Hexcel Co. (NYSE:HXL) Given Average Recommendation of “Hold” by Analysts

Shares of Hexcel Co. (NYSE:HXL) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $73.09.

Several equities research analysts recently issued reports on HXL shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Royal Bank of Canada boosted their price target on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. TD Cowen upgraded Hexcel to a “hold” rating in a research note on Monday, February 24th. Truist Financial upped their target price on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Friday, March 7th.

Hexcel Price Performance

Shares of NYSE HXL opened at $56.47 on Tuesday. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. Hexcel has a 1-year low of $55.24 and a 1-year high of $73.58. The business has a 50-day moving average of $63.84 and a 200-day moving average of $62.47.

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

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.17 dividend. The ex-dividend date was Friday, February 7th. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.20%. Hexcel’s payout ratio is 42.77%.

Institutional Investors Weigh In On Hexcel

Several institutional investors and hedge funds have recently bought and sold shares of the business. Earnest Partners LLC grew its holdings in shares of Hexcel by 0.8% during the fourth quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company’s stock valued at $301,991,000 after purchasing an additional 37,442 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Hexcel by 4,372.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company’s stock valued at $156,919,000 after purchasing an additional 2,446,716 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Hexcel by 24.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company’s stock worth $125,172,000 after buying an additional 395,744 shares during the last quarter. Sei Investments Co. lifted its stake in Hexcel by 9.0% in the fourth quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company’s stock valued at $92,938,000 after buying an additional 122,281 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Hexcel by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company’s stock valued at $90,104,000 after acquiring an additional 24,393 shares during the period. 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.