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

Hexcel Co. (NYSE:HXL) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $71.33.

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Thursday, December 19th. BMO Capital Markets decreased their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Finally, Wells Fargo & Company lifted their price target on Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th.

Institutional Trading of Hexcel

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Earnest Partners LLC raised its position in shares of Hexcel by 2.9% in the second quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company’s stock valued at $302,008,000 after buying an additional 136,290 shares in the last quarter. AQR Capital Management LLC increased its stake in Hexcel by 277.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock worth $105,874,000 after acquiring an additional 1,246,765 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Hexcel by 36.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after purchasing an additional 425,402 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hexcel by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company’s stock valued at $87,829,000 after buying an additional 103,679 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its position in shares of Hexcel by 12.5% during the 3rd quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company’s stock worth $71,810,000 after acquiring an additional 129,335 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Up 0.6 %

Shares of HXL stock opened at $62.81 on Thursday. Hexcel has a 12-month low of $57.50 and a 12-month high of $77.09. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average of $62.08 and a 200-day moving average of $62.49. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 47.95, a P/E/G ratio of 1.96 and a beta of 1.30.

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, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. As a group, equities research analysts predict that Hexcel will post 2.02 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.96%. Hexcel’s dividend payout ratio (DPR) is presently 45.80%.

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.