PenderFund Capital Management Ltd. Takes Position in Hexcel Corporation $HXL

PenderFund Capital Management Ltd. bought a new stake in shares of Hexcel Corporation (NYSE:HXL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,121 shares of the aerospace company’s stock, valued at approximately $913,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Hexcel during the second quarter valued at about $1,422,742,000. Bank of America Corp DE purchased a new position in shares of Hexcel in the second quarter worth about $216,948,000. Alliancebernstein L.P. increased its holdings in shares of Hexcel by 1,918.9% in the second quarter. Alliancebernstein L.P. now owns 2,178,259 shares of the aerospace company’s stock worth $123,050,000 after buying an additional 2,070,366 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of Hexcel in the 3rd quarter valued at about $123,233,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Hexcel by 18.3% in 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 acquiring an additional 790,320 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Hexcel Stock Performance

Shares of HXL stock opened at $94.56 on Friday. Hexcel Corporation has a 12 month low of $60.26 and a 12 month high of $111.74. The stock has a market cap of $7.15 billion, a PE ratio of 47.52, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06. The company has a current ratio of 2.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.74. The company’s fifty day moving average price is $100.97 and its 200-day moving average price is $92.59.

Hexcel (NYSE:HXL) last released its earnings results on Wednesday, July 29th. The aerospace company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $528.08 million. During the same period in the prior year, the firm earned $0.50 EPS. The company’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 expect that Hexcel Corporation will post 2.36 EPS for the current fiscal year.

Hexcel Announces Dividend

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

Analyst Upgrades and Downgrades

HXL has been the topic of several recent research reports. Wall Street Zen lowered Hexcel from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Royal Bank Of Canada boosted their price objective on Hexcel from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Jefferies Financial Group reissued a “hold” rating and set a $110.00 price objective on shares of Hexcel in a research note on Sunday, August 2nd. TD Cowen raised their target price on shares of Hexcel from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Finally, Wolfe Research downgraded shares of Hexcel from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $107.18.

Insider Buying and Selling at Hexcel

In other Hexcel news, insider Gina Fitzsimons sold 9,675 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 7,712 shares of the company’s stock, valued at approximately $795,415.68. This trade represents a 55.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.84% of the company’s stock.

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.