Hexcel (NYSE:HXL) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Hexcel (NYSE:HXL) from a hold rating to a buy rating in a report published on Monday.

HXL has been the topic of a number of other reports. TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Royal Bank of Canada raised their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Truist Financial raised their price objective 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. Wells Fargo & Company raised their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $73.09.

Hexcel Stock Performance

Shares of Hexcel stock opened at $57.90 on Monday. Hexcel has a fifty-two week low of $55.25 and a fifty-two week high of $73.58. The firm has a market cap of $4.70 billion, a P/E ratio of 36.42, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The firm has a 50 day simple moving average of $63.42 and a 200 day simple moving average of $62.34.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) 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%. Sell-side analysts predict that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.17 dividend. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s payout ratio is currently 42.77%.

Hedge Funds Weigh In On Hexcel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC boosted its stake in Hexcel by 3.7% in the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock worth $300,000 after purchasing an additional 172 shares during the period. UMB Bank n.a. boosted its stake in Hexcel by 1.4% in the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock worth $926,000 after purchasing an additional 202 shares during the period. Huntington National Bank boosted its stake in Hexcel by 21.4% in the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock worth $73,000 after purchasing an additional 204 shares during the period. GAMMA Investing LLC boosted its stake in Hexcel by 21.1% in the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after purchasing an additional 206 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in Hexcel by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company’s stock worth $2,243,000 after purchasing an additional 220 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

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.