Hexcel Co. (NYSE:HXL) – Equities researchers at KeyCorp lowered their Q2 2019 EPS estimates for Hexcel in a research note issued to investors on Thursday, April 11th. KeyCorp analyst M. Sison now expects that the aerospace company will earn $0.82 per share for the quarter, down from their previous estimate of $0.84. KeyCorp also issued estimates for Hexcel’s Q3 2019 earnings at $0.90 EPS, Q4 2019 earnings at $0.93 EPS, FY2019 earnings at $3.40 EPS and FY2020 earnings at $3.80 EPS.
A number of other research analysts have also recently commented on the company. BMO Capital Markets set a $80.00 price target on Hexcel and gave the stock a “buy” rating in a research report on Friday, March 8th. Loop Capital cut Hexcel from a “buy” rating to a “hold” rating and set a $71.57 price target on the stock. in a research report on Wednesday, March 6th. Cowen restated a “buy” rating and issued a $66.00 price target on shares of Hexcel in a research report on Wednesday, January 23rd. ValuEngine upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Finally, Zacks Investment Research upgraded Hexcel from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Friday, February 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Hexcel presently has a consensus rating of “Hold” and an average target price of $72.69.
Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, January 23rd. The aerospace company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Hexcel had a return on equity of 19.19% and a net margin of 12.64%. The company had revenue of $561.00 million for the quarter, compared to analysts’ expectations of $558.55 million. During the same quarter last year, the business earned $0.70 earnings per share. Hexcel’s revenue was up 9.6% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in HXL. Cascade Investment Advisors Inc. acquired a new stake in Hexcel in the fourth quarter valued at about $29,000. CWM LLC boosted its stake in shares of Hexcel by 139.6% during the fourth quarter. CWM LLC now owns 520 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 303 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Hexcel by 51.7% during the fourth quarter. Whittier Trust Co. now owns 531 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 181 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Hexcel by 51.8% during the fourth quarter. AdvisorNet Financial Inc now owns 1,055 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 360 shares in the last quarter. Finally, SevenBridge Financial Group LLC acquired a new stake in shares of Hexcel during the fourth quarter valued at about $68,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Thierry Merlot sold 5,336 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $71.87, for a total value of $383,498.32. Following the sale, the insider now directly owns 48,532 shares of the company’s stock, valued at $3,487,994.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% 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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