Hexcel (NYSE:HXL) Stock Gets Price Target Reduction from Royal Bank Of Canada

Hexcel (NYSE:HXL – Free Report) had its target price decreased by Royal Bank Of Canada from $115.00 to $105.00 in a research report released on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the aerospace company’s stock.

HXL has been the subject of several other reports. Jefferies Financial Group lowered their target price on Hexcel from $110.00 to $98.00 and set a “hold” rating for the company in a research note on Monday, September 28th. Wells Fargo & Company dropped their target price on Hexcel from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th. Wolfe Research lowered Hexcel from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 31st. The Goldman Sachs Group raised their price target on Hexcel from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Finally, Morgan Stanley raised their price target on Hexcel from $97.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $104.33.

Check Out Our Latest Analysis on Hexcel

Hexcel Price Performance

HXL opened at $90.24 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.37. The stock has a market capitalization of $6.82 billion, a P/E ratio of 45.35, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10. The company’s 50 day simple moving average is $91.15 and its 200-day simple moving average is $93.04. Hexcel has a one year low of $60.82 and a one year high of $111.74.

Hexcel (NYSE:HXL – Get Free Report) last posted its quarterly earnings data 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 net margin of 7.76% and a return on equity of 12.34%. The firm had revenue of $529.30 million during the quarter, compared to analysts’ expectations of $528.08 million. During the same quarter in the previous year, the company posted $0.50 EPS. Hexcel’s revenue was up 8.0% on a year-over-year basis. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. Sell-side analysts anticipate that Hexcel will post 2.36 earnings per share for the current fiscal year.

Hexcel Announces Dividend

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

Insiders Place Their Bets

In other news, insider Gail E. Lehman sold 13,829 shares of the stock in a transaction 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 transaction, the insider owned 20,148 shares of the company’s stock, valued at $1,855,630.80. This represents a 40.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gina Fitzsimons sold 9,675 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider owned 7,712 shares in the company, valued at $795,415.68. This represents a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.84% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hexcel

A number of institutional investors have recently made changes to their positions in HXL. TD Waterhouse Canada Inc. boosted its stake in Hexcel by 541.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,540 shares of the aerospace company’s stock worth $134,000 after acquiring an additional 1,300 shares during the last quarter. Krilogy Financial LLC grew its holdings in Hexcel by 3.0% during the third quarter. Krilogy Financial LLC now owns 5,887 shares of the aerospace company’s stock valued at $500,000 after purchasing an additional 170 shares during the period. Contravisory Investment Management Inc. bought a new stake in Hexcel in the third quarter valued at approximately $7,155,000. Wedmont Private Capital increased its stake in Hexcel by 18.8% in the third quarter. Wedmont Private Capital now owns 2,657 shares of the aerospace company’s stock valued at $226,000 after purchasing an additional 420 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Hexcel by 45.9% in the third quarter. GAMMA Investing LLC now owns 5,060 shares of the aerospace company’s stock worth $425,000 after purchasing an additional 1,593 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Hexcel (NYSE:HXL)

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