Deutsche Bank Aktiengesellschaft Cuts Hexcel (NYSE:HXL) Price Target to $70.00

Hexcel (NYSE:HXL) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $71.00 to $70.00 in a research report report published on Tuesday, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

Other analysts have also recently issued reports about the stock. UBS Group reduced their target price on shares of Hexcel from $77.00 to $73.00 and set a neutral rating for the company in a report on Wednesday, April 24th. Barclays decreased their target price on Hexcel from $80.00 to $75.00 and set an equal weight rating on the stock in a report on Tuesday, January 30th. Stifel Nicolaus cut their price target on Hexcel from $90.00 to $86.00 and set a buy rating for the company in a report on Wednesday, April 17th. StockNews.com downgraded Hexcel from a buy rating to a hold rating in a research note on Saturday, February 3rd. Finally, Morgan Stanley downgraded Hexcel from an equal weight rating to an underweight rating and cut their price objective for the company from $70.00 to $66.00 in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $76.57.

Hexcel Stock Performance

HXL stock opened at $68.14 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.51. Hexcel has a 1 year low of $58.81 and a 1 year high of $79.08. The company has a market cap of $5.66 billion, a P/E ratio of 58.24, a price-to-earnings-growth ratio of 1.43 and a beta of 1.25. The stock’s fifty day moving average price is $69.85 and its 200-day moving average price is $69.37.

Hexcel (NYSE:HXL) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The business had revenue of $472.30 million for the quarter, compared to analysts’ expectations of $468.93 million. During the same period last year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Hexcel will post 2.22 earnings per share for the current year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. Hexcel’s dividend payout ratio is currently 51.28%.

Insiders Place Their Bets

In related news, insider Gina Fitzsimons sold 864 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total value of $62,294.40. Following the sale, the insider now directly owns 3,375 shares in the company, valued at $243,337.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Gina Fitzsimons sold 864 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total value of $62,294.40. Following the sale, the insider now owns 3,375 shares in the company, valued at $243,337.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey C. Campbell purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were acquired at an average cost of $64.13 per share, for a total transaction of $641,300.00. Following the purchase, the director now owns 17,803 shares of the company’s stock, valued at $1,141,706.39. The disclosure for this purchase can be found here. Insiders have purchased a total of 43,000 shares of company stock worth $2,792,990 in the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC bought a new stake in shares of Hexcel in the 4th quarter valued at approximately $2,362,000. Ceredex Value Advisors LLC boosted its stake in Hexcel by 16.4% during the fourth quarter. Ceredex Value Advisors LLC now owns 217,202 shares of the aerospace company’s stock worth $16,019,000 after buying an additional 30,652 shares during the period. Natixis Advisors L.P. increased its position in Hexcel by 6.3% during the third quarter. Natixis Advisors L.P. now owns 155,323 shares of the aerospace company’s stock valued at $10,118,000 after acquiring an additional 9,242 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Hexcel in the third quarter valued at $1,283,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Hexcel by 73.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 66,141 shares of the aerospace company’s stock worth $4,308,000 after acquiring an additional 28,010 shares during the last quarter. Hedge funds and other institutional investors 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.