Hexcel Co. (NYSE:HXL) – Stock analysts at Jefferies Financial Group issued their FY2021 EPS estimates for Hexcel in a report released on Monday, April 15th. Jefferies Financial Group analyst S. Kahyaoglu forecasts that the aerospace company will post earnings per share of $4.30 for the year.
Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, January 23rd. The aerospace company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Hexcel had a net margin of 12.64% and a return on equity of 19.19%. The company had revenue of $561.00 million for the quarter, compared to analyst estimates of $558.55 million. During the same period last year, the firm earned $0.70 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis.
HXL has been the topic of a number of other reports. ValuEngine lowered shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. BMO Capital Markets set a $80.00 price target on shares of Hexcel and gave the company a “buy” rating in a research report on Friday, March 8th. Zacks Investment Research lowered shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Monday. Cowen reissued a “buy” rating and set a $66.00 price target on shares of Hexcel in a research report on Wednesday, January 23rd. Finally, Loop Capital lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $71.57 price target on the stock. in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $72.69.
HXL opened at $68.82 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.16 and a current ratio of 2.07. Hexcel has a fifty-two week low of $53.50 and a fifty-two week high of $73.42. The stock has a market cap of $5.83 billion, a P/E ratio of 22.56, a PEG ratio of 2.00 and a beta of 1.20.
A number of hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. raised its position in Hexcel by 115.8% in the first quarter. Meeder Asset Management Inc. now owns 1,599 shares of the aerospace company’s stock worth $111,000 after acquiring an additional 858 shares during the period. BTIM Corp. raised its position in Hexcel by 6.8% in the first quarter. BTIM Corp. now owns 89,382 shares of the aerospace company’s stock worth $6,182,000 after acquiring an additional 5,652 shares during the period. Pennsylvania Trust Co bought a new stake in Hexcel in the first quarter worth about $255,000. Scout Investments Inc. raised its position in Hexcel by 45.3% in the first quarter. Scout Investments Inc. now owns 291,587 shares of the aerospace company’s stock worth $20,166,000 after acquiring an additional 90,893 shares during the period. Finally, Harvey Investment Co. LLC raised its position in Hexcel by 3.3% in the first quarter. Harvey Investment Co. LLC now owns 86,960 shares of the aerospace company’s stock worth $6,014,000 after acquiring an additional 2,805 shares during the period. 95.74% of the stock is currently owned by institutional investors and hedge funds.
In other Hexcel news, insider Thierry Merlot sold 3,516 shares of Hexcel stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $72.55, for a total value of $255,085.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.
Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.
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