Hexcel (NYSE:HXL) Sets New 1-Year High – Should You Buy?

by · The Cerbat Gem

Shares of Hexcel Corporation (NYSE:HXL – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $78.34 and last traded at $77.7950, with a volume of 151204 shares trading hands. The stock had previously closed at $76.60.

Analyst Ratings Changes

HXL has been the topic of several research analyst reports. Zacks Research raised shares of Hexcel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Royal Bank Of Canada raised their price objective on shares of Hexcel from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. UBS Group boosted their target price on Hexcel from $81.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a research report on Wednesday, October 8th. Finally, Truist Financial lifted their price objective on Hexcel from $75.00 to $83.00 and gave the company a “buy” rating in a report on Friday, October 24th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.33.

Read Our Latest Research Report on HXL

Hexcel Trading Down 0.2%

The business has a 50-day moving average of $69.65 and a 200-day moving average of $63.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.75 and a quick ratio of 1.50. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 89.82, a P/E/G ratio of 2.70 and a beta of 1.06.

Hexcel (NYSE:HXL – Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share 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 company had revenue of $456.20 million for the quarter, compared to analyst estimates of $449.99 million. During the same period last year, the firm earned $0.47 EPS. The firm’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. Research analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, November 3rd. Hexcel’s dividend payout ratio (DPR) is 80.00%.

Insider Transactions at Hexcel

In other news, insider Lyndon John Smith sold 2,077 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $73.02, for a total value of $151,662.54. Following the completion of the sale, the insider directly owned 8,426 shares of the company’s stock, valued at $615,266.52. This trade represents a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Patrick Winterlich sold 3,413 shares of the business’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 value of $250,309.42. Following the transaction, the executive vice president directly owned 40,357 shares in the company, valued at $2,959,782.38. The trade was a 7.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.03% of the company’s stock.

Hedge Funds Weigh In On Hexcel

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HXL. Alliancebernstein L.P. raised its position in shares of Hexcel by 122.7% in the third quarter. Alliancebernstein L.P. now owns 4,849,941 shares of the aerospace company’s stock valued at $304,091,000 after purchasing an additional 2,671,682 shares during the period. State Street Corp grew its stake in Hexcel by 4.3% in the 2nd quarter. State Street Corp now owns 4,690,924 shares of the aerospace company’s stock valued at $264,990,000 after buying an additional 191,649 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Hexcel by 32.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,314,702 shares of the aerospace company’s stock valued at $181,514,000 after acquiring an additional 812,026 shares during the period. American Century Companies Inc. lifted 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 worth $155,894,000 after acquiring an additional 1,405,538 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in shares of Hexcel by 49.1% in the second quarter. Brandes Investment Partners LP now owns 2,440,242 shares of the aerospace company’s stock valued at $137,850,000 after acquiring an additional 803,123 shares during the period. 95.47% of the stock is owned by institutional investors.

Hexcel Company Profile

(Get Free Report)

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.

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