HXL Stock Summary and Trading Ideas (Hexcel | NYSE:HXL)

Founded in 1948, Hexcel designs and manufactures a range of high-performance composite fibers, fabrics, resins, and structures for use in commercial aerospace, defense, and other industrial markets. These are engineered to be 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.

Hexcel trades on the NYSE stock market under the symbol HXL.

As of May 24, 2024, HXL stock price climbed to $70.53 with 537,783 million shares trading.

HXL has a beta of 1.23, meaning it tends to be more sensitive to market movements. HXL has a correlation of 0.28 to the broad based SPY ETF.

HXL has a market cap of $5.86 billion. This is considered a Mid Cap stock.

Last quarter Hexcel reported $472 million in Revenue and $.44 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.03.

In the last 3 years, HXL stock traded as high as $79.08 and as low as $46.77.

The top ETF exchange traded funds that HXL belongs to (by Net Assets): IJH, VTI, VB, ITA, VXF.

HXL has underperformed the market in the last year with a price return of +0.3% while the SPY ETF gained +30.4%. HXL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.1% and -2.1%, respectively, while the SPY returned +4.6% and +1.7%, respectively.

HXL support price is $67.71 and resistance is $70.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HXL stock will trade within this expected range on the day.