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

Shares of Hexcel Co. (NYSE:HXL) have been given a consensus rating of “Hold” by the fourteen brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $75.71.

A number of equities research analysts have issued reports on HXL shares. Northcoast Research downgraded shares of Hexcel from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. Morgan Stanley reduced their price objective on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. BMO Capital Markets reduced their price objective on shares of Hexcel from $73.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, July 19th. Truist Financial reduced their price target 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. Finally, Stifel Nicolaus reduced their price target on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd.

Institutional Investors Weigh In On Hexcel

Several hedge funds have recently added to or reduced their stakes in HXL. Raymond James Financial Services Advisors Inc. raised its holdings in Hexcel by 2.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,989 shares of the aerospace company’s stock worth $663,000 after purchasing an additional 215 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Hexcel by 77.5% during the 4th quarter. Pacer Advisors Inc. now owns 12,634 shares of the aerospace company’s stock worth $932,000 after purchasing an additional 5,516 shares during the last quarter. Blue Trust Inc. raised its holdings in Hexcel by 18.4% during the 4th quarter. Blue Trust Inc. now owns 3,193 shares of the aerospace company’s stock worth $235,000 after purchasing an additional 496 shares during the last quarter. Fifth Third Bancorp raised its holdings in Hexcel by 4.9% during the 4th quarter. Fifth Third Bancorp now owns 48,374 shares of the aerospace company’s stock worth $3,568,000 after purchasing an additional 2,274 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Hexcel during the 4th quarter worth approximately $4,770,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Price Performance

NYSE:HXL opened at $62.24 on Monday. Hexcel has a 52 week low of $58.81 and a 52 week high of $77.09. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 53.20, a P/E/G ratio of 1.44 and a beta of 1.28. The firm’s 50-day simple moving average is $65.09 and its 200 day simple moving average is $68.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.55 and a current ratio of 2.75.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $500.40 million for the quarter, compared to the consensus estimate of $484.26 million. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. As a group, sell-side analysts predict that Hexcel will post 2.09 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, August 2nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $0.60 annualized dividend and a yield of 0.96%. Hexcel’s dividend payout ratio 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.