Hexcel Co. (NYSE:HXL) Receives $81.21 Consensus PT from Analysts

Shares of Hexcel Co. (NYSE:HXL) have earned an average rating of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $81.51.

Several equities analysts have recently weighed in on the stock. Bank of America cut shares of Hexcel from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $95.00 to $80.00 in a research note on Tuesday, October 1st. Cowen set a $87.00 price target on shares of Hexcel and gave the stock a “buy” rating in a research note on Friday, September 27th. ValuEngine cut shares of Hexcel from a “hold” rating to a “sell” rating in a research note on Monday. Goldman Sachs Group cut shares of Hexcel from a “neutral” rating to a “sell” rating and set a $73.00 price target for the company. in a research note on Friday, August 16th. Finally, Canaccord Genuity raised their price target on shares of Hexcel from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th.

In other news, insider Brett Raymond Schneider sold 4,417 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $81.61, for a total value of $360,471.37. Following the completion of the sale, the insider now owns 10,201 shares of the company’s stock, valued at approximately $832,503.61. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert George Hennemuth sold 37,544 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $83.56, for a total value of $3,137,176.64. Following the completion of the sale, the insider now directly owns 73,046 shares of the company’s stock, valued at approximately $6,103,723.76. The disclosure for this sale can be found here. In the last three months, insiders sold 57,623 shares of company stock valued at $4,840,665. 1.40% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Creative Planning lifted its holdings in Hexcel by 4.3% during the 2nd quarter. Creative Planning now owns 3,034 shares of the aerospace company’s stock valued at $245,000 after purchasing an additional 124 shares during the last quarter. Machina Capital S.A.S. lifted its holdings in Hexcel by 22.4% during the 2nd quarter. Machina Capital S.A.S. now owns 743 shares of the aerospace company’s stock valued at $60,000 after purchasing an additional 136 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Hexcel by 0.9% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,279 shares of the aerospace company’s stock valued at $1,478,000 after purchasing an additional 158 shares during the last quarter. HM Capital Management LLC lifted its holdings in Hexcel by 1.1% during the 3rd quarter. HM Capital Management LLC now owns 14,555 shares of the aerospace company’s stock valued at $1,195,000 after purchasing an additional 160 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in Hexcel by 0.4% during the 2nd quarter. Wesbanco Bank Inc. now owns 56,740 shares of the aerospace company’s stock valued at $4,590,000 after purchasing an additional 217 shares during the last quarter. 94.23% of the stock is owned by institutional investors and hedge funds.

NYSE HXL traded down $1.41 during trading hours on Monday, reaching $74.76. 940,186 shares of the company’s stock were exchanged, compared to its average volume of 478,014. The company’s 50-day moving average is $80.41 and its two-hundred day moving average is $77.32. Hexcel has a one year low of $53.50 and a one year high of $87.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.28 and a current ratio of 2.22. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03.

Hexcel (NYSE:HXL) last posted its earnings results on Monday, October 21st. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. The business had revenue of $572.50 million during the quarter, compared to analysts’ expectations of $598.88 million. Hexcel had a return on equity of 21.45% and a net margin of 12.90%. Hexcel’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. Research analysts predict that Hexcel will post 3.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, November 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.91%. Hexcel’s payout ratio is presently 22.30%.

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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Analyst Recommendations for Hexcel (NYSE:HXL)

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