Hexcel (NYSE:HXL) Cut to “Hold” at ValuEngine
Several other brokerages have also recently commented on HXL. Bank of America restated a “buy” rating and issued a $90.00 target price (down from $95.00) on shares of Hexcel in a research report on Wednesday, July 24th. Goldman Sachs Group downgraded shares of Hexcel from a “neutral” rating to a “sell” rating and set a $73.00 price target for the company. in a report on Friday, August 16th. KeyCorp increased their price target on shares of Hexcel from $86.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. BMO Capital Markets lifted their price objective on shares of Hexcel from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, UBS Group upgraded shares of Hexcel from a “sell” rating to a “neutral” rating and boosted their price objective 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, seven have issued a hold rating and six have issued a buy rating to the stock. Hexcel presently has a consensus rating of “Hold” and a consensus price target of $81.05.
Shares of NYSE HXL traded down $0.77 during mid-day trading on Wednesday, reaching $81.49. The company had a trading volume of 451,745 shares, compared to its average volume of 478,638. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.28 and a current ratio of 2.22. Hexcel has a one year low of $53.50 and a one year high of $87.00. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 2.29 and a beta of 1.04. The business’s 50-day simple moving average is $81.91 and its 200 day simple moving average is $75.47.
In other Hexcel news, insider Brett Raymond Schneider sold 4,417 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $81.61, for a total value of $360,471.37. Following the sale, the insider now owns 10,201 shares in the company, valued at $832,503.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert George Hennemuth sold 37,544 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $83.56, for a total transaction of $3,137,176.64. Following the sale, the insider now directly owns 73,046 shares in the company, valued at approximately $6,103,723.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,623 shares of company stock valued at $4,840,665. Insiders own 1.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Hexcel in the 1st quarter worth about $106,000. Timucuan Asset Management Inc. FL raised its stake in shares of Hexcel by 0.7% during the first quarter. Timucuan Asset Management Inc. FL now owns 1,015,527 shares of the aerospace company’s stock valued at $70,234,000 after acquiring an additional 7,257 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in shares of Hexcel by 18.6% during the second quarter. Aptus Capital Advisors LLC now owns 10,379 shares of the aerospace company’s stock valued at $839,000 after acquiring an additional 1,625 shares during the last quarter. Anchor Capital Advisors LLC lifted its holdings in shares of Hexcel by 7.7% during the second quarter. Anchor Capital Advisors LLC now owns 466,448 shares of the aerospace company’s stock worth $37,726,000 after purchasing an additional 33,386 shares during the period. Finally, National Asset Management Inc. lifted its holdings in shares of Hexcel by 10.3% during the first quarter. National Asset Management Inc. now owns 4,534 shares of the aerospace company’s stock worth $315,000 after purchasing an additional 424 shares during the period. Institutional investors own 95.03% 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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