Brokerages Set Hexcel Co. (NYSE:HXL) PT at $71.33

Hexcel Co. (NYSE:HXL) has been assigned an average rating of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $71.33.

HXL has been the topic of a number of analyst reports. TD Cowen upgraded Hexcel to a “hold” rating in a research note on Thursday, December 19th. Wells Fargo & Company raised their target price on Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. UBS Group boosted their target price on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. BMO Capital Markets dropped their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. Finally, Truist Financial reduced their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, October 18th.

Hexcel Stock Performance

Shares of HXL opened at $62.70 on Thursday. The stock has a 50-day simple moving average of $62.05 and a 200-day simple moving average of $62.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09. The stock has a market capitalization of $5.08 billion, a PE ratio of 47.86, a PEG ratio of 1.97 and a beta of 1.30.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same period in the prior year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that Hexcel will post 2.02 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.96%. Hexcel’s dividend payout ratio (DPR) is 45.80%.

Institutional Trading of Hexcel

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Financial LLC increased its holdings in shares of Hexcel by 2.9% in the second quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock valued at $335,000 after purchasing an additional 153 shares during the period. Insigneo Advisory Services LLC grew its position in Hexcel by 3.7% in the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock valued at $300,000 after buying an additional 172 shares during the last quarter. Huntington National Bank increased its stake in Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after buying an additional 225 shares during the period. NBW Capital LLC raised its position in Hexcel by 1.1% during the 2nd quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company’s stock worth $1,702,000 after buying an additional 302 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 326 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

About Hexcel

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.