Hexcel (NYSE:HXL) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Hexcel (NYSE:HXL) from a hold rating to a buy rating in a report released on Friday, June 7th, ValuEngine reports.

HXL has been the topic of a number of other research reports. Loop Capital cut shares of Hexcel from a buy rating to a hold rating and set a $71.57 price objective on the stock. in a research report on Wednesday, March 6th. 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 raised shares of Hexcel from a hold rating to a buy rating and set a $79.00 price target on the stock in a research report on Friday, February 15th. Barclays reaffirmed a hold rating and issued a $77.00 price target on shares of Hexcel in a research report on Sunday, May 26th. Finally, UBS Group raised shares of Hexcel from a sell rating to a neutral rating and raised their price target for the company from $67.00 to $76.00 in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $77.05.

Shares of HXL stock traded up $1.38 on Friday, reaching $80.88. 2,316,273 shares of the company were exchanged, compared to its average volume of 491,645. The stock has a market capitalization of $6.87 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 2.34 and a beta of 1.08. The firm has a 50-day simple moving average of $74.76. The company has a current ratio of 2.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.85. Hexcel has a one year low of $53.50 and a one year high of $81.18.

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

In other Hexcel news, insider Timothy Swords sold 20,395 shares of Hexcel stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $70.86, for a total transaction of $1,445,189.70. Following the transaction, the insider now owns 16,839 shares of the company’s stock, valued at approximately $1,193,211.54. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kimberly A. Hendricks sold 3,500 shares of Hexcel stock in a transaction that occurred 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 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. In the last three months, insiders have sold 36,179 shares of company stock worth $2,600,947. Insiders own 1.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. FMR LLC grew its stake in Hexcel by 66.1% in the 1st quarter. FMR LLC now owns 21,957 shares of the aerospace company’s stock valued at $1,519,000 after buying an additional 8,734 shares in the last quarter. GYL Financial Synergies LLC purchased a new position in Hexcel in the 1st quarter valued at approximately $1,182,000. Marshall Wace North America L.P. grew its stake in Hexcel by 179.6% in the 1st quarter. Marshall Wace North America L.P. now owns 99,599 shares of the aerospace company’s stock valued at $6,887,000 after buying an additional 63,971 shares in the last quarter. Stonebridge Capital Advisors LLC grew its stake in Hexcel by 4.2% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 70,761 shares of the aerospace company’s stock valued at $4,894,000 after buying an additional 2,860 shares in the last quarter. Finally, Timucuan Asset Management Inc. FL grew its stake in Hexcel by 0.7% in the 1st quarter. Timucuan Asset Management Inc. FL now owns 1,015,527 shares of the aerospace company’s stock valued at $70,234,000 after buying an additional 7,257 shares in the last quarter. Institutional investors own 92.78% of the company’s stock.

Hexcel Company Profile

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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Analyst Recommendations for Hexcel (NYSE:HXL)

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