Hexcel Co. (NYSE:HXL) Receives Average Recommendation of “Hold” from Analysts

Hexcel Co. (NYSE:HXL) has been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $70.58.

A number of brokerages have weighed in on HXL. Vertical Research downgraded shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research report on Thursday, October 10th. BMO Capital Markets reduced their price target on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. UBS Group raised their price objective on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Royal Bank of Canada lowered Hexcel from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $76.00 to $68.00 in a research report on Wednesday, August 14th. Finally, Truist Financial cut their price target on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday, October 18th.

Hexcel Stock Down 0.3 %

Shares of HXL opened at $62.55 on Friday. The stock’s 50-day moving average price is $61.37 and its 200-day moving average price is $62.99. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 47.75, a PEG ratio of 2.02 and a beta of 1.30. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. During the same quarter last year, the company earned $0.38 EPS. The business’s revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts predict that Hexcel will post 2.02 EPS for the current year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s dividend payout ratio is currently 45.80%.

Institutional Trading of Hexcel

A number of hedge funds have recently bought and sold shares of HXL. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Hexcel in the first quarter valued at approximately $245,000. Tidal Investments LLC grew its holdings in Hexcel by 40.6% in the 1st quarter. Tidal Investments LLC now owns 5,415 shares of the aerospace company’s stock valued at $394,000 after buying an additional 1,564 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Hexcel in the 1st quarter worth $394,000. Transcend Capital Advisors LLC raised its holdings in shares of Hexcel by 19.2% during the 2nd quarter. Transcend Capital Advisors LLC now owns 3,592 shares of the aerospace company’s stock worth $224,000 after acquiring an additional 579 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Hexcel by 34.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after acquiring an additional 276 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

About Hexcel

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.