Hexcel Corporation (NYSE:HXL) Stock Has Consensus Price Target of $101.67

Shares of Hexcel Corporation (NYSE:HXL) have earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $101.67.

HXL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $100.00 price target on shares of Hexcel in a report on Tuesday, August 4th. TD Cowen reaffirmed a “hold” rating on shares of Hexcel in a report on Wednesday, October 28th. The Goldman Sachs Group lifted their target price on shares of Hexcel from $88.00 to $97.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. UBS Group decreased their target price on shares of Hexcel from $123.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Hexcel in a research note on Monday.

Hexcel Price Performance

Shares of HXL stock opened at $80.58 on Friday. Hexcel has a 12 month low of $67.38 and a 12 month high of $111.74. The company has a market capitalization of $6.10 billion, a P/E ratio of 36.14, a P/E/G ratio of 1.19 and a beta of 1.17. The stock has a 50 day moving average of $86.81 and a two-hundred day moving average of $90.50. The company has a current ratio of 2.57, a quick ratio of 1.42 and a debt-to-equity ratio of 0.71.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, October 21st. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $496.40 million for the quarter, compared to analysts’ expectations of $501.95 million. Hexcel had a return on equity of 13.57% and a net margin of 8.50%. Hexcel’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share. As a group, equities analysts expect that Hexcel will post 2.36 EPS for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, November 2nd. Hexcel’s dividend payout ratio is currently 32.29%.

Insider Activity at Hexcel

In related news, insider Gina Fitzsimons sold 9,675 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $103.14, for a total value of $997,879.50. Following the sale, the insider owned 7,712 shares of the company’s stock, valued at $795,415.68. The trade was a 55.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gail E. Lehman sold 13,829 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $92.10, for a total value of $1,273,650.90. Following the completion of the sale, the insider directly owned 20,148 shares in the company, valued at approximately $1,855,630.80. This represents a 40.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.84% of the company’s stock.

Institutional Investors Weigh In On Hexcel

Several institutional investors and hedge funds have recently made changes to their positions in HXL. Maryland State Retirement & Pension System grew its position in Hexcel by 18.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 4,509 shares of the aerospace company’s stock worth $378,000 after acquiring an additional 706 shares during the last quarter. AlphaCore Capital LLC raised its position in Hexcel by 50.4% in the 3rd quarter. AlphaCore Capital LLC now owns 3,171 shares of the aerospace company’s stock valued at $266,000 after purchasing an additional 1,063 shares during the last quarter. Ethic Inc. raised its position in Hexcel by 3.6% in the 3rd quarter. Ethic Inc. now owns 8,109 shares of the aerospace company’s stock valued at $681,000 after purchasing an additional 281 shares during the last quarter. Kestra Advisory Services LLC raised its position in Hexcel by 86.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,266 shares of the aerospace company’s stock valued at $442,000 after purchasing an additional 2,441 shares during the last quarter. Finally, Grandfield & Dodd LLC boosted its stake in Hexcel by 1.0% in the third quarter. Grandfield & Dodd LLC now owns 330,077 shares of the aerospace company’s stock worth $27,700,000 after purchasing an additional 3,161 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

About Hexcel

Hexcel Corporation is an advanced materials company that develops and manufactures lightweight, high-performance composite materials and structural components. Its products are designed to improve strength, durability, fuel efficiency, and performance across demanding applications.

The company’s portfolio includes carbon fiber, fiberglass, specialty reinforcements, prepregs, adhesives, honeycomb materials, engineered core products, and composite structures. These materials and components are used in commercial aircraft, military and space systems, helicopters, wind turbine blades, and various industrial applications.

Hexcel serves customers worldwide through manufacturing, research, and distribution operations in North America, Europe, Asia, and other international markets.