JPMorgan Chase & Co. Has $83.77 Million Stake in Hexcel Corporation $HXL

JPMorgan Chase & Co. increased its position in shares of Hexcel Corporation (NYSE:HXL) by 20.9% during the third quarter, HoldingsChannel reports. The fund owned 1,335,987 shares of the aerospace company’s stock after buying an additional 230,781 shares during the quarter. JPMorgan Chase & Co.’s holdings in Hexcel were worth $83,767,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HXL. New York State Common Retirement Fund boosted its position in Hexcel by 25.8% during the 3rd quarter. New York State Common Retirement Fund now owns 421,980 shares of the aerospace company’s stock worth $26,458,000 after buying an additional 86,625 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in shares of Hexcel by 12.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 403,881 shares of the aerospace company’s stock valued at $25,323,000 after buying an additional 45,061 shares during the last quarter. Madison Asset Management LLC acquired a new position in shares of Hexcel in the third quarter worth approximately $1,410,000. Barclays PLC raised its holdings in Hexcel by 124.0% during the 3rd quarter. Barclays PLC now owns 347,156 shares of the aerospace company’s stock worth $21,767,000 after purchasing an additional 192,190 shares during the last quarter. Finally, Leeward Investments LLC MA raised its stake in Hexcel by 33.4% during the third quarter. Leeward Investments LLC MA now owns 371,161 shares of the aerospace company’s stock worth $23,272,000 after buying an additional 92,892 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Amy S. Evans sold 1,500 shares of the business’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 sale, the insider directly owned 1,979 shares in the company, valued at $183,651.20. The trade was a 43.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.39% of the stock is owned by company insiders.

Hexcel Trading Up 0.2%

Hexcel stock opened at $81.10 on Thursday. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 58.77, a price-to-earnings-growth ratio of 1.24 and a beta of 1.01. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79. The business’s fifty day simple moving average is $85.65 and its two-hundred day simple moving average is $74.99. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $95.22.

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

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were issued a dividend of $0.18 per share. 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 annualized dividend and a dividend yield of 0.9%. Hexcel’s payout ratio is currently 52.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Hexcel from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Jefferies Financial Group raised their price target on shares of Hexcel from $75.00 to $90.00 and gave the company a “hold” rating in a research report on Sunday, February 1st. Bank of America upgraded shares of Hexcel from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $60.00 to $95.00 in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hexcel in a research note on Thursday, January 22nd. Finally, Truist Financial set a $94.00 target price on shares of Hexcel in a research note on Friday, January 30th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $82.17.

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.