Shares of Hexcel Co. (NYSE:HXL) have been assigned an average recommendation of “Hold” from the thirteen analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $76.86.
A number of research analysts recently commented on the company. ValuEngine raised Hexcel from a “hold” rating to a “buy” rating in a report on Friday, June 7th. Barclays reissued a “hold” rating and issued a $77.00 price target on shares of Hexcel in a report on Sunday, May 26th. UBS Group raised Hexcel from a “sell” rating to a “neutral” rating and increased their price target for the company from $67.00 to $76.00 in a report on Thursday, May 23rd. BMO Capital Markets increased their price target on Hexcel to $84.00 and gave the company an “outperform” rating in a report on Wednesday, May 22nd. Finally, Bank of America reissued a “buy” rating and issued a $90.00 price target (up previously from $80.00) on shares of Hexcel in a report on Friday, April 26th.
HXL traded down $1.07 on Tuesday, reaching $76.80. The company’s stock had a trading volume of 522,284 shares, compared to its average volume of 401,573. The company has a market capitalization of $6.52 billion, a P/E ratio of 25.18, a P/E/G ratio of 2.22 and a beta of 1.08. Hexcel has a 1 year low of $53.50 and a 1 year high of $78.31. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.28 and a current ratio of 2.24.
In other Hexcel news, insider Timothy Swords sold 20,395 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $70.86, for a total transaction of $1,445,189.70. Following the sale, the insider now owns 16,839 shares in the company, valued at $1,193,211.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gail E. Lehman sold 733 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $74.56, for a total value of $54,652.48. Following the sale, the insider now owns 733 shares in the company, valued at approximately $54,652.48. The disclosure for this sale can be found here. Insiders have sold 36,179 shares of company stock worth $2,600,947 in the last 90 days. 1.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Epoch Investment Partners Inc. raised its stake in Hexcel by 81.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 4,420,788 shares of the aerospace company’s stock valued at $253,488,000 after buying an additional 1,985,300 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Hexcel by 2.8% during the first quarter. Eagle Asset Management Inc. now owns 2,299,290 shares of the aerospace company’s stock valued at $159,018,000 after buying an additional 62,577 shares in the last quarter. Carillon Tower Advisers Inc. raised its position in shares of Hexcel by 15.3% during the 1st quarter. Carillon Tower Advisers Inc. now owns 1,959,143 shares of the aerospace company’s stock worth $135,493,000 after purchasing an additional 259,288 shares during the period. Eaton Vance Management raised its position in shares of Hexcel by 20.4% during the 4th quarter. Eaton Vance Management now owns 1,812,729 shares of the aerospace company’s stock worth $103,942,000 after purchasing an additional 307,192 shares during the period. Finally, Ownership Capital B.V. raised its position in shares of Hexcel by 6.5% during the 1st quarter. Ownership Capital B.V. now owns 1,572,193 shares of the aerospace company’s stock worth $108,733,000 after purchasing an additional 95,267 shares during the period. Hedge funds and other institutional investors own 93.64% 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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