PenderFund Capital Management Ltd. Makes New Investment in Hexcel Corporation $HXL

PenderFund Capital Management Ltd. bought a new position in Hexcel Corporation (NYSE:HXL) during the second quarter, HoldingsChannel.com reports. The fund bought 9,121 shares of the aerospace company’s stock, valued at approximately $913,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Hexcel in the 2nd quarter worth about $1,422,742,000. Price T Rowe Associates Inc. MD grew its position in Hexcel by 18.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,104,121 shares of the aerospace company’s stock valued at $377,196,000 after purchasing an additional 790,320 shares during the last quarter. State Street Corp increased its stake in Hexcel by 4.3% during the 2nd quarter. State Street Corp now owns 4,690,924 shares of the aerospace company’s stock valued at $264,990,000 after purchasing an additional 191,649 shares in the last quarter. Brandes Investment Partners LP raised its holdings in Hexcel by 0.3% in the fourth quarter. Brandes Investment Partners LP now owns 2,506,068 shares of the aerospace company’s stock worth $185,199,000 after buying an additional 7,371 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Hexcel by 5.9% in the second quarter. Bank of America Corp DE now owns 2,283,626 shares of the aerospace company’s stock worth $129,002,000 after buying an additional 126,338 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Hexcel Stock Performance

HXL stock opened at $94.56 on Friday. The company has a market cap of $7.15 billion, a P/E ratio of 47.52, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06. Hexcel Corporation has a 1 year low of $60.26 and a 1 year high of $111.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.37. The stock’s fifty day moving average price is $100.97 and its 200-day moving average price is $92.59.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $0.66 EPS for the quarter, topping 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 analyst estimates of $528.08 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. Hexcel’s revenue was up 8.0% compared to the same quarter last year. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. On average, equities analysts forecast that Hexcel Corporation will post 2.36 earnings per share for the current year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. Hexcel’s payout ratio is currently 36.18%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wolfe Research downgraded shares of Hexcel from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of Hexcel from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $100.00 price objective on shares of Hexcel in a report on Tuesday, August 4th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $110.00 price objective on shares of Hexcel in a research report on Sunday, August 2nd. Finally, Bank of America downgraded Hexcel from a “peer perform” rating to a “market perform” rating and set a $110.00 target price on the stock. in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hexcel currently has a consensus rating of “Hold” and a consensus target price of $107.18.

Insider Activity at Hexcel

In other news, insider Gina Fitzsimons sold 9,675 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $103.14, for a total transaction of $997,879.50. Following the completion of the sale, the insider owned 7,712 shares of the company’s stock, valued at $795,415.68. This represents a 55.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.84% of the stock is owned by insiders.

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.