Hexcel Co. (NYSE:HXL) Receives $73.09 Average Price Target from Analysts

Hexcel Co. (NYSE:HXL) has been given a consensus rating of “Hold” by the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $73.09.

A number of research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada lifted their price objective on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. TD Cowen raised Hexcel to a “hold” rating in a report on Monday, February 24th. Truist Financial lifted their price target on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st.

Hexcel Stock Up 1.8 %

HXL opened at $56.47 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. Hexcel has a 12 month low of $55.24 and a 12 month high of $73.58. The stock has a market capitalization of $4.58 billion, a P/E ratio of 35.51, a P/E/G ratio of 1.72 and a beta of 1.30. The business has a 50 day simple moving average of $63.84 and a 200-day simple moving average of $62.47.

Hexcel (NYSE:HXL) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. On average, equities analysts anticipate that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.17 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is currently 42.77%.

Institutional Trading of Hexcel

Hedge funds have recently added to or reduced their stakes in the business. Speece Thorson Capital Group Inc. boosted its position in shares of Hexcel by 15.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock worth $15,140,000 after acquiring an additional 32,960 shares during the last quarter. Barclays PLC raised its stake in Hexcel by 32.1% during the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock worth $4,330,000 after purchasing an additional 17,011 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Hexcel by 12.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock valued at $35,957,000 after purchasing an additional 63,730 shares during the last quarter. FMR LLC increased its holdings in shares of Hexcel by 11.7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after buying an additional 8,135 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Hexcel by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company’s stock worth $68,021,000 after buying an additional 24,133 shares during the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

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.