Brokerages Set Hexcel Co. (NYSE:HXL) PT at $74.54

Hexcel Co. (NYSE:HXL) has received a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. Two investment 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 target price among brokers that have issued ratings on the stock in the last year is $74.54.

Several brokerages have recently issued reports on HXL. UBS Group decreased their price objective on Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, July 1st. Stifel Nicolaus lowered their price target on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Hexcel from $70.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, June 28th. Truist Financial cut their price target on Hexcel from $88.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada cut Hexcel from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $76.00 to $68.00 in a research note on Wednesday, August 14th.

Hedge Funds Weigh In On Hexcel

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

Hexcel Trading Up 1.2 %

Shares of NYSE HXL opened at $61.21 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 1.55 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $5.09 billion, a PE ratio of 52.32, a PEG ratio of 1.33 and a beta of 1.29. Hexcel has a twelve month low of $58.54 and a twelve month high of $77.09. The stock has a fifty day simple moving average of $62.90 and a 200-day simple moving average of $66.32.

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

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, August 2nd. Hexcel’s dividend payout ratio is currently 51.28%.

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.