In yesterday’s Wall Street session, Hexcel Corporation (NYSE:HXL) shares traded at $70.64, down -5.44% 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 $92.00 and a low of $62.00, we find $75.00. Given the previous closing price of $74.70, this indicates a potential upside of 0.4 percent. HXL stock price is now -3.98% away from the 50-day moving average and 6.46% away from the 200-day moving average. The market capitalization of the company currently stands at $5.98B.
The stock has received a hold rating from 13 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $75.08 as their price target over the next twelve months.
In other news, Merlot Thierry, insider sold 1,000 shares of the company’s stock on Feb 23. The stock was sold for $72,660 at an average price of $72.66. Upon completion of the transaction, the insider now directly owns 37,010 shares in the company, valued at $2.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22, Director Minus Marilyn sold 700 shares of the business’s stock. A total of $49,917 was realized by selling the stock at an average price of $71.31. This leaves the insider owning 3,672 shares of the company worth $0.26 million. Insiders disposed of 83,426 shares of company stock worth roughly $5.89 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 JACKSON SQUARE PARTNERS, LLC during the first quarter worth $89,889,000. LORD, ABBETT & CO. LLC invested $26,972,000 in shares of HXL during the first quarter. In the first quarter, DRIEHAUS CAPITAL MANAGEMENT LLC acquired a new stake in Hexcel Corporation valued at approximately $10,377,000. CEREDEX VALUE ADVISORS LLC acquired a new stake in HXL for approximately $9,833,000. WESTWOOD HOLDINGS GROUP INC purchased a new stake in HXL valued at around $7,697,000 in the second quarter. In total, there are 486 active investors with 101.45% ownership of the company’s stock.
On Tuesday morning Hexcel Corporation (NYSE: HXL) stock kicked off with the opening price of $71.82. During the past 12 months, Hexcel Corporation has had a low of $50.00 and a high of $79.08. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 2.80, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $6.98B, which is based on a 39.77 price-to-earnings ratio, a 1.18 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for HXL is $73.55 and a two-hundred day moving average price translates $66.43 for the stock.
The latest earnings results from Hexcel Corporation (NYSE: HXL) was released for Mar, 2023. According to the Aerospace & Defense Company, earnings per share came in at $0.5, beating analysts’ expectations of $0.48 by 0.02. This compares to $0.53 EPS in the same period last year. The net profit margin was 9.20% and return on equity was 9.90% for HXL. The company reported revenue of $454.3 million for the quarter, compared to $393.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.6 percent. For the current quarter, analysts expect HXL to generate $425.4M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/11/2023. Investors who held shares on 08/04/2023 were paid a $0.125 dividend. On an annualized basis, this represents a $0.50 dividend and a 0.71% percent yield. There was an ex-dividend date of 08/03/2023 for this dividend. In terms of dividend payout ratio, HXL is presently at 23.70%.
Hexcel Corporation(HXL) Company Profile
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. The Composite Materials segment manufactures and markets fabrics, multi-axials, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, 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 rail transportation. 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; and RF interference control products for military and aerospace applications. This segment also provides interference control materials, structural composites, and services; dielectric absorber foams; magnetic absorbers; and thermoplastics for commercial and defense applications. The company sells its products directly through its managers, product managers, and sales personnel, as well as through independent distributors in the Americas, Europe, the Asia Pacific, India, and Africa. Hexcel Corporation was founded in 1946 and is headquartered in Stamford, Connecticut.
