Hexcel (NYSE:HXL) Upgraded at StockNews.com

StockNews.com upgraded shares of Hexcel (NYSE:HXL) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

Several other equities analysts also recently commented on the stock. UBS Group upped their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Truist Financial upped their price target on shares of Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 24th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research note on Thursday, December 19th. Wells Fargo & Company upped their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Hexcel currently has an average rating of “Hold” and an average target price of $73.09.

Hexcel Price Performance

NYSE:HXL opened at $64.16 on Tuesday. Hexcel has a one year low of $57.50 and a one year high of $77.09. The company has a market cap of $5.21 billion, a P/E ratio of 40.35, a P/E/G ratio of 1.84 and a beta of 1.31. The firm’s fifty day moving average price is $64.69 and its two-hundred day moving average price is $62.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. Equities analysts expect that Hexcel will post 2.16 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.17 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is 37.74%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its holdings in Hexcel by 24.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company’s stock valued at $125,172,000 after buying an additional 395,744 shares during the last quarter. Sei Investments Co. raised its holdings in Hexcel by 9.0% in the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company’s stock valued at $92,938,000 after buying an additional 122,281 shares during the last quarter. Brandes Investment Partners LP raised its holdings in Hexcel by 99.6% in the 4th quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company’s stock valued at $81,803,000 after buying an additional 651,062 shares during the last quarter. American Century Companies Inc. raised its holdings in Hexcel by 66.9% in the 4th quarter. American Century Companies Inc. now owns 1,198,136 shares of the aerospace company’s stock valued at $75,123,000 after buying an additional 480,207 shares during the last quarter. Finally, Copeland Capital Management LLC raised its holdings in Hexcel by 12.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company’s stock valued at $71,810,000 after buying an additional 129,335 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

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.