Alliancebernstein L.P. Has $304.09 Million Position in Hexcel Corporation $HXL

Alliancebernstein L.P. boosted its holdings in Hexcel Corporation (NYSE:HXL) by 122.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,849,941 shares of the aerospace company’s stock after buying an additional 2,671,682 shares during the quarter. Alliancebernstein L.P. owned approximately 6.09% of Hexcel worth $304,091,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Hexcel by 103.8% during the second quarter. American Century Companies Inc. now owns 2,759,673 shares of the aerospace company’s stock worth $155,894,000 after purchasing an additional 1,405,538 shares during the period. Norges Bank acquired a new stake in Hexcel during the 2nd quarter valued at approximately $57,697,000. Brandes Investment Partners LP increased its position in 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 period. Vaughan Nelson Investment Management L.P. raised its holdings in Hexcel by 92.8% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,661,690 shares of the aerospace company’s stock worth $104,188,000 after purchasing an additional 799,695 shares during the last quarter. Finally, UBS Group AG raised its holdings in Hexcel by 122.3% during the 3rd quarter. UBS Group AG now owns 955,995 shares of the aerospace company’s stock worth $59,941,000 after purchasing an additional 525,900 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Performance

Shares of Hexcel stock opened at $79.02 on Monday. The business’s fifty day simple moving average is $85.46 and its 200 day simple moving average is $74.70. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $95.22. The firm has a market capitalization of $5.99 billion, a P/E ratio of 57.26, a price-to-earnings-growth ratio of 1.22 and a beta of 1.01.

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

Hexcel Increases Dividend

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

Wall Street Analysts Forecast Growth

HXL has been the topic of a number of analyst reports. Wall Street Zen raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Morgan Stanley raised shares of Hexcel from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $67.00 to $90.00 in a research note on Friday, January 30th. Truist Financial set a $94.00 target price on shares of Hexcel in a report on Friday, January 30th. Jefferies Financial Group raised their price objective on shares of Hexcel from $75.00 to $90.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. Finally, The Goldman Sachs Group upped their price objective on shares of Hexcel from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and a consensus price target of $82.17.

Insider Buying and Selling

In related news, insider Amy S. Evans sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $92.80, for a total value of $139,200.00. Following the transaction, the insider owned 1,979 shares in the company, valued at approximately $183,651.20. This represents a 43.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.03% of the company’s stock.

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.