A number of other research analysts have also issued reports on the company. Cowen reissued a “buy” rating and issued a $75.00 target price on shares of Hexcel in a report on Wednesday, April 24th. Zacks Investment Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a report on Tuesday, July 2nd. UBS Group raised Hexcel from a “sell” rating to a “neutral” rating and boosted their target price for the company from $67.00 to $76.00 in a report on Thursday, May 23rd. Bank of America reissued a “buy” rating and issued a $90.00 target price (down previously from $95.00) on shares of Hexcel in a report on Wednesday, July 24th. Finally, Canaccord Genuity boosted their target price on Hexcel from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Hexcel presently has a consensus rating of “Hold” and an average target price of $81.78.
NYSE:HXL opened at $79.43 on Tuesday. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.13 and a beta of 1.09. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.28 and a current ratio of 2.22. The company has a 50 day moving average of $80.66. Hexcel has a 12-month low of $53.50 and a 12-month high of $85.63.
Hexcel (NYSE:HXL) last released its earnings results on Monday, July 22nd. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.06. The business had revenue of $609.00 million for the quarter, compared to analyst estimates of $606.03 million. Hexcel had a return on equity of 21.45% and a net margin of 12.90%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. On average, analysts expect that Hexcel will post 3.52 earnings per share for the current fiscal year.
In other Hexcel news, insider Thierry Merlot sold 6,100 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $73.71, for a total transaction of $449,631.00. Following the sale, the insider now directly owns 33,864 shares in the company, valued at $2,496,115.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kimberly A. Hendricks sold 3,500 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $76.00, for a total value of $266,000.00. Following the sale, the insider now owns 30,843 shares in the company, valued at $2,344,068. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,333 shares of company stock worth $770,283. Company insiders own 1.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BB&T Securities LLC increased its stake in Hexcel by 7.7% in the second quarter. BB&T Securities LLC now owns 23,821 shares of the aerospace company’s stock valued at $1,926,000 after purchasing an additional 1,711 shares during the last quarter. Menta Capital LLC increased its stake in Hexcel by 25.5% in the second quarter. Menta Capital LLC now owns 11,545 shares of the aerospace company’s stock valued at $934,000 after purchasing an additional 2,345 shares during the last quarter. Bridges Investment Management Inc. acquired a new position in Hexcel in the second quarter valued at $445,000. Ameritas Investment Corp acquired a new position in Hexcel in the second quarter valued at $1,071,000. Finally, Calamos Advisors LLC acquired a new position in Hexcel in the second quarter valued at $412,000. Institutional investors own 92.37% of the company’s stock.
Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.
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