Hexcel Co. (NYSE:HXL) Receives $76.86 Consensus Target Price from Analysts

Hexcel Co. (NYSE:HXL) has received a consensus rating of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $76.86.

Several analysts recently weighed in on the stock. Northcoast Research cut shares of Hexcel from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $76.00 price objective on shares of Hexcel in a research note on Friday, June 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hexcel from $70.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Truist Financial reduced their price objective on shares of Hexcel from $96.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Finally, Wells Fargo & Company raised shares of Hexcel from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $81.00 to $95.00 in a research note on Wednesday, May 8th.

Insider Transactions at Hexcel

In related news, Director Jeffrey C. Campbell acquired 10,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were bought at an average price of $64.13 per share, with a total value of $641,300.00. Following the transaction, the director now directly owns 17,803 shares of the company’s stock, valued at $1,141,706.39. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Tom Gentile acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were bought at an average price of $66.25 per share, with a total value of $993,750.00. Following the transaction, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at $993,750. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey C. Campbell purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was acquired at an average cost of $64.13 per share, for a total transaction of $641,300.00. Following the transaction, the director now owns 17,803 shares in the company, valued at approximately $1,141,706.39. The disclosure for this purchase can be found here. Insiders have purchased 43,400 shares of company stock valued at $2,820,322 in the last 90 days. 1.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hexcel

Large investors have recently added to or reduced their stakes in the business. Trexquant Investment LP bought a new position in Hexcel in the 4th quarter valued at about $2,185,000. Sequoia Financial Advisors LLC bought a new position in Hexcel in the 4th quarter valued at about $2,362,000. Evoke Wealth LLC bought a new position in Hexcel in the 4th quarter valued at about $2,036,000. Ceredex Value Advisors LLC lifted its position in Hexcel by 16.4% in the 4th quarter. Ceredex Value Advisors LLC now owns 217,202 shares of the aerospace company’s stock valued at $16,019,000 after acquiring an additional 30,652 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. lifted its position in Hexcel by 71.6% in the 4th quarter. Speece Thorson Capital Group Inc. now owns 179,670 shares of the aerospace company’s stock valued at $13,251,000 after acquiring an additional 74,957 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

NYSE HXL opened at $64.74 on Thursday. The firm’s fifty day moving average price is $67.27 and its two-hundred day moving average price is $69.48. The stock has a market cap of $5.38 billion, a PE ratio of 55.33, a PEG ratio of 1.24 and a beta of 1.28. Hexcel has a fifty-two week low of $58.81 and a fifty-two week high of $79.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.74.

Hexcel (NYSE:HXL) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $472.30 million for the quarter, compared to analysts’ expectations of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. On average, equities analysts expect that Hexcel will post 2.18 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, May 3rd were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. 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.