Hexcel Co. (NYSE:HXL) Declares Quarterly Dividend of $0.17

Hexcel Co. (NYSE:HXL) declared a quarterly dividend on Monday, April 21st, RTT News reports. Investors of record on Friday, May 2nd will be given a dividend of 0.17 per share by the aerospace company on Friday, May 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.34%.

Hexcel has a payout ratio of 24.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hexcel to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 24.5%.

Hexcel Stock Down 2.9 %

Shares of HXL stock opened at $50.60 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel has a 12 month low of $45.28 and a 12 month high of $73.58. The stock has a market cap of $4.07 billion, a P/E ratio of 31.82, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a 50 day simple moving average of $56.97 and a two-hundred day simple moving average of $60.99.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.06). The company had revenue of $456.50 million during the quarter, compared to analysts’ expectations of $482.18 million. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. During the same quarter last year, the company earned $0.44 earnings per share. On average, research analysts expect that Hexcel will post 2.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a research note on Friday, April 11th. Wells Fargo & Company lowered Hexcel from an “overweight” rating to a “reduce” rating in a research note on Tuesday, April 15th. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada increased their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Truist Financial dropped their target price on shares of Hexcel from $80.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $67.40.

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.