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

Hexcel Co. (NYSE:HXL) has earned an average rating of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four 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 $74.54.

Several brokerages have commented on HXL. Stifel Nicolaus cut their price objective on Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hexcel from $70.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Royal Bank of Canada cut shares of Hexcel from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $76.00 to $68.00 in a research report on Wednesday, August 14th. Truist Financial reduced their target price on shares of Hexcel from $88.00 to $81.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, BMO Capital Markets reduced their price objective on Hexcel from $73.00 to $71.00 and set a “market perform” rating on the stock in a report on Friday, July 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Hexcel by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,914,296 shares of the aerospace company’s stock valued at $576,556,000 after acquiring an additional 67,425 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of Hexcel by 2.9% during the 2nd quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company’s stock valued at $302,008,000 after purchasing an additional 136,290 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Hexcel by 277.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock worth $105,874,000 after purchasing an additional 1,246,765 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Hexcel by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company’s stock worth $87,829,000 after buying an additional 103,679 shares during the last quarter. Finally, Sei Investments Co. increased its position in Hexcel by 6.7% during the 1st quarter. Sei Investments Co. now owns 1,318,541 shares of the aerospace company’s stock valued at $96,056,000 after buying an additional 82,473 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Down 0.6 %

NYSE HXL opened at $60.48 on Tuesday. Hexcel has a 52 week low of $58.54 and a 52 week high of $77.09. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 51.69, a PEG ratio of 1.33 and a beta of 1.29. The company has a quick ratio of 1.55, a current ratio of 2.75 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $63.05 and a two-hundred day moving average of $66.46.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The business had revenue of $500.40 million during the quarter, compared to the consensus estimate of $484.26 million. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. On average, analysts predict that Hexcel will post 2.08 earnings per share for the current year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.99%. Hexcel’s dividend payout ratio is presently 51.28%.

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.