Hexcel Corporation (NYSE:HXL – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $111.99 and last traded at $111.99, with a volume of 517 shares traded. The stock had previously closed at $110.28.
Wall Street Analysts Forecast Growth
HXL has been the subject of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Hexcel in a report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Hexcel in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $79.00 price target on shares of Hexcel in a research note on Friday, April 24th. Jefferies Financial Group lifted their price objective on shares of Hexcel from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Finally, BMO Capital Markets boosted their target price on shares of Hexcel from $85.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $94.00.
Hexcel Stock Performance
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Altfest L J & Co. Inc. bought a new position in shares of Hexcel in the fourth quarter worth $914,000. Northwestern Mutual Wealth Management Co. boosted its stake in Hexcel by 3,435.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 42,920 shares of the aerospace company’s stock valued at $3,172,000 after buying an additional 41,706 shares during the period. Massachusetts Financial Services Co. MA grew its position in Hexcel by 23.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,289,145 shares of the aerospace company’s stock worth $169,168,000 after buying an additional 428,541 shares in the last quarter. M&T Bank Corp bought a new position in Hexcel in the 4th quarter worth about $1,621,000. Finally, Willis Investment Counsel raised its holdings in shares of Hexcel by 42.1% in the 4th quarter. Willis Investment Counsel now owns 41,437 shares of the aerospace company’s stock valued at $3,062,000 after acquiring an additional 12,272 shares in the last quarter. 95.47% of the stock is owned by institutional investors.
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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