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

Hexcel Co. (NYSE:HXL) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $76.86.

A number of analysts have issued reports on the company. UBS Group reduced their price objective on Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a research note on Monday. Truist Financial reduced their price objective on Hexcel from $96.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $76.00 price objective on shares of Hexcel in a research note on Friday, June 14th. Bank of America reaffirmed an “underperform” rating and issued a $65.00 price objective (down previously from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company raised Hexcel from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $81.00 to $95.00 in a research note on Wednesday, May 8th.

Hexcel Stock Up 1.5 %

NYSE HXL opened at $64.74 on Thursday. The stock’s 50 day moving average is $67.26 and its 200 day moving average is $69.68. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44. Hexcel has a 12 month low of $58.81 and a 12 month high of $79.08. The stock has a market cap of $5.38 billion, a PE ratio of 55.33, a P/E/G ratio of 1.17 and a beta of 1.28.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The company had revenue of $472.30 million for the quarter, compared to analysts’ expectations of $468.93 million. During the same period in the previous year, the firm earned $0.50 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. Research analysts predict that Hexcel will post 2.21 EPS for the current fiscal year.

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, May 3rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, May 2nd. Hexcel’s payout ratio is currently 51.28%.

Insider Activity at Hexcel

In other Hexcel news, Director Jeffrey C. Campbell acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was bought at an average price of $64.13 per share, for a total transaction of $641,300.00. Following the acquisition, the director now directly owns 17,803 shares in the company, valued at $1,141,706.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Catherine A. Suever bought 400 shares of the stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $68.33 per share, for a total transaction of $27,332.00. Following the acquisition, the director now owns 15,748 shares of the company’s stock, valued at $1,076,060.84. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey C. Campbell bought 10,000 shares of the stock in a transaction on Thursday, April 25th. The stock was purchased at an average price of $64.13 per share, with a total value of $641,300.00. Following the completion of the acquisition, the director now directly owns 17,803 shares in the company, valued at approximately $1,141,706.39. The disclosure for this purchase can be found here. Insiders acquired a total of 43,400 shares of company stock worth $2,820,322 in the last quarter. 1.85% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hexcel

Several hedge funds have recently made changes to their positions in HXL. Cetera Trust Company N.A purchased a new stake in shares of Hexcel during the 4th quarter worth $30,000. Fidelis Capital Partners LLC purchased a new stake in shares of Hexcel during the 1st quarter worth $36,000. Principal Securities Inc. purchased a new stake in shares of Hexcel during the 4th quarter worth $51,000. GAMMA Investing LLC purchased a new stake in shares of Hexcel during the 4th quarter worth $53,000. Finally, Centerpoint Advisors LLC lifted its stake in shares of Hexcel by 44.6% during the 1st quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 223 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other 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.