Hexcel (NYSE:HXL) Price Target Increased to $69.00 by Analysts at UBS Group

Hexcel (NYSE:HXL) had its target price boosted by UBS Group from $67.00 to $69.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the aerospace company’s stock.

Other analysts have also issued reports about the company. Royal Bank of Canada lowered Hexcel from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. Stifel Nicolaus lowered their price objective on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Wells Fargo & Company upped their price target on shares of Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a report on Thursday, October 10th. Finally, Truist Financial reduced their price target on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $71.46.

Hexcel Stock Up 1.5 %

HXL stock opened at $63.46 on Friday. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09. The business has a 50-day simple moving average of $61.66 and a 200 day simple moving average of $64.17. The company has a quick ratio of 1.55, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The company has a market cap of $5.14 billion, a PE ratio of 48.44, a price-to-earnings-growth ratio of 1.48 and a beta of 1.29.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. During the same quarter in the prior year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts anticipate that Hexcel will post 2.07 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, November 1st. Hexcel’s payout ratio is 45.80%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HXL. AQR Capital Management LLC raised its holdings in shares of Hexcel by 277.9% during the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after purchasing an additional 1,246,765 shares during the period. Millennium Management LLC increased its holdings in shares of Hexcel by 307.1% during the second quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock valued at $67,421,000 after acquiring an additional 814,402 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Hexcel by 215.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock worth $54,034,000 after purchasing an additional 590,975 shares during the period. Ceredex Value Advisors LLC grew its position in Hexcel by 280.7% in the 2nd quarter. Ceredex Value Advisors LLC now owns 722,290 shares of the aerospace company’s stock valued at $45,107,000 after purchasing an additional 532,550 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Hexcel by 114.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 436,321 shares of the aerospace company’s stock valued at $31,786,000 after purchasing an additional 232,827 shares in the last quarter. Institutional investors and hedge funds 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.