3 Stocks Down More Than 11% in 2024 That Are Screaming Buys in August
ON semiconductor's end markets look like they are bottoming in 2024. Hexcel looks like the future of the aerospace industry.
Hexcel's (HXL) Q2 Earnings Increase Y/Y, Sales View Lowered
Hexcel's (HXL) second-quarter revenues improve year over year by 10.1%. However, the company lowers its sales and earnings 2024 outlook.
Hexcel (HXL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Hexcel (HXL) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Hexcel (HXL) Q2 Earnings and Revenues Top Estimates
Hexcel (HXL) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.50 per share a year ago.
Hexcel (HXL) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Hexcel (HXL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hexcel: New CEO And Airplane Manufacturing Industry Woes
Hexcel CEO transition adds risks, with new CEO Tom Gentile's past performance at Spirit AeroSystems raising concerns. Airplane production remains pressured, with Boeing and Airbus dialing back production and no new airplane programs on the horizon. Q1 earnings showed sales growth but profit falling, with challenges in the Industrial segment and declining margins impacting overall performance.
Why Is Hexcel (HXL) Up 10.8% Since Last Earnings Report?
Hexcel (HXL) reported earnings 30 days ago. What's next for the stock?
Russell Investments Group Ltd. Has $810,000 Position in Hexcel Co. (NYSE:HXL)
Russell Investments Group Ltd. trimmed its position in Hexcel Co. (NYSE:HXL – Free Report) by 73.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,989 shares of the aerospace company’s stock after selling 30,103 shares during the period. Russell Investments Group Ltd.’s holdings in Hexcel were worth $810,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new stake in Hexcel in the fourth quarter worth $2,362,000. Ceredex Value Advisors LLC lifted its holdings in Hexcel by 16.4% during the fourth quarter. Ceredex Value Advisors LLC now owns 217,202 shares of the aerospace company’s stock worth $16,019,000 after acquiring an additional 30,652 shares in the last quarter. Natixis Advisors L.P. grew its stake in Hexcel by 6.3% in the third quarter. Natixis Advisors L.P. now owns 155,323 shares of the aerospace company’s stock valued at $10,118,000 after acquiring an additional 9,242 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Hexcel in the third quarter worth about $1,283,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Hexcel by 73.5% during the third quarter. Public Employees Retirement System of Ohio now owns 66,141 shares of the aerospace company’s stock worth $4,308,000 after purchasing an additional 28,010 shares during the period. Institutional investors own 95.47% of the company’s stock. Hexcel Price Performance Shares of HXL opened at $71.97 on Monday. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $69.07 and its 200 day simple moving average is $70.13. Hexcel Co. has a 1-year low of $58.81 and a 1-year high of $79.08. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 61.51, a PEG ratio of 1.48 and a beta of 1.25. Hexcel (NYSE:HXL – Get Free Report) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The company had revenue of $472.30 million for the quarter, compared to analysts’ expectations of $468.93 million. During the same period in the prior year, the firm earned $0.50 EPS. Hexcel’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, research analysts forecast that Hexcel Co. will post 2.21 earnings per share for the current fiscal year. Hexcel Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, May 3rd were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, May 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Hexcel’s dividend payout ratio is currently 51.28%. Insider Activity at Hexcel In related news, CEO Tom Gentile acquired 15,000 shares of Hexcel stock in a transaction on Wednesday, May 1st. The stock was purchased at an average cost of $66.25 per share, with a total value of $993,750.00. Following the completion of the transaction, the chief executive officer now directly owns 15,000 shares in the company, valued at approximately $993,750. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Tom Gentile bought 15,000 shares of Hexcel stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $66.25 per share, with a total value of $993,750.00. Following the acquisition, the chief executive officer now owns 15,000 shares of the company’s stock, valued at approximately $993,750. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Guy C. Hachey purchased 3,000 shares of the stock in a transaction on Monday, April 29th. The stock was bought at an average cost of $64.53 per share, for a total transaction of $193,590.00. Following the completion of the acquisition, the director now owns 3,000 shares in the company, valued at $193,590. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 43,400 shares of company stock worth $2,820,322. Company insiders own 1.39% of the company’s stock. Analyst Upgrades and Downgrades HXL has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Hexcel from $69.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. UBS Group dropped their price objective on shares of Hexcel from $77.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Stifel Nicolaus cut their price objective on shares of Hexcel from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Northcoast Research cut Hexcel from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. Finally, StockNews.com lowered Hexcel from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $77.57. Check Out Our Latest Stock Report on Hexcel Hexcel Profile (Free Report) 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.
