Hexcel Corp. (NYSE:HXL)’s share price rose 1.3% during mid-day trading on Tuesday . The stock traded as high as $42.45 and last traded at $42.07, with a volume of 412,433 shares changing hands. The stock had previously closed at $41.51.

HXL has been the topic of several research reports. Goldman Sachs Group Inc. dropped their price objective on shares of Hexcel Corp. from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Tuesday, April 12th. Deutsche Bank AG reiterated a “buy” rating and set a $53.00 price objective on shares of Hexcel Corp. in a report on Sunday, April 10th. Zacks Investment Research lowered shares of Hexcel Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Hexcel Corp. in a report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $48.67.

The stock has a 50 day moving average price of $42.21 and a 200 day moving average price of $42.80. The stock has a market capitalization of $3.90 billion and a price-to-earnings ratio of 18.036.

Hexcel Corp. (NYSE:HXL) last announced its quarterly earnings results on Wednesday, April 20th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm earned $497.70 million during the quarter, compared to the consensus estimate of $501.60 million. During the same period last year, the business earned $0.58 EPS. Hexcel Corp.’s revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Hexcel Corp. will post $2.50 earnings per share for the current fiscal year.

In other Hexcel Corp. news, Director David Charles Hill sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $44.80, for a total value of $44,800.00. Following the sale, the director now owns 1,883 shares of the company’s stock, valued at approximately $84,358.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

A number of large investors have recently made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of Hexcel Corp. by 0.7% in the fourth quarter. Rhumbline Advisers now owns 94,887 shares of the company’s stock worth $4,408,000 after buying an additional 640 shares during the period. Mandatum Life Insurance Co Ltd purchased a new stake in shares of Hexcel Corp. during the fourth quarter worth about $2,799,000. Brown Advisory Inc. raised its stake in shares of Hexcel Corp. by 0.8% in the fourth quarter. Brown Advisory Inc. now owns 1,082,092 shares of the company’s stock worth $50,263,000 after buying an additional 8,809 shares during the period. Aberdeen Asset Management PLC UK raised its stake in shares of Hexcel Corp. by 2.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 110,502 shares of the company’s stock worth $5,053,000 after buying an additional 2,595 shares during the period. Finally, Philadelphia Trust Co. raised its stake in shares of Hexcel Corp. by 14.9% in the fourth quarter. Philadelphia Trust Co. now owns 402,616 shares of the company’s stock worth $18,758,000 after buying an additional 52,337 shares during the period.

Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.

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