Hexcel (NYSE:HXL) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Hexcel (NYSE:HXL) from a buy rating to a hold rating in a research note published on Wednesday morning.

HXL has been the subject of a number of other reports. BMO Capital Markets cut their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Truist Financial boosted their price target on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Royal Bank of Canada raised their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, TD Cowen upgraded shares of Hexcel to a “hold” rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and a consensus price target of $73.09.

Hexcel Trading Down 2.2 %

NYSE HXL opened at $62.68 on Wednesday. Hexcel has a one year low of $57.50 and a one year high of $77.09. The firm has a market cap of $5.09 billion, a PE ratio of 39.42, a P/E/G ratio of 1.86 and a beta of 1.31. The firm’s fifty day moving average is $64.88 and its two-hundred day moving average is $62.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) 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%. Analysts expect that Hexcel will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.08%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is presently 42.77%.

Institutional Trading of Hexcel

Hedge funds have recently made changes to their positions in the company. Insigneo Advisory Services LLC grew its holdings in Hexcel by 3.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock valued at $300,000 after purchasing an additional 172 shares in the last quarter. UMB Bank n.a. boosted its position in Hexcel by 1.4% in the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock valued at $926,000 after buying an additional 202 shares during the last quarter. Huntington National Bank grew its stake in shares of Hexcel by 21.4% during the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock valued at $73,000 after acquiring an additional 204 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Hexcel by 21.1% during the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after acquiring an additional 206 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Hexcel by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company’s stock worth $2,243,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors 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.