Hexcel (HXL)

• Market cap: $5.07B
• 1 day: -0.84%
• 5 days: -1.91%
• 1 month: 6.78%
• 3 months: 2.34%
• 6 months: -3.01%
• Year to date: -14.00%
• 1 year: -13.15%
• 5 years: -15.20%
• 10 years: 51.66%
• Sector: Materials
• Industry: Plastic Materials, Synthetic Resins & Nonvulcan Elastomers

About: Founded in 1948, Hexcel designs and manufactures a range of highly engineered composite fibers, fabrics, resins, and structures for use in commercial aerospace, defense, and other industrial markets. These are lighter than metal and perform under rigorous conditions in aircraft frames, wings, engines, and other components and subassemblies. The company's name derives from the six-sided honeycomb structures that lend many of its products their light weight and rigidity. Hexcel's biggest customers are Airbus (38% of 2022 sales) and Boeing (25% of prepandemic sales) and its respective subcontractors.

Employees: 5,590

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

231% more call options, than puts

Call options by funds: $25.3M | Put options by funds: $7.64M

33% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]

3.2% less ownership

Funds ownership: 95.96% [Q2] → 92.75% (-3.2%) [Q3]

6% less funds holding

Funds holding: 447 [Q2] → 422 (-25) [Q3]

6% less capital invested

Capital invested by funds: $4.98B [Q2] → $4.69B (-$290M) [Q3]

10% less repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 162

34% less first-time investments, than exits

New positions opened: 48 | Existing positions closed: 73

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $60 4% downside
• Avg. target: $70 13% upside
• High target: $81 30% upside

7 analyst ratings

• positive: 3 43%
• neutral: 4 57%
• negative: 0 0%

RBC Capital Ken Herbert 51% 1-year accuracy 35 / 69 met price target	18% upside $74	Outperform Upgraded	19 Dec 2024
Wells Fargo Matthew Akers 33% 1-year accuracy 15 / 46 met price target	30% upside $81	Overweight Maintained	11 Dec 2024
Deutsche Bank Scott Deuschle 52% 1-year accuracy 17 / 33 met price target	4% downside $60	Hold Maintained	21 Nov 2024
BMO Capital John McNulty 42% 1-year accuracy 20 / 48 met price target	9% upside $68	Market Perform Maintained	28 Oct 2024
UBS Gavin Parsons 50% 1-year accuracy 9 / 18 met price target	10% upside $69	Neutral Maintained	25 Oct 2024