Brokerages Set Hexcel Co. (NYSE:HXL) PT at $72.25

Shares of Hexcel Co. (NYSE:HXL) have been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $72.25.

A number of brokerages have weighed in on HXL. Wells Fargo & Company lifted their price target on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Truist Financial dropped their target price on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, March 28th. Barclays decreased their price target on Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. Royal Bank of Canada lifted their price objective on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 17th.

Hexcel Price Performance

HXL stock opened at $47.76 on Friday. Hexcel has a 52-week low of $45.28 and a 52-week high of $73.58. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The business has a fifty day moving average of $60.32 and a two-hundred day moving average of $61.82.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share 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%. As a group, research analysts anticipate that Hexcel will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.42%. Hexcel’s payout ratio is currently 42.77%.

Institutional Trading of Hexcel

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Hexcel by 10,592.4% in the 1st quarter. GAMMA Investing LLC now owns 126,277 shares of the aerospace company’s stock valued at $69,150,000 after purchasing an additional 125,096 shares during the last quarter. Centre Asset Management LLC grew its stake in shares of Hexcel by 13.1% during the first quarter. Centre Asset Management LLC now owns 141,614 shares of the aerospace company’s stock worth $7,755,000 after purchasing an additional 16,351 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Hexcel by 698.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,356 shares of the aerospace company’s stock valued at $129,000 after buying an additional 2,061 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Hexcel in the fourth quarter valued at $437,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Hexcel by 11.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 239,700 shares of the aerospace company’s stock worth $15,029,000 after buying an additional 24,057 shares during the last quarter. Institutional investors and hedge funds 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.