Hexcel (NYSE:HXL) Stock Price Target Lowered at Wells Fargo & Company

Hexcel (NYSE:HXL) had its price objective dropped by investment analysts at Wells Fargo & Company from $120.00 to $105.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 25.14% from the company’s previous close.

Several other research firms have also recently commented on HXL. Wolfe Research cut Hexcel from an “outperform” rating to a “peer perform” rating in a report on Friday, July 31st. Morgan Stanley upped their price target on Hexcel from $97.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Guggenheim began coverage on shares of Hexcel in a research report on Monday, September 14th. They issued a “buy” rating and a $120.00 price objective on the stock. Weiss Ratings upgraded Hexcel from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen lowered shares of Hexcel from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $106.00.

Hexcel Stock Down 0.5%

NYSE HXL traded down $0.45 during trading hours on Wednesday, hitting $83.91. 40,914 shares of the company were exchanged, compared to its average volume of 1,092,582. The company has a quick ratio of 1.37, a current ratio of 2.43 and a debt-to-equity ratio of 0.74. Hexcel has a 52-week low of $60.82 and a 52-week high of $111.74. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 1.20 and a beta of 1.05. The company has a 50 day moving average of $96.21 and a two-hundred day moving average of $92.59.

Hexcel (NYSE:HXL) last issued its 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 net margin of 7.76% and a return on equity of 12.34%. The business had revenue of $529.30 million during the quarter, compared to analysts’ expectations of $528.08 million. During the same quarter in the prior year, the business posted $0.50 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. Equities research analysts anticipate that Hexcel will post 2.36 earnings per share for the current year.

Insider Activity

In other news, insider Gina Fitzsimons sold 9,675 shares of the business’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 sale, the insider directly owned 7,712 shares in the company, valued at approximately $795,415.68. The trade was a 55.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gail Lehman sold 13,829 shares of the company’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 value of $1,273,650.90. Following the transaction, the insider directly owned 20,148 shares of the company’s stock, valued at $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. Company insiders own 1.84% of the company’s stock.

Institutional Investors Weigh In On Hexcel

Several hedge funds have recently made changes to their positions in HXL. Sequoia Financial Advisors LLC boosted its position in Hexcel by 11.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,942 shares of the aerospace company’s stock worth $595,000 after acquiring an additional 602 shares during the period. Tidal Investments LLC boosted its holdings in shares of Hexcel by 1.4% during the second quarter. Tidal Investments LLC now owns 49,653 shares of the aerospace company’s stock worth $4,968,000 after purchasing an additional 687 shares during the period. WINTON GROUP Ltd purchased a new position in Hexcel during the second quarter valued at approximately $667,000. IFP Advisors Inc increased its stake in 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 period. Finally, Squarepoint Ops LLC lifted its position in Hexcel by 26.8% in the 2nd quarter. Squarepoint Ops LLC now owns 343,283 shares of the aerospace company’s stock worth $34,349,000 after buying an additional 72,660 shares in the last quarter. 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.