Hexcel (NYSE:HXL) Given New $68.00 Price Target at Deutsche Bank Aktiengesellschaft

Hexcel (NYSE:HXL) had its target price reduced by Deutsche Bank Aktiengesellschaft from $70.00 to $68.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

HXL has been the topic of a number of other research reports. The Goldman Sachs Group lifted their price target on shares of Hexcel from $69.00 to $78.00 and gave the company a neutral rating in a research report on Tuesday, April 16th. Bank of America reissued an underperform rating and issued a $65.00 price target (down previously from $75.00) on shares of Hexcel in a research report on Wednesday, April 10th. Royal Bank of Canada reaffirmed an outperform rating and set a $76.00 target price on shares of Hexcel in a research report on Friday, June 14th. Truist Financial dropped their target price on shares of Hexcel from $96.00 to $90.00 and set a buy rating on the stock in a research report on Friday, April 19th. Finally, UBS Group dropped their target price on shares of Hexcel from $77.00 to $73.00 and set a neutral rating on the stock in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $77.14.

Hexcel Price Performance

NYSE HXL opened at $62.46 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $5.19 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31. The company has a 50 day moving average price of $67.23 and a two-hundred day moving average price of $69.90. Hexcel has a 12-month low of $58.81 and a 12-month high of $79.08.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The company had revenue of $472.30 million for the quarter, compared to analyst estimates of $468.93 million. During the same quarter last year, the firm posted $0.50 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts predict that Hexcel will post 2.21 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, May 3rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 2nd. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

Insider Buying and Selling at Hexcel

In other Hexcel news, Director Catherine A. Suever purchased 400 shares of the stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $68.33 per share, with a total value of $27,332.00. Following the acquisition, the director now directly owns 15,748 shares of the company’s stock, valued at approximately $1,076,060.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Catherine A. Suever bought 400 shares of Hexcel stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $68.33 per share, for a total transaction of $27,332.00. Following the purchase, the director now owns 15,748 shares of the company’s stock, valued at $1,076,060.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey C. Campbell bought 10,000 shares of Hexcel stock in a transaction dated Thursday, April 25th. The stock was purchased at an average price of $64.13 per share, for a total transaction of $641,300.00. Following the purchase, the director now directly owns 17,803 shares in the company, valued at approximately $1,141,706.39. The disclosure for this purchase can be found here. Insiders have acquired 43,400 shares of company stock valued at $2,820,322 in the last 90 days. 1.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hexcel

Several institutional investors and hedge funds have recently made changes to their positions in the company. Trexquant Investment LP acquired a new position in Hexcel during the 4th quarter worth about $2,185,000. Sequoia Financial Advisors LLC acquired a new position in Hexcel during the 4th quarter worth about $2,362,000. Evoke Wealth LLC acquired a new position in Hexcel during the 4th quarter worth about $2,036,000. Ceredex Value Advisors LLC lifted its position in Hexcel by 16.4% during the 4th quarter. Ceredex Value Advisors LLC now owns 217,202 shares of the aerospace company’s stock worth $16,019,000 after buying an additional 30,652 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. lifted its position in Hexcel by 71.6% during the 4th quarter. Speece Thorson Capital Group Inc. now owns 179,670 shares of the aerospace company’s stock worth $13,251,000 after buying an additional 74,957 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.