KeyCorp Begins Coverage on Hexcel (NYSE:HXL)

Equities researchers at KeyCorp began coverage on shares of Hexcel (NYSE:HXL) in a research note issued on Wednesday. The firm set a “sector weight” rating on the aerospace company’s stock.

HXL has been the subject of a number of other research reports. Bank of America upgraded Hexcel from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $60.00 to $95.00 in a research note on Thursday, February 12th. Morgan Stanley upgraded shares of Hexcel from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $67.00 to $90.00 in a research report on Friday, January 30th. UBS Group set a $99.00 target price on Hexcel in a report on Friday, January 30th. Wall Street Zen raised Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Finally, Truist Financial set a $94.00 price objective on shares of Hexcel in a research report on Friday, January 30th. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $82.17.

Hexcel Stock Down 2.1%

Shares of NYSE HXL opened at $80.51 on Wednesday. The business has a 50-day moving average of $85.40 and a two-hundred day moving average of $75.58. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 58.34, a price-to-earnings-growth ratio of 1.26 and a beta of 1.01. Hexcel has a 1 year low of $45.28 and a 1 year high of $95.22. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.26 and a quick ratio of 1.25.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. Hexcel had a return on equity of 9.54% and a net margin of 5.78%.The firm had revenue of $491.30 million during the quarter, compared to the consensus estimate of $484.46 million. During the same period in the prior year, the company posted $0.52 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. On average, analysts forecast that Hexcel will post 2.14 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Amy S. Evans sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $92.80, for a total value of $139,200.00. Following the sale, the insider directly owned 1,979 shares of the company’s stock, valued at approximately $183,651.20. This trade represents a 43.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of Hexcel by 12.6% in the 1st quarter. Royal Bank of Canada now owns 119,501 shares of the aerospace company’s stock valued at $6,544,000 after purchasing an additional 13,374 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hexcel by 7.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,360 shares of the aerospace company’s stock valued at $348,000 after purchasing an additional 468 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Hexcel during the 1st quarter valued at approximately $234,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Hexcel by 14.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 274,522 shares of the aerospace company’s stock valued at $15,033,000 after acquiring an additional 34,822 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Hexcel by 138.7% in the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 441 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

About Hexcel

Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.

Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.