Hexcel Corp. (HXL) Lowered to “Sell” at Zacks Investment Research
According to Zacks, “HEXCEL CORP. is an international developer and manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets. “
HXL has been the topic of several other research reports. Jefferies Group reissued a hold rating and issued a $44.00 target price on shares of Hexcel Corp. in a report on Wednesday, August 10th. Bank of America Corp. lowered Hexcel Corp. from a buy rating to a neutral rating and set a $50.00 price objective on the stock. in a report on Friday, July 29th. Finally, Canaccord Genuity set a $48.00 price objective on Hexcel Corp. and gave the stock a hold rating in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Hexcel Corp. presently has a consensus rating of Hold and an average target price of $48.70.
Hexcel Corp. (NYSE:HXL) opened at 42.52 on Tuesday. The company has a market cap of $3.93 billion, a PE ratio of 17.67 and a beta of 0.98. Hexcel Corp. has a 12-month low of $37.54 and a 12-month high of $48.33. The stock has a 50 day moving average of $43.80 and a 200-day moving average of $43.71.
Hexcel Corp. (NYSE:HXL) last posted its earnings results on Wednesday, July 20th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. The firm had revenue of $522.60 million for the quarter, compared to analyst estimates of $504.31 million. Hexcel Corp. had a return on equity of 19.06% and a net margin of 11.87%. Hexcel Corp.’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 earnings per share. On average, equities research analysts anticipate that Hexcel Corp. will post $2.54 earnings per share for the current fiscal year.
In related news, insider Thierry Merlot sold 8,600 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $45.01, for a total transaction of $387,086.00. Following the completion of the sale, the insider now owns 26,413 shares of the company’s stock, valued at $1,188,849.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Charles Hill sold 1,188 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $44.47, for a total transaction of $52,830.36. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.
A number of large investors have recently bought and sold shares of HXL. Vanguard Group Inc. boosted its stake in Hexcel Corp. by 1.8% in the second quarter. Vanguard Group Inc. now owns 6,505,911 shares of the company’s stock valued at $270,906,000 after buying an additional 114,498 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Hexcel Corp. by 0.8% in the second quarter. Alliancebernstein L.P. now owns 4,063,167 shares of the company’s stock valued at $169,190,000 after buying an additional 30,510 shares in the last quarter. General Electric Co. boosted its stake in Hexcel Corp. by 2.0% in the second quarter. General Electric Co. now owns 3,484,407 shares of the company’s stock valued at $145,091,000 after buying an additional 66,992 shares in the last quarter. Broad Run Investment Management LLC boosted its stake in Hexcel Corp. by 10.2% in the first quarter. Broad Run Investment Management LLC now owns 2,171,639 shares of the company’s stock valued at $94,922,000 after buying an additional 200,254 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Hexcel Corp. by 6.8% in the second quarter. Royal Bank of Canada now owns 1,980,977 shares of the company’s stock valued at $82,488,000 after buying an additional 126,204 shares in the last quarter. 98.27% of the stock is owned by institutional investors and hedge funds.
About Hexcel Corp.
Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.
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