Hexcel (NYSE:HXL) Stock Gets Price Target Reduction from TD Cowen

Hexcel (NYSE:HXL) had its price target lowered by TD Cowen from $115.00 to $90.00 in a report issued on Friday,Benzinga reports. The firm currently has a hold rating on the aerospace company’s stock.

Other equities research analysts have also issued research reports about the stock. Bank of America lowered shares of Hexcel from a “peer perform” rating to a “market perform” rating and set a $110.00 price target for the company. in a report on Monday, August 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Hexcel in a report on Wednesday, September 23rd. Jefferies Financial Group decreased their price objective on shares of Hexcel from $110.00 to $98.00 and set a “hold” rating on the stock in a report on Monday, September 28th. Guggenheim assumed coverage on shares of Hexcel in a research report on Monday, September 14th. They issued a “buy” rating and a $120.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 target price on shares of Hexcel in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and an average target price of $105.17.

Hexcel Stock Up 0.0%

Hexcel stock opened at $84.97 on Friday. The stock has a market capitalization of $6.43 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.10. Hexcel has a 12 month low of $60.82 and a 12 month high of $111.74. The business has a 50 day simple moving average of $92.72 and a 200-day simple moving average of $92.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.37.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, July 29th. The aerospace company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. Hexcel had a return on equity of 12.34% and a net margin of 7.76%. The firm had revenue of $529.30 million for the quarter, compared to analyst estimates of $528.08 million. During the same quarter last year, the firm posted $0.50 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. On average, analysts anticipate that Hexcel will post 2.36 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. Hexcel’s dividend payout ratio (DPR) is 36.18%.

Insider Activity at Hexcel

In related news, insider Gina Fitzsimons sold 9,675 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $103.14, for a total transaction of $997,879.50. Following the completion of the sale, the insider directly owned 7,712 shares in the company, valued at approximately $795,415.68. The trade was a 55.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gail E. Lehman sold 13,829 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $92.10, for a total value of $1,273,650.90. Following the sale, the insider owned 20,148 shares of the company’s stock, valued at $1,855,630.80. The trade was a 40.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.84% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Hexcel in the first quarter valued at about $28,000. IFP Advisors Inc lifted its stake in shares of Hexcel by 566.0% in the second quarter. IFP Advisors Inc now owns 353 shares of the aerospace company’s stock worth $35,000 after buying an additional 300 shares in the last quarter. Group One Trading LLC purchased a new position in shares of Hexcel in the second quarter worth about $36,000. Cetera Trust Company N.A purchased a new position in shares of Hexcel in the second quarter worth about $40,000. Finally, Cedar Mountain Advisors LLC acquired a new position in Hexcel during the first quarter worth about $37,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About Hexcel

Hexcel Corporation (NYSE:HXL) develops and manufactures advanced composite materials and structural solutions for the aerospace, defense, space, and industrial markets. Its products are designed to help customers reduce weight, improve performance, and increase fuel efficiency in aircraft and other demanding applications.

The company’s product portfolio includes carbon fiber, specialty reinforcements, prepreg materials, honeycomb cores, adhesives, and other composite technologies. Hexcel also produces engineered composite structures and components used in commercial aircraft, military aircraft, helicopters, launch vehicles, satellites, and various industrial applications, including wind energy and transportation.

Hexcel traces its roots to the development of lightweight honeycomb materials in the mid-20th century and has expanded through research, manufacturing, and acquisitions into a global composites supplier.