Ingalls & Snyder LLC Sells 8,536 Shares of Hexcel Corporation $HXL

Ingalls & Snyder LLC reduced its stake in shares of Hexcel Corporation (NYSE:HXL) by 2.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 344,648 shares of the aerospace company’s stock after selling 8,536 shares during the quarter. Hexcel makes up approximately 0.7% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 27th largest position. Ingalls & Snyder LLC’s holdings in Hexcel were worth $21,609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HXL. Sequoia Financial Advisors LLC boosted its holdings in shares of Hexcel by 4.1% in the third quarter. Sequoia Financial Advisors LLC now owns 3,879 shares of the aerospace company’s stock valued at $243,000 after purchasing an additional 154 shares during the period. Geneos Wealth Management Inc. raised its position in Hexcel by 21.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 924 shares of the aerospace company’s stock valued at $52,000 after purchasing an additional 165 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Hexcel by 3.7% in the 2nd quarter. ProShare Advisors LLC now owns 4,779 shares of the aerospace company’s stock worth $270,000 after buying an additional 172 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of Hexcel by 0.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 58,299 shares of the aerospace company’s stock worth $3,655,000 after buying an additional 259 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Hexcel by 57.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 786 shares of the aerospace company’s stock valued at $44,000 after buying an additional 288 shares during the period. Institutional investors own 95.47% of the company’s stock.

Hexcel Trading Down 0.8%

NYSE HXL opened at $89.08 on Wednesday. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $93.14. The company has a 50 day moving average price of $80.28 and a 200 day moving average price of $71.25. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.79. The firm has a market cap of $6.76 billion, a PE ratio of 64.55, a price-to-earnings-growth ratio of 1.37 and a beta of 1.06.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The business had revenue of $491.30 million for the quarter, compared to analyst estimates of $484.46 million. Hexcel had a net margin of 5.78% and a return on equity of 9.54%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. As a group, sell-side analysts forecast 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 was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $0.72 annualized dividend and a yield of 0.8%. This is an increase from Hexcel’s previous quarterly dividend of $0.17. Hexcel’s dividend payout ratio is currently 52.17%.

Analyst Ratings Changes

HXL has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a research note on Thursday, January 22nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $85.00 price target on shares of Hexcel in a research report on Friday, January 30th. Citigroup reiterated a “reduce” rating on shares of Hexcel in a research note on Thursday, October 23rd. Truist Financial set a $94.00 price objective on shares of Hexcel in a research note on Friday, January 30th. Finally, Jefferies Financial Group increased their target price on Hexcel from $75.00 to $90.00 and gave the company a “hold” rating in a research report on Sunday, February 1st. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average 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.