Hexcel (NYSE:HXL) Reaches New 1-Year High – What’s Next?

Hexcel Corporation (NYSE:HXL) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $104.70 and last traded at $105.9520, with a volume of 3692 shares changing hands. The stock had previously closed at $103.81.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HXL. TD Cowen boosted their target price on shares of Hexcel from $85.00 to $100.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $105.00 price objective on shares of Hexcel in a report on Friday, April 24th. BMO Capital Markets upped their price objective on shares of Hexcel from $85.00 to $97.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a research note on Friday. Finally, Wells Fargo & Company assumed coverage on Hexcel in a research report on Wednesday, April 1st. They set an “overweight” rating and a $95.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $94.00.

Hexcel Stock Performance

The company’s fifty day simple moving average is $95.14 and its two-hundred day simple moving average is $88.72. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 71.54, a price-to-earnings-growth ratio of 1.62 and a beta of 1.05. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.37 and a current ratio of 2.45.

Hexcel (NYSE:HXL) last issued its earnings results on Wednesday, April 22nd. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.17. Hexcel had a net margin of 6.07% and a return on equity of 11.08%. The business had revenue of $501.50 million for the quarter, compared to analyst estimates of $488.11 million. During the same quarter in the prior year, the business posted $0.37 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts predict that Hexcel Corporation will post 2.26 earnings per share for the current fiscal year.

Institutional Trading of Hexcel

Several institutional investors and hedge funds have recently bought and sold shares of HXL. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Hexcel in the 2nd quarter worth approximately $227,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Hexcel by 8.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,741 shares of the aerospace company’s stock valued at $775,000 after acquiring an additional 599 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Hexcel by 19.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,467 shares of the aerospace company’s stock valued at $347,000 after acquiring an additional 557 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in Hexcel by 325.2% during the second quarter. Harbor Investment Advisory LLC now owns 608 shares of the aerospace company’s stock worth $61,000 after purchasing an additional 465 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in Hexcel by 7.1% during the second quarter. Central Pacific Bank Trust Division now owns 1,803 shares of the aerospace company’s stock worth $180,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

About Hexcel

Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.

Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.