Hexcel (NYSE:HXL) Stock Gets Price Target Trim from Royal Bank Of Canada

Hexcel (NYSE:HXL) had its price target reduced by equities researchers at Royal Bank Of Canada from $115.00 to $105.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the aerospace company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 17.02% from the stock’s previous close.

Several other brokerages have also weighed in on HXL. Bank of America cut shares of Hexcel from a “peer perform” rating to a “market perform” rating and set a $110.00 price objective on the stock. in a research report on Monday, August 3rd. Morgan Stanley raised their target price on Hexcel from $97.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. UBS Group boosted their target price on Hexcel from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Seaport Research Partners raised Hexcel from a “neutral” rating to a “buy” rating and set a $104.00 price target on the stock in a research note on Sunday. Finally, Weiss Ratings raised Hexcel from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hexcel has a consensus rating of “Hold” and an average target price of $104.33.

Hexcel Trading Up 2.3%

Shares of NYSE:HXL traded up $1.99 during mid-day trading on Thursday, hitting $89.72. The company had a trading volume of 151,844 shares, compared to its average volume of 1,082,589. The firm has a fifty day moving average price of $91.68 and a 200 day moving average price of $92.99. The company has a market capitalization of $6.79 billion, a PE ratio of 45.05, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. 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 has a one year low of $60.82 and a one year high of $111.74.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Hexcel

Several large investors have recently modified their holdings of the stock. GHP Investment Advisors Inc. bought a new position in Hexcel during the first quarter valued at $28,000. IFP Advisors Inc lifted its stake in shares of Hexcel by 566.0% during 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 in the last quarter. Group One Trading LLC bought a new stake in Hexcel during the 2nd quarter valued at $36,000. Cetera Trust Company N.A purchased a new position in shares of Hexcel in the second quarter valued at $40,000. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of Hexcel during the first quarter valued at about $37,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About Hexcel

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.