Hexcel Co. (NYSE:HXL) Receives Consensus Recommendation of “Hold” from Analysts

Hexcel Co. (NYSE:HXL) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $76.57.

Several equities research analysts have commented on the stock. Truist Financial dropped their price target 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. StockNews.com cut shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Wells Fargo & Company boosted their price target on shares of Hexcel from $78.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Bank of America reiterated an “underperform” rating and issued a $65.00 price target (down from $75.00) on shares of Hexcel in a research report on Wednesday, April 10th. Finally, UBS Group dropped their price target on shares of Hexcel from $77.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday.

Hexcel Stock Performance

Shares of HXL opened at $63.25 on Friday. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 54.06, a price-to-earnings-growth ratio of 1.30 and a beta of 1.23. The firm has a fifty day moving average of $70.81 and a 200-day moving average of $69.48. Hexcel has a 1 year low of $58.81 and a 1 year high of $79.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.68 and a current ratio of 2.74.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, April 22nd. The aerospace company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $472.30 million during the quarter, compared to the consensus estimate of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.91%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 earnings per share. As a group, equities analysts anticipate that Hexcel will post 2.22 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.60 annualized dividend and a yield of 0.95%. Hexcel’s payout ratio is presently 51.28%.

Insider Buying and Selling at Hexcel

In other Hexcel news, insider Gina Fitzsimons sold 864 shares of Hexcel stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total transaction of $62,294.40. Following the transaction, the insider now owns 3,375 shares of the company’s stock, valued at approximately $243,337.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Hexcel news, insider Thierry Merlot sold 4,500 shares of Hexcel stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $71.63, for a total transaction of $322,335.00. Following the transaction, the insider now owns 50,371 shares of the company’s stock, valued at approximately $3,608,074.73. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gina Fitzsimons sold 864 shares of Hexcel stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $72.10, for a total value of $62,294.40. Following the transaction, the insider now directly owns 3,375 shares in the company, valued at approximately $243,337.50. The disclosure for this sale can be found here. Company insiders own 1.85% of the company’s stock.

Institutional Investors Weigh In On Hexcel

Large investors have recently made changes to their positions in the company. CENTRAL TRUST Co grew its stake in shares of Hexcel by 68.1% in the 3rd quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock valued at $29,000 after buying an additional 179 shares in the last quarter. Cetera Trust Company N.A bought a new stake in shares of Hexcel in the 4th quarter valued at approximately $30,000. RiverPark Advisors LLC bought a new stake in shares of Hexcel in the 3rd quarter valued at approximately $41,000. Arcadia Investment Management Corp MI grew its stake in shares of Hexcel by 110.2% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 641 shares of the aerospace company’s stock valued at $42,000 after buying an additional 336 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Hexcel in the 4th quarter valued at approximately $51,000. Institutional investors 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.