $501.50 million for the quarter, compared to the consensus estimate of $488.11 million. During the same quarter in the previous year, the business earned $0.37 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. On average, equities analysts expect that Hexcel Corporation will post 2.26 earnings per share for the current year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, May 4th. This represents a $0.72 dividend on an annualized basis and a yield of 0.7%. Hexcel’s dividend payout ratio is 47.37%.

Analyst Ratings Changes

Several equities analysts have recently commented on HXL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a research note on Tuesday, April 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $105.00 price objective on shares of Hexcel in a report on Friday, April 24th. BMO Capital Markets upped their target price on shares of Hexcel from $85.00 to $97.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Jefferies Financial Group increased their target price on shares of Hexcel from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Finally, Wells Fargo & Company assumed coverage on shares of Hexcel in a research report on Wednesday, April 1st. They set an “overweight” rating and a $95.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $94.00.

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.