Hexcel Co. (NYSE:HXL) Receives $73.09 Consensus Target Price from Brokerages

Shares of Hexcel Co. (NYSE:HXL) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $73.09.

Several research analysts have commented on the company. UBS Group lifted their price target on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. BMO Capital Markets dropped their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. TD Cowen upgraded Hexcel to a “hold” rating in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Finally, Royal Bank of Canada increased their price objective on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, January 24th.

Institutional Trading of Hexcel

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Hexcel by 11.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 239,700 shares of the aerospace company’s stock worth $15,029,000 after acquiring an additional 24,057 shares during the period. Voloridge Investment Management LLC raised its position in shares of Hexcel by 0.5% during the 4th quarter. Voloridge Investment Management LLC now owns 513,318 shares of the aerospace company’s stock valued at $32,185,000 after buying an additional 2,306 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Hexcel during the fourth quarter worth $12,450,000. Strategic Wealth Partners Ltd. bought a new stake in Hexcel during the 4th quarter valued at about $1,168,000. Finally, Sea Cliff Partners Management LP boosted its holdings in shares of Hexcel by 6.5% in the fourth quarter. Sea Cliff Partners Management LP now owns 368,000 shares of the aerospace company’s stock valued at $23,074,000 after purchasing an additional 22,408 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Stock Performance

HXL opened at $67.40 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel has a twelve month low of $57.50 and a twelve month high of $77.09. The business’s 50 day moving average is $64.87 and its 200-day moving average is $62.76. The stock has a market cap of $5.47 billion, a PE ratio of 42.39, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. On average, analysts predict that Hexcel will post 2.16 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s payout ratio is presently 37.74%.

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.