Hexcel Co. (NYSE:HXL) Given Consensus Rating of “Hold” by Brokerages

Shares of Hexcel Co. (NYSE:HXL) have earned an average recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $61.20.

HXL has been the subject of a number of analyst reports. Wells Fargo & Company cut their price objective on Hexcel from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research report on Monday, February 24th. Royal Bank of Canada cut their target price on shares of Hexcel from $70.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Truist Financial dropped their price target on Hexcel from $73.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Finally, UBS Group decreased their price objective on shares of Hexcel from $53.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd.

Hexcel Stock Down 1.5 %

HXL opened at $49.80 on Wednesday. The company has a market capitalization of $4.00 billion, a P/E ratio of 31.32, a P/E/G ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The firm’s fifty day moving average price is $55.11 and its two-hundred day moving average price is $60.56. Hexcel has a fifty-two week low of $45.28 and a fifty-two week high of $73.58.

Hexcel (NYSE:HXL) last issued its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). The business had revenue of $456.50 million for the quarter, compared to analyst estimates of $482.18 million. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. During the same quarter last year, the firm posted $0.44 earnings per share. On average, analysts anticipate that Hexcel will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, May 2nd. Hexcel’s payout ratio is 45.03%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after buying an additional 17,011 shares during the period. Wilmington Savings Fund Society FSB raised its position in shares of Hexcel by 8.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 65,095 shares of the aerospace company’s stock valued at $4,025,000 after acquiring an additional 5,173 shares during the period. GAMMA Investing LLC raised its position in shares of Hexcel by 21.1% in the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock valued at $74,000 after acquiring an additional 206 shares during the period. Centre Asset Management LLC acquired a new position in Hexcel during the fourth quarter valued at approximately $7,854,000. Finally, Central Pacific Bank Trust Division grew its holdings in Hexcel by 22.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,070 shares of the aerospace company’s stock valued at $192,000 after purchasing an additional 560 shares during the period. 95.47% of the stock is currently owned by institutional investors.

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.