Hexcel Co. (NYSE:HXL) Given Consensus Rating of “Hold” by Analysts

Hexcel Co. (NYSE:HXL – Get Rating) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $66.75.

Several research firms recently commented on HXL. Jefferies Financial Group boosted their target price on Hexcel from $60.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, January 30th. BMO Capital Markets boosted their target price on Hexcel from $65.00 to $73.00 and gave the stock a “market perform” rating in a research report on Thursday, February 9th. Truist Financial upped their price objective on Hexcel from $53.00 to $59.00 and gave the stock a “hold” rating in a report on Friday, January 27th. TheStreet upgraded Hexcel from a “c+” rating to a “b” rating in a report on Thursday, January 26th. Finally, StockNews.com initiated coverage on Hexcel in a report on Thursday. They issued a “hold” rating for the company.

Insider Activity at Hexcel

In other Hexcel news, insider Thierry Merlot sold 4,265 shares of the company’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $68.51, for a total transaction of $292,195.15. Following the completion of the transaction, the insider now owns 38,010 shares of the company’s stock, valued at approximately $2,604,065.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Hexcel news, insider Thierry Merlot sold 4,265 shares of the company’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $68.51, for a total transaction of $292,195.15. Following the completion of the transaction, the insider now owns 38,010 shares of the company’s stock, valued at approximately $2,604,065.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marilyn Minus sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $71.31, for a total value of $49,917.00. Following the transaction, the director now directly owns 3,672 shares of the company’s stock, valued at approximately $261,850.32. The disclosure for this sale can be found here. Insiders sold 9,722 shares of company stock worth $676,077 in the last ninety days. 1.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HXL. Raymond James Financial Services Advisors Inc. raised its position in shares of Hexcel by 12.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,268 shares of the aerospace company’s stock worth $492,000 after acquiring an additional 922 shares in the last quarter. US Bancorp DE raised its position in shares of Hexcel by 17.0% in the 1st quarter. US Bancorp DE now owns 11,064 shares of the aerospace company’s stock worth $658,000 after acquiring an additional 1,609 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Hexcel by 10.6% in the 1st quarter. HighTower Advisors LLC now owns 17,097 shares of the aerospace company’s stock worth $1,017,000 after acquiring an additional 1,641 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Hexcel by 18.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,823 shares of the aerospace company’s stock worth $1,000,000 after acquiring an additional 2,567 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Hexcel by 22.7% in the 1st quarter. Bank of Montreal Can now owns 34,884 shares of the aerospace company’s stock worth $2,087,000 after acquiring an additional 6,443 shares in the last quarter. Institutional investors own 97.87% of the company’s stock.

Hexcel Stock Performance

NYSE:HXL opened at $68.03 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 2.23. Hexcel has a 52-week low of $47.38 and a 52-week high of $74.99. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 45.97 and a beta of 1.25. The business’s fifty day moving average is $68.16 and its 200 day moving average is $61.14.

Hexcel (NYSE:HXL – Get Rating) last released its quarterly earnings data on Wednesday, January 25th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. Hexcel had a return on equity of 7.29% and a net margin of 8.01%. The company had revenue of $429.40 million for the quarter, compared to analyst estimates of $402.18 million. During the same period in the previous year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. Research analysts predict that Hexcel will post 1.81 EPS for the current year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 17th. Investors of record on Friday, February 10th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, February 9th. This is a boost from Hexcel’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 0.73%. Hexcel’s dividend payout ratio is currently 33.78%.

About Hexcel

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Hexcel Corp. engages in the development, manufacture, and marketing of lightweight structural materials. It operates through the Composite Materials and Engineered Products segments. The Composite Materials segment includes carbon fiber, specialty reinforcements, resins, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles.