Wall Street Zen downgraded shares of Hexcel (NYSE:HXL – Free Report) from a buy rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.
Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group dropped their price objective on shares of Hexcel from $110.00 to $98.00 and set a “hold” rating on the stock in a report on Monday, September 28th. The Goldman Sachs Group boosted their price target on Hexcel from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Seaport Research Partners raised shares of Hexcel from a “neutral” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Sunday, October 11th. Weiss Ratings upgraded Hexcel from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $100.00 target price on shares of Hexcel in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Hexcel currently has a consensus rating of “Hold” and a consensus price target of $101.67.
View Our Latest Report on Hexcel
Hexcel Stock Performance
Shares of HXL opened at $79.82 on Friday. The business’s 50 day moving average price is $89.41 and its 200-day moving average price is $90.57. The company has a quick ratio of 1.42, a current ratio of 2.57 and a debt-to-equity ratio of 0.71. The stock has a market cap of $6.04 billion, a P/E ratio of 35.79, a P/E/G ratio of 1.09 and a beta of 1.10. Hexcel has a 52 week low of $67.38 and a 52 week high of $111.74.
Hexcel (NYSE:HXL – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $496.40 million for the quarter, compared to analysts’ expectations of $501.95 million. Hexcel had a net margin of 8.50% and a return on equity of 13.57%. Hexcel’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. Equities research analysts anticipate that Hexcel will post 2.38 earnings per share for the current fiscal year.
Hexcel Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, November 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. Hexcel’s dividend payout ratio (DPR) is currently 32.29%.
Insider Buying and Selling at Hexcel
In related news, insider Gina Fitzsimons sold 9,675 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $103.14, for a total transaction of $997,879.50. Following the completion of the sale, the insider directly owned 7,712 shares in the company, valued at $795,415.68. This represents a 55.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gail Lehman sold 13,829 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $92.10, for a total transaction of $1,273,650.90. Following the sale, the insider directly owned 20,148 shares of the company’s stock, valued at approximately $1,855,630.80. The trade was a 40.70% 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 company insiders.
Hedge Funds Weigh In On Hexcel
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HXL. BlackRock Inc. purchased a new position in shares of Hexcel during the second quarter worth $1,422,742,000. Bank of America Corp DE acquired a new position in Hexcel during the second quarter valued at $216,948,000. Bank of New York Mellon Corp purchased a new stake in Hexcel in the second quarter valued at $51,460,000. The Manufacturers Life Insurance Company purchased a new stake in Hexcel in the second quarter valued at $39,649,000. Finally, Squarepoint Ops LLC boosted its holdings in Hexcel by 26.8% in the second quarter. Squarepoint Ops LLC now owns 343,283 shares of the aerospace company’s stock valued at $34,349,000 after purchasing an additional 72,660 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.
About Hexcel
Hexcel Corporation is an advanced materials company that develops and manufactures lightweight, high-performance composite materials and structural components. Its products are designed to improve strength, durability, fuel efficiency, and performance across demanding applications.
The company’s portfolio includes carbon fiber, fiberglass, specialty reinforcements, prepregs, adhesives, honeycomb materials, engineered core products, and composite structures. These materials and components are used in commercial aircraft, military and space systems, helicopters, wind turbine blades, and various industrial applications.
Hexcel serves customers worldwide through manufacturing, research, and distribution operations in North America, Europe, Asia, and other international markets.
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