Hexcel (NYSE:HXL) Rating Lowered to Sell at ValuEngine

Hexcel (NYSE:HXL) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Monday, ValuEngine reports.

HXL has been the subject of several other reports. Bank of America cut shares of Hexcel from a “buy” rating to an “underperform” rating and cut their price target for the stock from $95.00 to $80.00 in a report on Tuesday, October 1st. Canaccord Genuity increased their price target on shares of Hexcel from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Cowen set a $87.00 price target on shares of Hexcel and gave the stock a “buy” rating in a report on Friday, September 27th. Goldman Sachs Group cut shares of Hexcel from a “neutral” rating to a “sell” rating and set a $73.00 price target for the company. in a report on Friday, August 16th. Finally, Zacks Investment Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $86.00 price target for the company. in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Hexcel has an average rating of “Hold” and a consensus target price of $81.51.

Shares of HXL traded down $1.41 during mid-day trading on Monday, hitting $74.76. 940,186 shares of the company’s stock were exchanged, compared to its average volume of 478,014. Hexcel has a fifty-two week low of $53.50 and a fifty-two week high of $87.00. The firm has a market capitalization of $6.53 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.12 and a beta of 1.03. The business’s 50 day moving average is $80.41 and its two-hundred day moving average is $77.32. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 0.77.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.02. The firm had revenue of $572.50 million during the quarter, compared to analysts’ expectations of $598.88 million. Hexcel had a net margin of 12.90% and a return on equity of 21.45%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. On average, equities research analysts forecast that Hexcel will post 3.52 earnings per share for the current year.

In other Hexcel news, insider Brett Raymond Schneider sold 4,417 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $81.61, for a total value of $360,471.37. Following the completion of the transaction, the insider now directly owns 10,201 shares of the company’s stock, valued at $832,503.61. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Nick L. Stanage sold 15,662 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $85.75, for a total transaction of $1,343,016.50. Following the completion of the transaction, the chief executive officer now directly owns 256,853 shares of the company’s stock, valued at $22,025,144.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,623 shares of company stock valued at $4,840,665. 1.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Boston Trust Walden Corp increased its holdings in Hexcel by 9.1% in the third quarter. Boston Trust Walden Corp now owns 145,804 shares of the aerospace company’s stock valued at $11,975,000 after buying an additional 12,221 shares in the last quarter. Calamos Advisors LLC increased its stake in shares of Hexcel by 39.5% during the 3rd quarter. Calamos Advisors LLC now owns 7,117 shares of the aerospace company’s stock worth $585,000 after purchasing an additional 2,017 shares in the last quarter. Strs Ohio increased its stake in shares of Hexcel by 20.6% during the 3rd quarter. Strs Ohio now owns 6,241 shares of the aerospace company’s stock worth $512,000 after purchasing an additional 1,068 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Hexcel by 120.7% during the 3rd quarter. Stephens Inc. AR now owns 10,922 shares of the aerospace company’s stock worth $897,000 after purchasing an additional 5,974 shares in the last quarter. Finally, Tuttle Tactical Management purchased a new position in shares of Hexcel during the 3rd quarter worth approximately $779,000. 94.23% of the stock is owned by institutional investors.

About Hexcel

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

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