Hexcel Co. (NYSE:HXL - Free Report) - Research analysts at Zacks Research decreased their Q2 2024 earnings per share estimates for Hexcel in a research report issued on Monday, May 13th. Zacks Research analyst R. Department now expects that the aerospace company will post earnings of $0.54 per share for the quarter, down from their previous estimate of $0.55. The consensus estimate for Hexcel's current full-year earnings is $2.22 per share. Zacks Research also issued estimates for Hexcel's Q3 2024 earnings at $0.53 EPS, Q4 2024 earnings at $0.67 EPS, FY2024 earnings at $2.18 EPS, Q1 2025 earnings at $0.59 EPS, FY2025 earnings at $2.83 EPS and Q1 2026 earnings at $0.66 EPS.
Other equities research analysts have also recently issued reports about the company. The Goldman Sachs Group boosted their price objective on Hexcel from $69.00 to $78.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 16th. Northcoast Research cut Hexcel from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 10th. Stifel Nicolaus reduced their price objective on Hexcel from $90.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, April 17th. Wells Fargo & Company upgraded Hexcel from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $81.00 to $95.00 in a research report on Wednesday, May 8th. Finally, StockNews.com lowered Hexcel from a "buy" rating to a "hold" rating in a research report on Saturday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Hexcel has a consensus rating of "Hold" and a consensus target price of $77.57.
Read Our Latest Analysis on HXL
Hexcel Trading Up 1.7 %
NYSE HXL traded up $1.22 during trading hours on Tuesday, hitting $72.75. 625,169 shares of the company were exchanged, compared to its average volume of 961,120. The stock has a 50-day moving average price of $69.31 and a 200 day moving average price of $69.91. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. Hexcel has a 52 week low of $58.81 and a 52 week high of $79.08. The stock has a market cap of $6.05 billion, a PE ratio of 62.18, a price-to-earnings-growth ratio of 1.47 and a beta of 1.25.
Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The firm had revenue of $472.30 million for the quarter, compared to analysts' expectations of $468.93 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The business's revenue was up 3.2% compared to the same quarter last year.
Hexcel Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, May 3rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Thursday, May 2nd. Hexcel's dividend payout ratio (DPR) is 51.28%.
Insider Buying and Selling
In other Hexcel news, CEO Nick L. Stanage acquired 15,000 shares of Hexcel stock in a transaction that occurred on Friday, April 26th. The stock was bought at an average price of $64.29 per share, with a total value of $964,350.00. Following the completion of the purchase, the chief executive officer now directly owns 392,446 shares of the company's stock, valued at approximately $25,230,353.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Hexcel news, CEO Nick L. Stanage acquired 15,000 shares of Hexcel stock in a transaction that occurred on Friday, April 26th. The stock was bought at an average price of $64.29 per share, with a total value of $964,350.00. Following the completion of the purchase, the chief executive officer now directly owns 392,446 shares of the company's stock, valued at approximately $25,230,353.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gina Fitzsimons sold 864 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total transaction of $62,294.40. Following the completion of the transaction, the insider now directly owns 3,375 shares of the company's stock, valued at approximately $243,337.50. The disclosure for this sale can be found here. Insiders acquired 43,400 shares of company stock valued at $2,820,322 over the last 90 days. Corporate insiders own 1.85% of the company's stock.
Hedge Funds Weigh In On Hexcel
A number of large investors have recently made changes to their positions in HXL. Raymond James Financial Services Advisors Inc. increased its position in shares of Hexcel by 22.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,774 shares of the aerospace company's stock worth $572,000 after purchasing an additional 1,589 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Hexcel by 21.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,199 shares of the aerospace company's stock worth $1,120,000 after purchasing an additional 3,004 shares in the last quarter. Strs Ohio increased its position in shares of Hexcel by 14.6% during the third quarter. Strs Ohio now owns 20,569 shares of the aerospace company's stock worth $1,339,000 after purchasing an additional 2,620 shares in the last quarter. Advisor Partners II LLC increased its position in shares of Hexcel by 61.4% in the 3rd quarter. Advisor Partners II LLC now owns 9,259 shares of the aerospace company's stock valued at $603,000 after acquiring an additional 3,524 shares during the period. Finally, Lmcg Investments LLC increased its position in shares of Hexcel by 2.1% in the 3rd quarter. Lmcg Investments LLC now owns 24,290 shares of the aerospace company's stock valued at $1,582,000 after acquiring an additional 500 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.
Hexcel Company Profile
(
Get Free Report)
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.
See Also
Before you consider Hexcel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hexcel wasn't on the list.
While Hexcel currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
