Hexcel Corporation $HXL Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp grew its position in Hexcel Corporation (NYSE:HXLFree Report) by 83.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 67,270 shares of the aerospace company’s stock after purchasing an additional 30,576 shares during the period. Fifth Third Bancorp’s holdings in Hexcel were worth $5,444,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its holdings in shares of Hexcel by 2.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,340 shares of the aerospace company’s stock valued at $432,000 after acquiring an additional 119 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new stake in Hexcel during the first quarter worth about $37,000. Granite Investment Partners LLC bought a new position in Hexcel during the first quarter valued at about $319,000. Sumitomo Mitsui Trust Group Inc. increased its stake in Hexcel by 8.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,523 shares of the aerospace company’s stock valued at $609,000 after acquiring an additional 577 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its holdings in Hexcel by 264.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 12,279 shares of the aerospace company’s stock valued at $994,000 after acquiring an additional 8,907 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HXL. Jefferies Financial Group upped their target price on shares of Hexcel from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, July 6th. KeyCorp started coverage on shares of Hexcel in a research note on Wednesday, March 25th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $79.00 price objective on shares of Hexcel in a research note on Friday, April 24th. Wells Fargo & Company assumed coverage on Hexcel in a report on Wednesday, April 1st. They issued an “overweight” rating and a $95.00 target price for the company. Finally, BMO Capital Markets raised their target price on Hexcel from $85.00 to $97.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $94.00.

Check Out Our Latest Research Report on Hexcel

Hexcel Trading Up 1.9%

Hexcel stock opened at $103.63 on Friday. The stock has a 50-day simple moving average of $94.57 and a 200 day simple moving average of $88.17. The stock has a market capitalization of $7.82 billion, a P/E ratio of 68.18, a PEG ratio of 1.55 and a beta of 1.05. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.37 and a current ratio of 2.45. Hexcel Corporation has a 52 week low of $58.20 and a 52 week high of $104.39.

Hexcel (NYSE:HXLGet Free Report) last released its quarterly earnings results 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. The business had revenue of $501.50 million during the quarter, compared to the consensus estimate of $488.11 million. Hexcel had a return on equity of 11.08% and a net margin of 6.07%.The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 EPS. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. Analysts expect that Hexcel Corporation will post 2.26 earnings per share for the current year.

Hexcel Dividend Announcement

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

Hexcel Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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