Hexcel (NYSE:HXL) PT Lowered to $90.00 at Truist Financial

Hexcel (NYSE:HXL - Get Free Report) had its target price reduced by equities research analysts at Truist Financial from $96.00 to $90.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. Truist Financial's price target points to a potential upside of 45.84% from the stock's current price.

A number of other equities analysts have also weighed in on HXL. Wells Fargo & Company lifted their price objective on shares of Hexcel from $78.00 to $81.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 21st. StockNews.com downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a report on Saturday, February 3rd. Northcoast Research cut shares of Hexcel from a "buy" rating to a "neutral" rating in a report on Wednesday, April 10th. Stifel Nicolaus reduced their price objective on shares of Hexcel from $90.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $80.00 target price on shares of Hexcel in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Hexcel presently has a consensus rating of "Hold" and an average price target of $76.50.

Hexcel Stock Performance

NYSE HXL traded up $0.31 during trading on Friday, reaching $61.71. The company's stock had a trading volume of 1,082,345 shares, compared to its average volume of 868,005. Hexcel has a twelve month low of $58.81 and a twelve month high of $79.08. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 49.77, a P/E/G ratio of 1.28 and a beta of 1.23. The business's fifty day moving average price is $71.37 and its 200-day moving average price is $69.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.68 and a current ratio of 2.74.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The aerospace company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). Hexcel had a net margin of 5.91% and a return on equity of 9.31%. The company had revenue of $457.50 million for the quarter, compared to analysts' expectations of $474.01 million. During the same period in the prior year, the company earned $0.40 earnings per share. The firm's revenue was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Hexcel will post 2.23 EPS for the current fiscal year.

Insider Activity at Hexcel

In related news, insider Gina Fitzsimons sold 864 shares of Hexcel 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 in the company, valued at approximately $243,337.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the firm's stock in a transaction 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 owns 3,375 shares of the company's stock, valued at $243,337.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thierry Merlot sold 4,500 shares of the business's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $71.63, for a total transaction of $322,335.00. Following the completion of the transaction, the insider now directly owns 50,371 shares of the company's stock, valued at approximately $3,608,074.73. The disclosure for this sale can be found here. 1.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hexcel

Several institutional investors have recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. grew its holdings in Hexcel by 11.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 3,501 shares of the aerospace company's stock valued at $255,000 after buying an additional 372 shares during the period. State of Michigan Retirement System grew its holdings in Hexcel by 2.5% in the first quarter. State of Michigan Retirement System now owns 20,697 shares of the aerospace company's stock valued at $1,508,000 after purchasing an additional 500 shares during the period. Oak Thistle LLC acquired a new position in Hexcel during the first quarter worth approximately $401,000. Hennion & Walsh Asset Management Inc. raised its stake in Hexcel by 64.3% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,836 shares of the aerospace company's stock worth $498,000 after purchasing an additional 2,676 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Hexcel by 86.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,785 shares of the aerospace company's stock valued at $859,000 after purchasing an additional 5,476 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

About Hexcel

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.