Hexcel (NYSE:HXL) Hits New 1-Year High – What’s Next?
by Amy Steele · The Cerbat GemHexcel Corporation (NYSE:HXL – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $79.21 and last traded at $78.6650, with a volume of 458156 shares traded. The stock had previously closed at $78.41.
Analyst Ratings Changes
A number of research analysts have recently weighed in on HXL shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $65.00 target price on shares of Hexcel in a research report on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Hexcel in a research note on Friday, October 24th. Morgan Stanley set a $67.00 target price on Hexcel and gave the stock an “underweight” rating in a research report on Wednesday, October 29th. Truist Financial boosted their target price on Hexcel from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, Royal Bank Of Canada increased their price target on Hexcel from $70.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.33.
Check Out Our Latest Analysis on HXL
Hexcel Price Performance
The business’s 50-day moving average price is $73.50 and its 200 day moving average price is $65.99. The company has a market capitalization of $6.26 billion, a P/E ratio of 92.64, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08. The company has a quick ratio of 1.50, a current ratio of 2.75 and a debt-to-equity ratio of 0.48.
Hexcel (NYSE:HXL – Get Free Report) last posted its earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Hexcel had a return on equity of 9.25% and a net margin of 3.67%.The firm had revenue of $456.20 million during the quarter, compared to analysts’ expectations of $449.99 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. Analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current fiscal year.
Hexcel Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, November 3rd. Hexcel’s payout ratio is presently 80.00%.
Insider Transactions at Hexcel
In other news, insider Lyndon John Smith sold 2,077 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $73.02, for a total transaction of $151,662.54. Following the completion of the transaction, the insider owned 8,426 shares of the company’s stock, valued at approximately $615,266.52. The trade was a 19.78% 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, EVP Patrick Winterlich sold 3,413 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $73.34, for a total transaction of $250,309.42. Following the completion of the transaction, the executive vice president owned 40,357 shares in the company, valued at approximately $2,959,782.38. This trade represents a 7.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.03% of the company’s stock.
Hedge Funds Weigh In On Hexcel
A number of institutional investors have recently made changes to their positions in HXL. Alliancebernstein L.P. lifted its holdings in shares of Hexcel by 122.7% during the 3rd quarter. Alliancebernstein L.P. now owns 4,849,941 shares of the aerospace company’s stock worth $304,091,000 after acquiring an additional 2,671,682 shares during the last quarter. State Street Corp raised its position in Hexcel by 4.3% during the second quarter. State Street Corp now owns 4,690,924 shares of the aerospace company’s stock valued at $264,990,000 after purchasing an additional 191,649 shares in the last quarter. American Century Companies Inc. raised its position in Hexcel by 103.8% during the second quarter. American Century Companies Inc. now owns 2,759,673 shares of the aerospace company’s stock valued at $155,894,000 after purchasing an additional 1,405,538 shares in the last quarter. Brandes Investment Partners LP boosted its holdings in shares of Hexcel by 49.1% in the 2nd quarter. Brandes Investment Partners LP now owns 2,440,242 shares of the aerospace company’s stock worth $137,850,000 after purchasing an additional 803,123 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Hexcel by 5.9% in the 2nd quarter. Bank of America Corp DE now owns 2,283,626 shares of the aerospace company’s stock worth $129,002,000 after purchasing an additional 126,338 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.
About Hexcel
Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.
Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.