Group One Trading LP has increased its holdings in Hexcel, an aerospace company, by 1,133.7% during the third quarter of 2022, according to a recent disclosure filed with the Securities and Exchange Commission. The firm now owns 7,106 shares of Hexcel stock, worth $368,000, after buying an additional 6,530 shares during the period. Other investment firms, including BlackRock and Boston Partners, have also recently increased their holdings in Hexcel. (https://www.smallhandsbigart.com) The company’s Q4 earnings per share of $0.40 beat analysts’ consensus estimates of $0.31, and it has raised its quarterly dividend to $0.125 per share. Insider transactions included Thierry Merlot selling 4,192 shares of Hexcel at an average price of $70.11, for a total transaction of $293,901.12, and Gina Fitzsimons selling 1,257 shares at $61.64 per share.
Hexcel Corporation Stock Analysis:
Hexcel Corporation’s average analyst target price over the next 12 months is USD 62.85, according to 12 analysts. The company’s average analyst ratings is “Hold.” However, Stock Target Advisor’s analysis of the company’s stock is “Bearish,” based on 2 positive signals and 13 negative signals. The company’s stock price closed at USD 70.67, reflecting a change of -1.13% over the past week, +10.65% over the past month, and +30.77% over the last year.
Company Overview
Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets fabrics, multi-axials, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, 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 automotive, marine, and rail transportation. The Engineered Products segment manufactures and markets aircraft structures and finished aircraft components, including wing to body fairings, wing panels, flight deck panels, door liners, rotorcraft blades, spars, and tip caps; and aircraft structural sub-components and semi-finished components used in rotorcraft blades, engine nacelles, and aircraft surfaces, such as flaps, wings, elevators, and fairings; and RF interference control products for military and aerospace applications. This segment also provides interference control materials, structural composites, and services; dielectric absorber foams; magnetic absorbers; and thermoplastics for commercial and defense applications. The company sells its products directly through its managers, product managers, and sales personnel, as well as through independent distributors in the Americas, Europe, the Asia Pacific, India, and Africa. Hexcel Corporation was founded in 1946 and is headquartered in Stamford, Connecticut.
