Hexcel (NYSE:HXL) Reaches New 1-Year High at $77.80

Hexcel Co. (NYSE:HXL)’s share price hit a new 52-week high on Monday . The stock traded as high as $77.80 and last traded at $77.18, with a volume of 1559 shares changing hands. The stock had previously closed at $76.89.

Several equities analysts have weighed in on the stock. ValuEngine raised shares of Hexcel from a “hold” rating to a “buy” rating in a report on Friday, June 7th. Barclays reaffirmed a “hold” rating and set a $77.00 price target on shares of Hexcel in a report on Sunday, May 26th. UBS Group raised shares of Hexcel from a “sell” rating to a “neutral” rating and lifted their price target for the company from $67.00 to $76.00 in a report on Thursday, May 23rd. BMO Capital Markets lifted their price target on shares of Hexcel to $84.00 and gave the company an “outperform” rating in a report on Wednesday, May 22nd. Finally, Zacks Investment Research raised shares of Hexcel from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Friday, February 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Hexcel currently has an average rating of “Hold” and a consensus price target of $77.05.

The company has a current ratio of 2.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $6.53 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 2.23 and a beta of 1.07.

Hexcel (NYSE:HXL) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. Hexcel had a net margin of 12.71% and a return on equity of 20.63%. The firm had revenue of $609.90 million for the quarter, compared to the consensus estimate of $590.13 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, analysts anticipate that Hexcel Co. will post 3.46 earnings per share for the current fiscal year.

In other news, insider Timothy Swords sold 20,395 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $70.86, for a total value of $1,445,189.70. Following the transaction, the insider now owns 16,839 shares of the company’s stock, valued at $1,193,211.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kimberly A. Hendricks sold 3,500 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $76.00, for a total transaction of $266,000.00. Following the completion of the transaction, the insider now directly owns 30,843 shares in the company, valued at approximately $2,344,068. The disclosure for this sale can be found here. Insiders sold 36,179 shares of company stock worth $2,600,947 in the last three months. Insiders own 1.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. raised its stake in Hexcel by 179.6% during the first quarter. Marshall Wace North America L.P. now owns 99,599 shares of the aerospace company’s stock valued at $6,887,000 after purchasing an additional 63,971 shares in the last quarter. GYL Financial Synergies LLC purchased a new stake in Hexcel during the first quarter valued at $1,182,000. FMR LLC raised its stake in Hexcel by 66.1% during the first quarter. FMR LLC now owns 21,957 shares of the aerospace company’s stock valued at $1,519,000 after purchasing an additional 8,734 shares in the last quarter. BlueMountain Capital Management LLC purchased a new stake in Hexcel during the first quarter valued at $233,000. Finally, Jane Street Group LLC purchased a new stake in Hexcel during the first quarter valued at $741,000. 93.64% of the stock is currently owned by hedge funds and other institutional investors.

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Hexcel Company Profile (NYSE:HXL)

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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