Envestnet Asset Management Inc. Sells 13,929 Shares of Hexcel Corporation $HXL

Envestnet Asset Management Inc. cut its holdings in shares of Hexcel Corporation (NYSE:HXL) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 660,312 shares of the aerospace company’s stock after selling 13,929 shares during the quarter. Envestnet Asset Management Inc. owned about 0.83% of Hexcel worth $41,402,000 as of its most recent SEC filing.

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

Hexcel Trading Up 1.0%

HXL opened at $86.92 on Wednesday. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 62.99, a P/E/G ratio of 1.69 and a beta of 1.06. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.79. Hexcel Corporation has a twelve month low of $45.28 and a twelve month high of $88.00. The company has a 50-day simple moving average of $79.06 and a 200 day simple moving average of $70.25.

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

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, February 9th. This is a boost from Hexcel’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 0.8%. Hexcel’s dividend payout ratio is currently 52.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HXL shares. The Goldman Sachs Group boosted their price objective on Hexcel from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Jefferies Financial Group lifted their price target on Hexcel from $75.00 to $90.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. Royal Bank Of Canada upped their price objective on Hexcel from $92.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Morgan Stanley upgraded Hexcel from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $67.00 to $90.00 in a research report on Friday, January 30th. Finally, Truist Financial set a $94.00 target price on shares of Hexcel in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $81.00.

Hexcel 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.