Other research analysts have also issued research reports about the company. Credit Suisse Group upped their price objective on Hexcel from $72.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Bank of America reaffirmed a “buy” rating and set a $90.00 price objective (down previously from $95.00) on shares of Hexcel in a report on Wednesday, July 24th. Barclays reaffirmed a “hold” rating and set a $77.00 price objective on shares of Hexcel in a report on Sunday, May 26th. UBS Group raised Hexcel from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $67.00 to $76.00 in a report on Thursday, May 23rd. Finally, BMO Capital Markets upped their price objective on Hexcel from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $81.05.
NYSE:HXL opened at $81.31 on Wednesday. The firm has a market cap of $7.00 billion, a P/E ratio of 26.66, a PEG ratio of 2.27 and a beta of 1.04. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 0.77. The stock’s 50 day simple moving average is $81.91 and its 200-day simple moving average is $75.47. Hexcel has a 12-month low of $53.50 and a 12-month high of $87.00.
Hexcel (NYSE:HXL) last announced its quarterly earnings data on Monday, July 22nd. The aerospace company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.06. Hexcel had a return on equity of 21.45% and a net margin of 12.90%. The firm had revenue of $609.00 million for the quarter, compared to analyst estimates of $606.03 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. Hexcel’s quarterly revenue was up 11.2% on a year-over-year basis. Research analysts forecast that Hexcel will post 3.52 EPS for the current fiscal year.
In other Hexcel news, insider Robert George Hennemuth sold 37,544 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $83.56, for a total transaction of $3,137,176.64. Following the sale, the insider now directly owns 73,046 shares in the company, valued at $6,103,723.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Nick L. Stanage sold 15,662 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $85.75, for a total value of $1,343,016.50. Following the sale, the chief executive officer now owns 256,853 shares in the company, valued at $22,025,144.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,623 shares of company stock worth $4,840,665. 1.40% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of HXL. Nuveen Asset Management LLC purchased a new stake in shares of Hexcel in the second quarter valued at $83,589,000. Atlanta Capital Management Co. L L C purchased a new stake in shares of Hexcel in the second quarter valued at $63,334,000. Invesco Ltd. lifted its position in shares of Hexcel by 215.2% in the second quarter. Invesco Ltd. now owns 1,132,300 shares of the aerospace company’s stock valued at $91,580,000 after acquiring an additional 773,112 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Hexcel by 12.6% in the second quarter. TimesSquare Capital Management LLC now owns 1,506,260 shares of the aerospace company’s stock valued at $121,826,000 after acquiring an additional 168,360 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Hexcel by 21.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 815,343 shares of the aerospace company’s stock valued at $65,945,000 after acquiring an additional 144,760 shares in the last quarter. Institutional investors and hedge funds own 95.03% of the company’s stock.
Hexcel Company Profile
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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