Weekly Research Analysts’ Ratings Updates for Hexcel (HXL)

Hexcel (NYSE: HXL) recently received a number of ratings updates from brokerages and research firms:

• 4/30/2024 – Hexcel had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $71.00 to $70.00. They now have a “hold” rating on the stock.
• 4/24/2024 – Hexcel had its price target lowered by analysts at UBS Group AG from $77.00 to $73.00. They now have a “neutral” rating on the stock.
• 4/19/2024 – Hexcel had its price target lowered by analysts at Truist Financial Co. from $96.00 to $90.00. They now have a “buy” rating on the stock.
• 4/17/2024 – Hexcel had its price target lowered by analysts at Stifel Nicolaus from $90.00 to $86.00. They now have a “buy” rating on the stock.
• 4/16/2024 – Hexcel had its price target raised by analysts at The Goldman Sachs Group, Inc. from $69.00 to $78.00. They now have a “neutral” rating on the stock.
• 4/10/2024 – Hexcel had its “underperform” rating reaffirmed by analysts at Bank of America Co.. They now have a $65.00 price target on the stock, down previously from $75.00.
• 4/10/2024 – Hexcel was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating.

Hexcel Trading Up 3.3 %

NYSE HXL opened at $66.31 on Thursday. Hexcel Co. has a 1-year low of $58.81 and a 1-year high of $79.08. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average of $70.08 and a 200-day moving average of $69.40. The firm has a market cap of $5.51 billion, a PE ratio of 56.68, a price-to-earnings-growth ratio of 1.36 and a beta of 1.23.

Hexcel (NYSE:HXL) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The company had revenue of $472.30 million during the quarter, compared to analyst estimates of $468.93 million. During the same quarter in the previous year, the company posted $0.50 EPS. Hexcel’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that Hexcel Co. will post 2.22 EPS for the current year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, May 2nd. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

Insider Activity

In related news, Director Guy C. Hachey bought 3,000 shares of the stock in a transaction dated Monday, April 29th. The stock was bought at an average price of $64.53 per share, with a total value of $193,590.00. Following the purchase, the director now owns 3,000 shares in the company, valued at approximately $193,590. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hexcel news, CEO Nick L. Stanage purchased 15,000 shares of the stock in a transaction on Friday, April 26th. The stock was acquired at an average price of $64.29 per share, with a total value of $964,350.00. Following the transaction, the chief executive officer now directly owns 392,446 shares of the company’s stock, valued at approximately $25,230,353.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Guy C. Hachey purchased 3,000 shares of the stock in a transaction on Monday, April 29th. The shares were acquired at an average cost of $64.53 per share, with a total value of $193,590.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at $193,590. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 28,000 shares of company stock valued at $1,799,240. Insiders own 1.85% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HXL. CENTRAL TRUST Co raised its position in Hexcel by 68.1% during the 3rd quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 179 shares during the last quarter. Cetera Trust Company N.A purchased a new position in shares of Hexcel during the 4th quarter worth approximately $30,000. RiverPark Advisors LLC purchased a new position in shares of Hexcel during the 3rd quarter worth approximately $41,000. Principal Securities Inc. purchased a new position in shares of Hexcel during the 4th quarter worth approximately $51,000. Finally, GAMMA Investing LLC purchased a new position in shares of Hexcel during the 4th quarter worth approximately $53,000. Institutional investors own 95.47% of the company’s stock.

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.