Zacks Investment Research downgraded shares of Hexcel Co. (NYSE:HXL) from a buy rating to a hold rating in a research report released on Friday.

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. “

A number of other research analysts have also weighed in on HXL. Aegis initiated coverage on Hexcel in a report on Monday, November 21st. They set a buy rating and a $59.00 price objective on the stock. Wolfe Research initiated coverage on Hexcel in a report on Wednesday, November 23rd. They issued a market perform rating on the stock. Deutsche Bank AG upped their target price on Hexcel from $53.00 to $60.00 and gave the company a buy rating in a report on Monday, December 5th. Vertical Group reissued a buy rating and issued a $55.00 target price (up previously from $52.00) on shares of Hexcel in a report on Friday, December 16th. Finally, Credit Suisse Group AG reissued a hold rating on shares of Hexcel in a report on Tuesday, December 20th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $54.56.

Analyst Recommendations for Hexcel (NYSE:HXL)

Shares of Hexcel (NYSE:HXL) traded down 0.11% during mid-day trading on Friday, reaching $53.93. 85,936 shares of the company traded hands. The company’s 50 day moving average is $53.13 and its 200 day moving average is $49.06. Hexcel has a 52-week low of $38.87 and a 52-week high of $55.91. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. Hexcel had a return on equity of 19.67% and a net margin of 12.46%. The firm had revenue of $483.50 million for the quarter, compared to analyst estimates of $497.55 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. Hexcel’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts forecast that Hexcel will post $2.72 earnings per share for the current year.

Your IP Address:

In other Hexcel news, insider Thierry Merlot sold 4,774 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $55.29, for a total value of $263,954.46. Following the sale, the insider now owns 16,182 shares of the company’s stock, valued at $894,702.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Wayne C. Pensky sold 10,249 shares of the company’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $55.32, for a total value of $566,974.68. Following the completion of the sale, the chief financial officer now directly owns 94,313 shares in the company, valued at approximately $5,217,395.16. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Conestoga Capital Advisors LLC bought a new stake in Hexcel during the third quarter worth approximately $208,000. British Columbia Investment Management Corp raised its stake in Hexcel by 11.1% in the third quarter. British Columbia Investment Management Corp now owns 250,000 shares of the company’s stock worth $11,075,000 after buying an additional 25,000 shares during the last quarter. Graybill Bartz & Assoc Ltd. raised its stake in Hexcel by 2.2% in the third quarter. Graybill Bartz & Assoc Ltd. now owns 53,485 shares of the company’s stock worth $2,369,000 after buying an additional 1,135 shares during the last quarter. Moody Aldrich Partners LLC raised its stake in Hexcel by 10.3% in the third quarter. Moody Aldrich Partners LLC now owns 32,630 shares of the company’s stock worth $1,446,000 after buying an additional 3,040 shares during the last quarter. Finally, First National Bank of Hutchinson bought a new stake in Hexcel during the third quarter worth approximately $611,000. 98.02% of the stock is currently owned by institutional investors and hedge funds.

About Hexcel

Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.

5 Day Chart for NYSE:HXL

Get a free copy of the Zacks research report on Hexcel (HXL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hexcel Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.