Hexcel Co. (NYSE:HXL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Hexcel Co. (NYSE:HXL) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $73.09.

A number of brokerages recently issued reports on HXL. UBS Group upped their price target on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. TD Cowen raised Hexcel to a “hold” rating in a report on Thursday, December 19th. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a report on Tuesday. Wells Fargo & Company upped their price target on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Truist Financial upped their price target on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 24th.

Institutional Investors Weigh In On Hexcel

Large investors have recently modified their holdings of the stock. True Wealth Design LLC purchased a new stake in shares of Hexcel during the third quarter worth approximately $30,000. Allworth Financial LP raised its stake in shares of Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Hexcel during the fourth quarter worth approximately $49,000. Manchester Capital Management LLC raised its stake in shares of Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 420 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Hexcel during the third quarter worth approximately $56,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

Shares of Hexcel stock opened at $64.16 on Friday. Hexcel has a one year low of $57.50 and a one year high of $77.09. The company has a market cap of $5.21 billion, a PE ratio of 40.35, a P/E/G ratio of 1.84 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The business has a 50-day simple moving average of $64.69 and a 200-day simple moving average of $62.76.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, equities research analysts forecast that Hexcel will post 2.16 EPS for the current fiscal year.

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.06%. This is a boost from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is currently 37.74%.

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.