Hexcel Co. (NYSE:HXL) Given Average Rating of “Hold” by Brokerages

Shares of Hexcel Co. (NYSE:HXL) have been assigned a consensus rating of “Hold” from the twelve analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $70.73.

Several brokerages have recently issued reports on HXL. TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Monday, February 24th. Wells Fargo & Company lowered their target price on shares of Hexcel from $87.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday. Royal Bank of Canada raised their price objective on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Truist Financial cut their target price on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th.

Hexcel Stock Performance

Hexcel stock opened at $53.31 on Friday. The company’s 50-day moving average is $59.06 and its two-hundred day moving average is $61.50. The company has a market cap of $4.29 billion, a PE ratio of 33.53, a PEG ratio of 1.72 and a beta of 1.08. Hexcel has a 1 year low of $45.28 and a 1 year high of $73.58. 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 (NYSE:HXL) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. Equities analysts anticipate that Hexcel will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, February 7th. This is a boost from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is currently 42.77%.

Institutional Investors Weigh In On Hexcel

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of Hexcel by 32.1% in the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after acquiring an additional 17,011 shares during the last quarter. FMR LLC lifted its holdings in shares of Hexcel by 11.7% during the third quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after purchasing an additional 8,135 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hexcel by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company’s stock worth $68,021,000 after purchasing an additional 24,133 shares during the period. Kopion Asset Management LLC grew its position in shares of Hexcel by 11.2% in the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock valued at $6,142,000 after buying an additional 9,861 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Hexcel in the fourth quarter valued at about $242,000. 95.47% of the stock is owned by institutional investors.

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.