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

Hexcel Co. (NYSE:HXL) has received an average rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $71.54.

Several brokerages have issued reports on HXL. UBS Group upped their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Truist Financial lowered their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Wells Fargo & Company boosted their price target on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley reduced their price objective on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. Finally, Royal Bank of Canada cut Hexcel from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th.

Institutional Trading of Hexcel

A number of hedge funds have recently made changes to their positions in the company. Landscape Capital Management L.L.C. acquired a new stake in Hexcel during the 3rd quarter valued at $485,000. Intech Investment Management LLC boosted its position in Hexcel by 928.7% in the 3rd quarter. Intech Investment Management LLC now owns 74,151 shares of the aerospace company’s stock valued at $4,585,000 after buying an additional 66,943 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Hexcel by 12.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock valued at $35,957,000 after acquiring an additional 63,730 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Hexcel by 53.8% during the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 326 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Hexcel by 5.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,251 shares of the aerospace company’s stock worth $6,446,000 after acquiring an additional 5,270 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

HXL opened at $61.70 on Wednesday. The stock’s 50 day simple moving average is $61.13 and its 200 day simple moving average is $64.06. The stock has a market cap of $5.00 billion, a P/E ratio of 47.10, a P/E/G ratio of 1.82 and a beta of 1.30. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The business had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s revenue was up 8.9% on a year-over-year basis. As a group, equities analysts anticipate that Hexcel will post 2.02 EPS for the current fiscal year.

Hexcel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is 45.80%.

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.