Hexcel (HXL) – Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Hexcel (NYSE: HXL):

• 10/23/2024 – Hexcel had its price target raised by analysts at Wells Fargo & Company from $77.00 to $78.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Hexcel was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/18/2024 – Hexcel had its price target lowered by analysts at Truist Financial Co. from $78.00 to $76.00. They now have a “buy” rating on the stock.
• 10/10/2024 – Hexcel was downgraded by analysts at Vertical Research from a “buy” rating to a “hold” rating. They now have a $65.00 price target on the stock.
• 10/3/2024 – Hexcel had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $65.00 to $62.00. They now have a “hold” rating on the stock.
• 9/30/2024 – Hexcel had its price target lowered by analysts at BMO Capital Markets from $71.00 to $70.00. They now have a “market perform” rating on the stock.

Hexcel Stock Performance

NYSE:HXL opened at $62.70 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.55 and a current ratio of 2.75. The company has a fifty day moving average of $61.64 and a two-hundred day moving average of $64.29. The stock has a market capitalization of $5.21 billion, a PE ratio of 53.59, a P/E/G ratio of 1.38 and a beta of 1.29. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. As a group, research analysts forecast that Hexcel Co. will post 2.05 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, November 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is 51.28%.

Institutional Investors Weigh In On Hexcel

A number of hedge funds have recently modified their holdings of HXL. Price T Rowe Associates Inc. MD grew its holdings in shares of Hexcel by 151.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock valued at $25,086,000 after purchasing an additional 207,434 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in Hexcel by 32.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 80,953 shares of the aerospace company’s stock valued at $5,897,000 after purchasing an additional 19,736 shares during the last quarter. Seven Eight Capital LP purchased a new stake in Hexcel in the 1st quarter valued at $1,109,000. Capital World Investors raised its position in Hexcel by 16.4% in the 1st quarter. Capital World Investors now owns 885,547 shares of the aerospace company’s stock valued at $64,512,000 after purchasing an additional 124,900 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Hexcel by 6.7% in 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 during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.