In yesterday’s Wall Street session, Hexcel Corporation (NYSE:HXL) shares traded at $59.72, down -2.07% from the previous session.
17 analysts cover Hexcel Corporation (NYSE:HXL), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $86.00 and a low of $47.00, we find $63.00. Given the previous closing price of $60.98, this indicates a potential upside of 3.31 percent. HXL stock price is now 0.64% away from the 50-day moving average and 4.67% away from the 200-day moving average. The market capitalization of the company currently stands at $5.02B.
The stock has received a hold rating from 12 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $63.21 as their price target over the next twelve months.
With the price target reduced from $71 to $52, Truist Downgraded its rating from Buy to Hold for Hexcel Corporation (NYSE: HXL)., while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
In other news, Lehman Gail E, insider sold 1,500 shares of the company’s stock on Dec 07. The stock was sold for $87,765 at an average price of $58.51. Upon completion of the transaction, the insider now directly owns 6,264 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02, See Remarks Fitzsimons Gina sold 1,257 shares of the business’s stock. A total of $77,481 was realized by selling the stock at an average price of $61.64. This leaves the insider owning 1,538 shares of the company worth $91849.36. Insiders disposed of 18,033 shares of company stock worth roughly $1.08 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HXL stock. A new stake in Hexcel Corporation shares was purchased by SILVANT CAPITAL MANAGEMENT LLC during the first quarter worth $7,947,000. TWO SIGMA INVESTMENTS, LP invested $3,976,000 in shares of HXL during the first quarter. In the first quarter, BROOKFIELD CORP /ON/ acquired a new stake in Hexcel Corporation valued at approximately $3,674,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in HXL for approximately $3,462,000. CIPHER CAPITAL LP purchased a new stake in HXL valued at around $2,091,000 in the second quarter.
On Thursday morning Hexcel Corporation (NYSE: HXL) stock kicked off with the opening price of $60.43. During the past 12 months, Hexcel Corporation has had a low of $47.38 and a high of $65.82. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 2.40, and a quick ratio of 1.30. The fifty day moving average price for HXL is $59.43 and a two-hundred day moving average price translates $57.05 for the stock.
The latest earnings results from Hexcel Corporation (NYSE: HXL) was released for Sep, 2022. According to the Aerospace & Defense Company, earnings per share came in at $0.33, inline with analysts’ expectations of $0.33. This compares to $0.11 EPS in the same period last year. The net profit margin was 7.20% and return on equity was 7.30% for HXL. The company reported revenue of $364.7 million for the quarter, compared to $333.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.26 percent. For the current quarter, analysts expect HXL to generate $404.28M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/14/2022. Investors who held shares on 11/04/2022 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 0.67% percent yield. There was an ex-dividend date of 11/03/2022 for this dividend. In terms of dividend payout ratio, HXL is presently at 15.60%.
Hexcel Corporation(HXL) 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 through 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 automotive, marine, and trains. The Engineered Products segment manufactures and markets aircraft structures and finished aircraft components, including wing to body fairings, wing panels, flight deck panels, door liners, rotorcraft blades, spars, and tip caps; and aircraft structural sub-components and semi-finished components used in rotorcraft blades, engine nacelles, and aircraft surfaces, such as flaps, wings, elevators, and fairings. The company sells its products directly through its managers, product managers, and sales personnel, as well as through independent distributors and manufacturer representatives in the Americas, Europe, the Asia Pacific, India, and Africa. Hexcel Corporation was founded in 1946 and is headquartered in Stamford, Connecticut.