Brokerages Set Hexcel Co. (NYSE:HXL) Price Target at $73.09

Shares of Hexcel Co. (NYSE:HXL) have been given an average rating of “Hold” by the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $73.09.

A number of analysts recently weighed in on HXL shares. TD Cowen upgraded shares of Hexcel to a “hold” rating in a report on Monday, February 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 report on Thursday, November 21st. 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. Wells Fargo & Company lifted their price target on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada upped their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Insigneo Advisory Services LLC lifted its holdings in shares of 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 buying an additional 172 shares during the last quarter. UMB Bank n.a. grew its position in Hexcel by 1.4% in the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock worth $926,000 after acquiring an additional 202 shares in the last quarter. Huntington National Bank grew its position in Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock worth $73,000 after acquiring an additional 204 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Hexcel by 21.1% during the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after purchasing an additional 206 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Hexcel by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company’s stock valued at $2,243,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Up 1.3 %

Shares of HXL stock opened at $57.19 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The stock has a market cap of $4.64 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The business’s fifty day moving average is $63.71 and its 200-day moving average is $62.42. Hexcel has a 1 year low of $55.25 and a 1 year high of $73.58.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. Equities analysts expect that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.17 dividend. The ex-dividend date was Friday, February 7th. This is an increase from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. Hexcel’s dividend payout ratio is 42.77%.

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.