Hexcel (NYSE:HXL) PT Lowered to $84.00

Hexcel (NYSE:HXL) had its price target reduced by Stifel Nicolaus from $86.00 to $84.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

HXL has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reduced their price target on Hexcel from $70.00 to $68.00 and set a hold rating for the company in a research note on Friday, June 28th. Bank of America reaffirmed an underperform rating and set a $65.00 price target (down from $75.00) on shares of Hexcel in a research report on Wednesday, April 10th. Truist Financial dropped their price objective on shares of Hexcel from $96.00 to $90.00 and set a buy rating for the company in a research note on Friday, April 19th. The Goldman Sachs Group raised their target price on shares of Hexcel from $69.00 to $78.00 and gave the stock a neutral rating in a report on Tuesday, April 16th. Finally, UBS Group cut their price target on Hexcel from $73.00 to $71.00 and set a neutral rating for the company in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Hexcel presently has an average rating of Hold and a consensus target price of $76.86.

Hexcel Price Performance

Shares of HXL opened at $63.78 on Tuesday. The company’s 50-day moving average is $67.23 and its 200-day moving average is $69.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.51. The firm has a market capitalization of $5.30 billion, a PE ratio of 54.51, a PEG ratio of 1.17 and a beta of 1.28. Hexcel has a fifty-two week low of $58.81 and a fifty-two week high of $79.08.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $472.30 million for the quarter, compared to analysts’ expectations of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. Equities analysts forecast that Hexcel will post 2.21 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, May 3rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, May 2nd. Hexcel’s dividend payout ratio is presently 51.28%.

Insiders Place Their Bets

In related news, Director Jeffrey C. Campbell purchased 10,000 shares of Hexcel stock in a transaction dated Thursday, April 25th. The shares were bought at an average cost of $64.13 per share, for a total transaction of $641,300.00. Following the purchase, the director now owns 17,803 shares in the company, valued at approximately $1,141,706.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 acquired at an average price of $64.13 per share, with a total value of $641,300.00. Following the purchase, the director now directly owns 17,803 shares in the company, valued at $1,141,706.39. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nick L. Stanage bought 15,000 shares of the business’s stock in a transaction on Friday, April 26th. The stock was bought at an average price of $64.29 per share, for a total transaction of $964,350.00. Following the transaction, the chief executive officer now directly owns 392,446 shares of the company’s stock, valued at $25,230,353.34. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 43,400 shares of company stock valued at $2,820,322. 1.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hexcel

A number of institutional investors and hedge funds have recently bought and sold shares of HXL. Cetera Trust Company N.A bought a new stake in shares of Hexcel during the fourth quarter worth about $30,000. Fidelis Capital Partners LLC acquired a new position in Hexcel in the 1st quarter valued at approximately $36,000. Principal Securities Inc. bought a new position in shares of Hexcel during the fourth quarter valued at $51,000. GAMMA Investing LLC acquired a new position in shares of Hexcel during the fourth quarter worth $53,000. Finally, Centerpoint Advisors LLC grew its stake in shares of Hexcel by 44.6% in the first 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. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.