Hexcel (NYSE:HXL) PT Lowered to $76.00

Hexcel (NYSE:HXL) had its price objective reduced by Truist Financial from $78.00 to $76.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

Several other research analysts have also issued reports on HXL. Stifel Nicolaus lowered their target price on Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd. Morgan Stanley lowered their price objective on Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a research report on Monday, July 22nd. Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Thursday, October 10th. UBS Group decreased their price target on Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a report on Monday, July 1st. Finally, BMO Capital Markets cut their target price on Hexcel from $71.00 to $70.00 and set a “market perform” rating on the stock in a research report on Monday, September 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Hexcel currently has an average rating of “Hold” and an average target price of $73.08.

Hexcel Trading Up 1.4 %

Shares of NYSE HXL opened at $63.61 on Friday. The stock has a market cap of $5.29 billion, a P/E ratio of 54.37, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. The firm has a 50 day moving average price of $61.54 and a two-hundred day moving average price of $64.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.55 and a current ratio of 2.75. Hexcel has a 52-week low of $57.50 and a 52-week high of $77.09.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.94%. Hexcel’s payout ratio is 51.28%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC raised its holdings in shares of Hexcel by 277.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock worth $105,874,000 after acquiring an additional 1,246,765 shares during the last quarter. Millennium Management LLC increased its holdings in Hexcel by 307.1% during the 2nd quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after purchasing an additional 814,402 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Hexcel by 215.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock worth $54,034,000 after purchasing an additional 590,975 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in shares of Hexcel by 280.7% in the second quarter. Ceredex Value Advisors LLC now owns 722,290 shares of the aerospace company’s stock valued at $45,107,000 after purchasing an additional 532,550 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Hexcel by 114.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 436,321 shares of the aerospace company’s stock valued at $31,786,000 after buying an additional 232,827 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.