Grandfield & Dodd LLC purchased a new stake in shares of Hexcel Corporation (NYSE:HXL – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 326,916 shares of the aerospace company’s stock, valued at approximately $32,711,000. Hexcel comprises approximately 1.7% of Grandfield & Dodd LLC’s holdings, making the stock its 14th largest position. Grandfield & Dodd LLC owned approximately 0.43% of Hexcel as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. bought a new stake in Hexcel in the 1st quarter worth approximately $28,000. Prosperity Bancshares Inc bought a new position in shares of Hexcel during the 4th quarter valued at approximately $36,000. Cedar Mountain Advisors LLC bought a new position in shares of Hexcel during the 1st quarter valued at approximately $37,000. Transamerica Financial Advisors LLC grew its holdings in shares of Hexcel by 181.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 506 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 326 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Hexcel in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.
Insider Activity
In other Hexcel news, insider Gina Fitzsimons sold 9,675 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $103.14, for a total transaction of $997,879.50. Following the completion of the transaction, the insider owned 7,712 shares in the company, valued at $795,415.68. The trade was a 55.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.84% of the stock is owned by company insiders.
Hexcel Trading Down 1.1%
Hexcel (NYSE:HXL – Get Free Report) last released its earnings results on Wednesday, July 29th. The aerospace company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.09. Hexcel had a net margin of 7.76% and a return on equity of 12.34%. The firm had revenue of $529.30 million during the quarter, compared to analyst estimates of $528.08 million. During the same quarter last year, the business earned $0.50 EPS. The business’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, analysts anticipate that Hexcel Corporation will post 2.36 earnings per share for the current year.
Hexcel Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.72 annualized dividend and a yield of 0.7%. Hexcel’s dividend payout ratio (DPR) is presently 36.18%.
Analyst Upgrades and Downgrades
HXL has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $110.00 price target on shares of Hexcel in a research note on Sunday, August 2nd. Morgan Stanley increased their price target on shares of Hexcel from $97.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Royal Bank Of Canada boosted their price objective on Hexcel from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $100.00 price objective on shares of Hexcel in a research report on Tuesday, August 4th. Finally, Wall Street Zen lowered Hexcel from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $107.18.
Get Our Latest Stock Analysis on Hexcel
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.
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