Research Analysts’ Weekly Ratings Updates for Hexcel (HXL)

Several brokerages have updated their recommendations and price targets on shares of Hexcel (NYSE: HXL) in the last few weeks:

• 11/1/2024 – Hexcel had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $64.00 to $63.00. They now have a “hold” rating on the stock.
• 10/28/2024 – Hexcel had its price target lowered by analysts at BMO Capital Markets from $70.00 to $68.00. They now have a “market perform” rating on the stock.
• 10/25/2024 – Hexcel had its price target raised by analysts at UBS Group AG from $67.00 to $69.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Hexcel had its price target raised by analysts at Wells Fargo & Company from $77.00 to $78.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Hexcel was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/18/2024 – Hexcel had its price target lowered by analysts at Truist Financial Co. from $78.00 to $76.00. They now have a “buy” rating on the stock.
• 10/10/2024 – Hexcel was downgraded by analysts at Vertical Research from a “buy” rating to a “hold” rating. They now have a $65.00 price target on the stock.
• 10/3/2024 – Hexcel had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $65.00 to $62.00. They now have a “hold” rating on the stock.
• 9/30/2024 – Hexcel had its price target lowered by analysts at BMO Capital Markets from $71.00 to $70.00. They now have a “market perform” rating on the stock.

Hexcel Stock Performance

HXL traded up $0.08 during trading on Wednesday, reaching $61.32. 666,638 shares of the company’s stock were exchanged, compared to its average volume of 870,326. Hexcel Co. has a 1 year low of $57.50 and a 1 year high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The stock has a market capitalization of $4.97 billion, a P/E ratio of 46.81, a price-to-earnings-growth ratio of 1.81 and a beta of 1.30. The company’s fifty day simple moving average is $61.12 and its 200-day simple moving average is $64.02.

Hexcel (NYSE:HXL) last posted its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.00 million during the quarter, compared to analyst estimates of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. As a group, research analysts predict that Hexcel Co. will post 2.02 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is 45.80%.

Hedge Funds Weigh In On Hexcel

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Hexcel by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 7,914,296 shares of the aerospace company’s stock valued at $576,556,000 after purchasing an additional 67,425 shares in the last quarter. Earnest Partners LLC grew its stake in Hexcel by 2.9% in the 2nd quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company’s stock valued at $302,008,000 after acquiring an additional 136,290 shares during the period. AQR Capital Management LLC grew its stake in Hexcel by 277.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after acquiring an additional 1,246,765 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Hexcel by 36.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after acquiring an additional 425,402 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Hexcel by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company’s stock valued at $87,829,000 after acquiring an additional 103,679 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.