Analysts Set Hexcel Co. (NYSE:HXL) PT at $73.09

Shares of Hexcel Co. (NYSE:HXL) have been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the stock, Marketbeat reports. Two 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 12 month price target among brokers that have covered the stock in the last year is $73.09.

HXL has been the topic of several recent research reports. TD Cowen upgraded Hexcel to a “hold” rating in a report on Thursday, December 19th. Truist Financial upped their target price on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 24th. Royal Bank of Canada lifted their price target on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Wells Fargo & Company upped their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Wednesday.

Hexcel Trading Up 3.0 %

NYSE HXL opened at $67.40 on Friday. The company has a fifty day simple moving average of $64.87 and a two-hundred day simple moving average of $62.76. The stock has a market cap of $5.47 billion, a P/E ratio of 42.39, a P/E/G ratio of 1.84 and a beta of 1.31. Hexcel has a 12-month low of $57.50 and a 12-month high of $77.09. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, analysts forecast that Hexcel will post 2.16 earnings per share for the current year.

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.17 dividend. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s payout ratio is currently 37.74%.

Institutional Trading of Hexcel

Several hedge funds and other institutional investors have recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in Hexcel during the 3rd quarter worth approximately $30,000. Allworth Financial LP lifted its holdings in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Hexcel during the fourth quarter worth about $49,000. Manchester Capital Management LLC raised its position in shares of Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after buying an additional 420 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Hexcel during the third quarter valued at approximately $56,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.