Hexcel (NYSE:HXL) PT Lowered to $71.00

Hexcel (NYSE:HXL) had its price target cut by analysts at UBS Group from $73.00 to $71.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the aerospace company’s stock. UBS Group’s price objective would indicate a potential upside of 11.32% from the stock’s previous close.

A number of other research analysts also recently issued reports on HXL. Stifel Nicolaus decreased their target price on shares of Hexcel from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Royal Bank of Canada restated an “outperform” rating and issued a $76.00 target price on shares of Hexcel in a research note on Friday, June 14th. Northcoast Research lowered Hexcel from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. The Goldman Sachs Group boosted their price target on Hexcel from $69.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Truist Financial dropped their price target on shares of Hexcel from $96.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $76.86.

Hexcel Trading Up 2.1 %

Shares of NYSE:HXL opened at $63.78 on Monday. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. Hexcel has a 52-week low of $58.81 and a 52-week high of $79.08. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 54.51, a PEG ratio of 1.17 and a beta of 1.28. The business has a 50-day moving average price of $67.23 and a 200-day moving average price of $69.72.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The company had revenue of $472.30 million during the quarter, compared to analyst estimates of $468.93 million. During the same period last year, the firm posted $0.50 EPS. Hexcel’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts predict that Hexcel will post 2.21 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Nick L. Stanage acquired 15,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were bought at an average price of $64.29 per share, for a total transaction of $964,350.00. Following the acquisition, the chief executive officer now owns 392,446 shares of the company’s stock, valued at approximately $25,230,353.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Hexcel news, CEO Nick L. Stanage bought 15,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were acquired at an average cost of $64.29 per share, with a total value of $964,350.00. Following the purchase, the chief executive officer now directly owns 392,446 shares of the company’s stock, valued at approximately $25,230,353.34. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey C. Campbell purchased 10,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was bought at an average price of $64.13 per share, with a total value of $641,300.00. Following the completion of the transaction, the director now directly owns 17,803 shares of the company’s stock, valued at $1,141,706.39. The disclosure for this purchase can be found here. In the last three months, insiders bought 43,400 shares of company stock worth $2,820,322. Corporate insiders own 1.85% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Hexcel during the fourth quarter worth about $66,597,000. Massachusetts Financial Services Co. MA raised its position in Hexcel by 143.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,466,380 shares of the aerospace company’s stock valued at $108,146,000 after purchasing an additional 864,405 shares during the period. TimesSquare Capital Management LLC raised its holdings in Hexcel by 93.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,503,055 shares of the aerospace company’s stock valued at $110,850,000 after buying an additional 724,280 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Hexcel by 114.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 436,321 shares of the aerospace company’s stock worth $31,786,000 after acquiring an additional 232,827 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Hexcel by 151.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock worth $25,086,000 after purchasing an additional 207,434 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About Hexcel

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.