Royal Bank of Canada Lowers Stock Position in Hexcel Corporation $HXL

Royal Bank of Canada trimmed its holdings in Hexcel Corporation (NYSE:HXL) by 10.8% during the first quarter, HoldingsChannel.com reports. The fund owned 93,874 shares of the aerospace company’s stock after selling 11,314 shares during the period. Royal Bank of Canada’s holdings in Hexcel were worth $7,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the business. GHP Investment Advisors Inc. acquired a new position in shares of Hexcel during the 1st quarter worth $28,000. Prosperity Bancshares Inc acquired a new stake in shares of Hexcel in the fourth quarter valued at about $36,000. Transamerica Financial Advisors LLC boosted its holdings in Hexcel by 181.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 506 shares of the aerospace company’s stock worth $37,000 after buying an additional 326 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new position in Hexcel during the first quarter worth about $37,000. Finally, Leonteq Securities AG acquired a new position in Hexcel during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Down 2.9%

Shares of NYSE HXL opened at $100.40 on Tuesday. The firm has a market cap of $7.59 billion, a P/E ratio of 50.45, a price-to-earnings-growth ratio of 1.48 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.37 and a current ratio of 2.43. Hexcel Corporation has a 1 year low of $59.79 and a 1 year high of $111.74. The firm’s 50 day moving average price is $99.86 and its 200 day moving average price is $91.20.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. Hexcel had a return on equity of 12.34% and a net margin of 7.76%.The company had revenue of $529.30 million during the quarter, compared to the consensus estimate of $528.08 million. During the same period in the previous year, the firm posted $0.50 EPS. Hexcel’s revenue was up 8.0% on a year-over-year basis. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. As a group, sell-side analysts anticipate that Hexcel Corporation will post 2.36 earnings per share for the current year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 10th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, August 10th. Hexcel’s dividend payout ratio is presently 36.18%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HXL. Weiss Ratings upgraded shares of Hexcel from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. TD Cowen upped their price target on Hexcel from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Monday, July 13th. UBS Group lifted their price objective on Hexcel from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Morgan Stanley boosted their target price on Hexcel from $97.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Finally, Royal Bank Of Canada upped their target price on Hexcel from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hexcel presently has an average rating of “Hold” and a consensus target price of $107.18.

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.