Analysts Set Hexcel Corporation (NYSE:HXL) PT at $66.63

Shares of Hexcel Corporation (NYSE:HXL) have earned an average recommendation of “Hold” from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $72.00.

A number of brokerages recently issued reports on HXL. Morgan Stanley lifted their price target on shares of Hexcel from $50.00 to $55.00 and gave the company an “underweight” rating in a research report on Thursday, July 17th. TD Cowen lifted their price target on shares of Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a research report on Friday. Truist Financial lifted their price target on shares of Hexcel from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Hexcel from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th.

Insider Activity

In other Hexcel news, insider Thierry Merlot sold 8,897 shares of Hexcel stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $63.86, for a total value of $568,162.42. Following the completion of the transaction, the insider directly owned 51,308 shares of the company’s stock, valued at approximately $3,276,528.88. The trade was a 14.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gina Fitzsimons sold 911 shares of Hexcel stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total transaction of $59,215.00. Following the completion of the sale, the insider owned 4,283 shares of the company’s stock, valued at $278,395. This represents a 17.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by insiders.

Institutional Trading of Hexcel

A number of large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its stake in shares of Hexcel by 21.7% in the second quarter. Geneos Wealth Management Inc. now owns 924 shares of the aerospace company’s stock worth $52,000 after acquiring an additional 165 shares during the period. ProShare Advisors LLC grew its stake in shares of Hexcel by 3.7% in the second quarter. ProShare Advisors LLC now owns 4,779 shares of the aerospace company’s stock worth $270,000 after acquiring an additional 172 shares during the period. Park Place Capital Corp grew its stake in shares of Hexcel by 65.1% in the second quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 196 shares during the period. Beverly Hills Private Wealth LLC grew its stake in shares of Hexcel by 4.0% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,323 shares of the aerospace company’s stock worth $291,000 after acquiring an additional 207 shares during the period. Finally, Retirement Systems of Alabama grew its stake in shares of Hexcel by 0.3% in the first quarter. Retirement Systems of Alabama now owns 98,746 shares of the aerospace company’s stock worth $5,407,000 after acquiring an additional 255 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Hexcel Trading Up 2.5%

Shares of NYSE HXL opened at $72.71 on Wednesday. Hexcel has a 1 year low of $45.28 and a 1 year high of $74.35. The stock has a market cap of $5.79 billion, a P/E ratio of 85.54, a price-to-earnings-growth ratio of 2.34 and a beta of 1.33. The firm has a 50-day moving average of $63.35 and a 200 day moving average of $58.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.75 and a quick ratio of 1.50.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Hexcel had a net margin of 3.67% and a return on equity of 9.25%. The business had revenue of $456.20 million for the quarter, compared to analysts’ expectations of $449.99 million. During the same period last year, the business earned $0.47 earnings per share. The company’s revenue was down .2% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. As a group, sell-side analysts expect that Hexcel will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Monday, November 3rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $0.68 annualized dividend and a yield of 0.9%. Hexcel’s payout ratio is 62.96%.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.