Hexcel (NYSE:HXL – Get Free Report) was upgraded by investment analysts at Guggenheim to a “strong-buy” rating in a report released on Monday, Zacks reports.
A number of other equities research analysts have also recently commented on HXL. Wolfe Research cut shares of Hexcel from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 31st. Wells Fargo & Company boosted their price target on shares of Hexcel from $95.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $100.00 price objective on shares of Hexcel in a research note on Tuesday, August 4th. UBS Group increased their price objective on shares of Hexcel from $113.00 to $126.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group raised their target price on shares of Hexcel from $88.00 to $97.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and an average price target of $108.25.
Read Our Latest Stock Analysis on HXL
Hexcel Stock Performance
Hexcel (NYSE:HXL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. The firm had revenue of $529.30 million during the quarter, compared to analysts’ expectations of $528.08 million. Hexcel had a return on equity of 12.34% and a net margin of 7.76%.The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. As a group, equities research analysts expect that Hexcel will post 2.36 earnings per share for the current fiscal year.
Insider Activity at Hexcel
In related news, insider Gina Fitzsimons sold 9,675 shares of the company’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 value of $997,879.50. Following the transaction, the insider directly owned 7,712 shares in the company, valued at approximately $795,415.68. This represents a 55.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gail Lehman sold 13,829 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $92.10, for a total value of $1,273,650.90. Following the completion of the transaction, the insider owned 20,148 shares of the company’s stock, valued at $1,855,630.80. The trade was a 40.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.84% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Hexcel
Hedge funds have recently modified their holdings of the business. Amundi increased its position in shares of Hexcel by 124.4% during the 2nd quarter. Amundi now owns 139,357 shares of the aerospace company’s stock worth $13,944,000 after purchasing an additional 77,268 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Hexcel by 3,435.4% in 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 last quarter. Redwood Investment Management LLC acquired a new position in Hexcel in the first quarter valued at about $1,054,000. BlackRock Inc. purchased a new position in Hexcel during the second quarter worth about $1,422,742,000. Finally, First Trust Advisors LP boosted its stake in Hexcel by 28.7% during the first quarter. First Trust Advisors LP now owns 235,425 shares of the aerospace company’s stock worth $19,053,000 after buying an additional 52,506 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.
Hexcel Company Profile
Hexcel Corporation (NYSE:HXL) develops and manufactures advanced composite materials and structural solutions for the aerospace, defense, space, and industrial markets. Its products are designed to provide high strength and stiffness while reducing weight compared with many traditional materials.
The company’s portfolio includes carbon fibers, specialty reinforcements, prepregs, honeycomb sandwich structures, adhesives, and composite tooling materials. These products are used in aircraft structures, helicopter components, rocket and satellite systems, wind turbine blades, and other applications that require lightweight, durable, and high-performance materials.
Hexcel traces its history to 1946 and serves customers through manufacturing operations and commercial activities in North America, Europe, and Asia-Pacific.
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