Hexcel Co. (NYSE:HXL) Receives Average Rating of “Hold” from Analysts

Shares of Hexcel Co. (NYSE:HXL) have received an average rating of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $71.54.

HXL has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. UBS Group increased their price objective on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Truist Financial lowered their target price on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday, October 18th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada cut shares of Hexcel from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th.

Hexcel Stock Performance

Shares of NYSE HXL opened at $59.95 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The company has a market cap of $4.86 billion, a PE ratio of 45.76, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30. The company has a 50-day simple moving average of $61.30 and a 200-day simple moving average of $64.10. Hexcel has a 12 month low of $57.50 and a 12 month high of $77.09.

Hexcel (NYSE:HXL) last released its earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. During the same period in the previous year, the company earned $0.38 EPS. Hexcel’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities analysts anticipate that Hexcel will post 2.04 earnings per share for the current year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Hexcel’s payout ratio is currently 45.80%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Hexcel by 151.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock worth $25,086,000 after acquiring an additional 207,434 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Hexcel by 32.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 80,953 shares of the aerospace company’s stock valued at $5,897,000 after purchasing an additional 19,736 shares in the last quarter. Seven Eight Capital LP purchased a new position in shares of Hexcel during the 1st quarter valued at approximately $1,109,000. Capital World Investors grew its position in shares of Hexcel by 16.4% during the first quarter. Capital World Investors now owns 885,547 shares of the aerospace company’s stock worth $64,512,000 after buying an additional 124,900 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Hexcel by 6.7% in the first quarter. Sei Investments Co. now owns 1,318,541 shares of the aerospace company’s stock worth $96,056,000 after buying an additional 82,473 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Company Profile

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.