Wells Fargo & Company Cuts Hexcel (NYSE:HXL) Price Target to $105.00

Hexcel (NYSE:HXL) had its price objective cut by Wells Fargo & Company from $120.00 to $105.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

Several other brokerages also recently commented on HXL. Wall Street Zen downgraded Hexcel from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. Bank of America downgraded shares of Hexcel from a “peer perform” rating to a “market perform” rating and set a $110.00 price target on the stock. in a research note on Monday, August 3rd. Weiss Ratings raised shares of Hexcel from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. The Goldman Sachs Group upped their price objective on shares of Hexcel from $88.00 to $97.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, UBS Group increased their price objective on shares of Hexcel from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $106.00.

Hexcel Stock Down 0.3%

NYSE HXL opened at $86.48 on Wednesday. The business has a fifty day moving average price of $94.83 and a two-hundred day moving average price of $92.61. The stock has a market capitalization of $6.54 billion, a PE ratio of 43.46, a PEG ratio of 1.24 and a beta of 1.10. Hexcel has a fifty-two week low of $60.82 and a fifty-two week high of $111.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.37.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. Hexcel had a return on equity of 12.34% and a net margin of 7.76%.The company had revenue of $529.30 million for the quarter, compared to analyst estimates of $528.08 million. During the same quarter last year, the company posted $0.50 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. Equities analysts expect that Hexcel will post 2.36 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Hexcel’s dividend payout ratio (DPR) is presently 36.18%.

Insider Activity

In other news, insider Gina Fitzsimons sold 9,675 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $103.14, for a total value of $997,879.50. Following the completion of the transaction, the insider owned 7,712 shares of the company’s stock, valued at $795,415.68. This represents a 55.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gail Lehman sold 13,829 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $92.10, for a total transaction of $1,273,650.90. Following the completion of the transaction, the insider owned 20,148 shares of the company’s stock, valued at approximately $1,855,630.80. This trade represents a 40.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.84% of the company’s stock.

Hedge Funds Weigh In On Hexcel

Several institutional investors and hedge funds have recently added to or reduced their stakes in HXL. Sequoia Financial Advisors LLC increased its holdings in Hexcel by 11.3% in the second quarter. Sequoia Financial Advisors LLC now owns 5,942 shares of the aerospace company’s stock valued at $595,000 after purchasing an additional 602 shares during the period. Tidal Investments LLC lifted its holdings in Hexcel by 1.4% during the 2nd quarter. Tidal Investments LLC now owns 49,653 shares of the aerospace company’s stock worth $4,968,000 after buying an additional 687 shares during the period. WINTON GROUP Ltd acquired a new position in Hexcel during the 2nd quarter worth about $667,000. IFP Advisors Inc grew its position in shares of Hexcel by 566.0% in the 2nd quarter. IFP Advisors Inc now owns 353 shares of the aerospace company’s stock valued at $35,000 after buying an additional 300 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of Hexcel by 26.8% in the 2nd quarter. Squarepoint Ops LLC now owns 343,283 shares of the aerospace company’s stock valued at $34,349,000 after buying an additional 72,660 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Company Profile

Hexcel Corporation (NYSE:HXL) develops and manufactures advanced composite materials and structural solutions for the aerospace, defense, space, and industrial markets. Its products are designed to help customers reduce weight, improve performance, and increase fuel efficiency in aircraft and other demanding applications.

The company’s product portfolio includes carbon fiber, specialty reinforcements, prepreg materials, honeycomb cores, adhesives, and other composite technologies. Hexcel also produces engineered composite structures and components used in commercial aircraft, military aircraft, helicopters, launch vehicles, satellites, and various industrial applications, including wind energy and transportation.

Hexcel traces its roots to the development of lightweight honeycomb materials in the mid-20th century and has expanded through research, manufacturing, and acquisitions into a global composites supplier.