Hexcel (NYSE:HXL – Get Free Report) had its price target dropped by equities research analysts at TD Cowen from $115.00 to $90.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. TD Cowen’s target price points to a potential upside of 5.56% from the company’s previous close.
Several other analysts also recently weighed in on HXL. Jefferies Financial Group dropped their target price on shares of Hexcel from $110.00 to $98.00 and set a “hold” rating on the stock in a research report on Monday, September 28th. UBS Group lifted their price objective on shares of Hexcel from $113.00 to $126.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Royal Bank Of Canada reissued an “outperform” rating and set a $115.00 price objective on shares of Hexcel in a report on Wednesday, September 23rd. The Goldman Sachs Group upped their target price on Hexcel from $88.00 to $97.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen lowered Hexcel from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $105.17.
Read Our Latest Report on Hexcel
Hexcel Stock Up 0.2%
Hexcel (NYSE:HXL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $0.66 earnings per share 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 business had revenue of $529.30 million during the quarter, compared to the consensus estimate of $528.08 million. During the same quarter last year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. On average, analysts forecast that Hexcel will post 2.36 EPS for the current year.
Insider Buying and Selling at Hexcel
In other news, insider Gina Fitzsimons sold 9,675 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $103.14, for a total value of $997,879.50. Following the completion of the transaction, the insider owned 7,712 shares of the company’s stock, valued at $795,415.68. The trade was a 55.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gail E. Lehman sold 13,829 shares of the company’s stock in a transaction dated 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 sale, the insider owned 20,148 shares in the company, valued at $1,855,630.80. The trade was a 40.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.84% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Amundi raised its position in Hexcel by 124.4% during the second quarter. Amundi now owns 139,357 shares of the aerospace company’s stock worth $13,944,000 after acquiring an additional 77,268 shares during the period. Bank of America Corp DE acquired a new stake in shares of Hexcel in the second quarter valued at about $216,948,000. Corient Private Wealth LP purchased a new stake in shares of Hexcel during the second quarter worth about $3,260,000. Redwood Investment Management LLC purchased a new stake in shares of Hexcel during the first quarter worth about $1,054,000. Finally, BlackRock Inc. acquired a new position in shares of Hexcel during the 2nd quarter worth about $1,422,742,000. 95.47% of the stock is owned by institutional investors and hedge funds.
About Hexcel
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 help customers reduce weight, improve performance, and increase fuel efficiency in aircraft and other demanding applications.
The company’s product portfolio includes carbon fiber, specialty reinforcements, prepreg materials, honeycomb cores, adhesives, and other composite technologies. Hexcel also produces engineered composite structures and components used in commercial aircraft, military aircraft, helicopters, launch vehicles, satellites, and various industrial applications, including wind energy and transportation.
Hexcel traces its roots to the development of lightweight honeycomb materials in the mid-20th century and has expanded through research, manufacturing, and acquisitions into a global composites supplier.
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