According to Zacks, “HEXCEL CORP. is an international developer and manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets. “
A number of other equities research analysts have also recently commented on HXL. Canaccord Genuity set a $48.00 target price on Hexcel Corp. and gave the stock a hold rating in a research note on Wednesday, July 20th. Bank of America Corp. cut Hexcel Corp. from a buy rating to a neutral rating and set a $50.00 target price on the stock. in a research note on Friday, July 29th. Finally, Jefferies Group reiterated a hold rating and set a $44.00 target price on shares of Hexcel Corp. in a research note on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $48.70.
Shares of Hexcel Corp. (NYSE:HXL) opened at 42.52 on Tuesday. The company’s 50-day moving average is $43.80 and its 200 day moving average is $43.71. Hexcel Corp. has a 52-week low of $37.54 and a 52-week high of $48.33. The company has a market cap of $3.93 billion, a PE ratio of 17.67 and a beta of 0.98.
Hexcel Corp. (NYSE:HXL) last released its earnings results on Wednesday, July 20th. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. The company had revenue of $522.60 million for the quarter, compared to analysts’ expectations of $504.31 million. Hexcel Corp. had a return on equity of 19.06% and a net margin of 11.87%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS. On average, analysts anticipate that Hexcel Corp. will post $2.54 EPS for the current year.
In related news, SVP Robert George Hennemuth sold 2,495 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $112,275.00. Following the completion of the sale, the senior vice president now owns 58,922 shares in the company, valued at $2,651,490. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Charles Hill sold 1,188 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $44.47, for a total value of $52,830.36. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors Inc. boosted its stake in Hexcel Corp. by 1.4% in the first quarter. Teachers Advisors Inc. now owns 91,327 shares of the company’s stock valued at $3,992,000 after buying an additional 1,295 shares in the last quarter. Trillium Asset Management LLC boosted its position in Hexcel Corp. by 4.5% in the second quarter. Trillium Asset Management LLC now owns 251,593 shares of the company’s stock valued at $10,476,000 after buying an additional 10,761 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Hexcel Corp. by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 30,559 shares of the company’s stock valued at $1,336,000 after buying an additional 743 shares in the last quarter. BlackRock Group LTD boosted its position in Hexcel Corp. by 17.6% in the first quarter. BlackRock Group LTD now owns 76,376 shares of the company’s stock valued at $3,339,000 after buying an additional 11,419 shares in the last quarter. Finally, State Street Corp boosted its position in Hexcel Corp. by 3.2% in the first quarter. State Street Corp now owns 1,369,045 shares of the company’s stock valued at $59,838,000 after buying an additional 42,200 shares in the last quarter. Hedge funds and other institutional investors own 98.27% of the company’s stock.
About Hexcel Corp.
Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hexcel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel Corp. and related companies with MarketBeat.com's FREE daily email newsletter.