Hexcel (NYSE:HXL) Price Target Raised to $87.00

Hexcel (NYSE:HXL) had its price target boosted by Wells Fargo & Company from $81.00 to $87.00 in a report issued on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the aerospace company’s stock.

Several other equities research analysts have also commented on HXL. BMO Capital Markets lowered their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. Truist Financial lowered their price target on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a report on Thursday, October 10th. TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada upgraded Hexcel from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $68.00 to $74.00 in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and an average price target of $73.25.

Hexcel Stock Down 4.5 %

NYSE:HXL opened at $67.48 on Friday. The firm has a market capitalization of $5.47 billion, a P/E ratio of 42.44, a PEG ratio of 1.94 and a beta of 1.30. The company’s fifty day moving average price is $63.73 and its 200-day moving average price is $62.68. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.55% and a net margin of 6.94%. As a group, equities research analysts anticipate that Hexcel will post 2.34 EPS for the current year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a 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 is Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is 42.77%.

Institutional Investors Weigh In On Hexcel

Several hedge funds and other institutional investors have recently made changes to their positions in HXL. Willis Investment Counsel raised its stake in Hexcel by 2.2% during the fourth quarter. Willis Investment Counsel now owns 16,850 shares of the aerospace company’s stock worth $1,056,000 after purchasing an additional 362 shares during the period. DAVENPORT & Co LLC lifted its holdings in Hexcel by 1,153.9% in the fourth quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company’s stock valued at $33,546,000 after acquiring an additional 493,218 shares during the last quarter. OLD National Bancorp IN grew its position in Hexcel by 20.3% in the fourth quarter. OLD National Bancorp IN now owns 4,091 shares of the aerospace company’s stock worth $257,000 after acquiring an additional 691 shares during the period. KBC Group NV increased its stake in Hexcel by 57.6% during the fourth quarter. KBC Group NV now owns 3,568 shares of the aerospace company’s stock worth $224,000 after acquiring an additional 1,304 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Hexcel by 8.0% in the 4th quarter. Blue Trust Inc. now owns 6,158 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 454 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.