Hexcel Co. (NYSE:HXL) Given Consensus Rating of “Hold” by Analysts

Hexcel Co. (NYSE:HXL) has earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $74.54.

Several equities analysts have recently weighed in on HXL shares. Morgan Stanley decreased their target price on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. Royal Bank of Canada cut shares of Hexcel from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $76.00 to $68.00 in a research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hexcel from $70.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, June 28th. UBS Group dropped their price objective on shares of Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, July 1st. Finally, Truist Financial decreased their target price on shares of Hexcel from $88.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th.

Institutional Trading of Hexcel

A number of hedge funds and other institutional investors have recently modified their holdings of HXL. Price T Rowe Associates Inc. MD increased its position in shares of Hexcel by 151.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock valued at $25,086,000 after acquiring an additional 207,434 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Hexcel during the 4th quarter worth approximately $2,185,000. Evoke Wealth LLC acquired a new stake in Hexcel in the 4th quarter valued at approximately $2,036,000. Silvercrest Asset Management Group LLC raised its position in Hexcel by 32.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 80,953 shares of the aerospace company’s stock valued at $5,897,000 after purchasing an additional 19,736 shares during the period. Finally, Seven Eight Capital LP acquired a new position in Hexcel during the first quarter worth $1,109,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Price Performance

Shares of NYSE HXL opened at $61.10 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.55 and a current ratio of 2.75. The firm has a market cap of $5.08 billion, a PE ratio of 52.22, a PEG ratio of 1.33 and a beta of 1.29. Hexcel has a one year low of $58.54 and a one year high of $77.09. The firm has a fifty day moving average of $62.70 and a 200 day moving average of $66.11.

Hexcel (NYSE:HXL) last released its earnings results on Thursday, July 18th. The aerospace company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The business had revenue of $500.40 million during the quarter, compared to analysts’ expectations of $484.26 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, research analysts predict that Hexcel will post 2.08 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 2nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, August 2nd. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

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.