Bessemer Group Inc. Purchases 166,617 Shares of Hexcel Corporation $HXL

Bessemer Group Inc. increased its position in Hexcel Corporation (NYSE:HXL) by 2,580.8% in the first quarter, HoldingsChannel reports. The firm owned 173,073 shares of the aerospace company’s stock after purchasing an additional 166,617 shares during the quarter. Bessemer Group Inc.’s holdings in Hexcel were worth $14,008,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in Hexcel by 2.3% in the first quarter. Sequoia Financial Advisors LLC now owns 5,340 shares of the aerospace company’s stock worth $432,000 after purchasing an additional 119 shares during the period. Clearstead Advisors LLC lifted its position in Hexcel by 18.2% during the fourth quarter. Clearstead Advisors LLC now owns 817 shares of the aerospace company’s stock valued at $60,000 after buying an additional 126 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Hexcel by 1.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,928 shares of the aerospace company’s stock valued at $881,000 after buying an additional 128 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Hexcel by 14.5% during the 3rd quarter. Allworth Financial LP now owns 1,135 shares of the aerospace company’s stock valued at $71,000 after buying an additional 144 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Hexcel by 21.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 924 shares of the aerospace company’s stock worth $52,000 after buying an additional 165 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Hexcel Trading Up 1.9%

Shares of NYSE HXL opened at $103.63 on Friday. The firm’s 50 day moving average price is $94.57 and its 200-day moving average price is $88.17. Hexcel Corporation has a 52-week low of $58.20 and a 52-week high of $104.39. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.37 and a current ratio of 2.45. The company has a market cap of $7.82 billion, a PE ratio of 68.18, a P/E/G ratio of 1.59 and a beta of 1.05.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, April 22nd. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.17. The firm had revenue of $501.50 million for the quarter, compared to the consensus estimate of $488.11 million. Hexcel had a return on equity of 11.08% and a net margin of 6.07%.The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. On average, equities research analysts expect that Hexcel Corporation will post 2.26 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.7%. Hexcel’s dividend payout ratio (DPR) is presently 47.37%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HXL. Weiss Ratings reiterated a “hold (c)” rating on shares of Hexcel in a research note on Tuesday, April 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $105.00 price objective on shares of Hexcel in a research note on Friday, April 24th. TD Cowen upped their price objective on shares of Hexcel from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Wells Fargo & Company assumed coverage on shares of Hexcel in a research note on Wednesday, April 1st. They set an “overweight” rating and a $95.00 target price for the company. Finally, KeyCorp began coverage on shares of Hexcel in a report on Wednesday, March 25th. They set a “sector weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $94.00.

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.