Hexcel (NYSE:HXL) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
A number of other analysts have also commented on the stock. UBS Group assumed coverage on shares of Hexcel in a report on Wednesday, August 15th. They set a “sell” rating and a $65.00 target price for the company. Stephens set a $80.00 target price on shares of Hexcel and gave the stock a “buy” rating in a report on Wednesday, July 25th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $80.00 price target on shares of Hexcel in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $73.17.
HXL opened at $60.99 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.41 and a quick ratio of 1.37. Hexcel has a 52 week low of $58.12 and a 52 week high of $73.42. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 2.62 and a beta of 1.14.
Hexcel (NYSE:HXL) last released its earnings results on Monday, July 23rd. The aerospace company reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. Hexcel had a net margin of 13.78% and a return on equity of 17.56%. The firm had revenue of $547.50 million during the quarter, compared to analyst estimates of $541.92 million. During the same quarter in the previous year, the business earned $0.67 EPS. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities analysts expect that Hexcel will post 3.03 EPS for the current year.
In other news, Director Jeffrey A. Graves purchased 1,550 shares of the firm’s stock in a transaction dated Friday, July 27th. The stock was bought at an average price of $69.00 per share, with a total value of $106,950.00. Following the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at $207,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in HXL. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Hexcel in the 1st quarter valued at $209,000. Northern Trust Corp lifted its position in Hexcel by 4.3% in the 1st quarter. Northern Trust Corp now owns 475,829 shares of the aerospace company’s stock valued at $30,733,000 after acquiring an additional 19,783 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Hexcel by 8.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 23,712 shares of the aerospace company’s stock valued at $1,532,000 after acquiring an additional 1,864 shares in the last quarter. Sei Investments Co. lifted its position in Hexcel by 23.4% in the 1st quarter. Sei Investments Co. now owns 81,127 shares of the aerospace company’s stock valued at $5,241,000 after acquiring an additional 15,360 shares in the last quarter. Finally, UBS Group AG lifted its position in Hexcel by 171.7% in the 1st quarter. UBS Group AG now owns 49,925 shares of the aerospace company’s stock valued at $3,225,000 after acquiring an additional 31,552 shares in the last quarter. 97.94% of the stock is owned by institutional investors.
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. The company 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, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blade, recreational product, and other industrial applications, as well as in cars, boats, and trains.
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