Hexcel Corporation (NYSE:HXL) Receives Consensus Recommendation of “Hold” from Brokerages

Hexcel Corporation (NYSE:HXL) has been given an average rating of “Hold” by the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $72.00.

Several research firms have weighed in on HXL. Truist Financial boosted their price target on Hexcel from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Friday. Zacks Research upgraded Hexcel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. TD Cowen boosted their price target on Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $65.00 target price on shares of Hexcel in a research note on Wednesday, October 8th.

Hexcel Stock Down 1.6%

Hexcel stock opened at $72.64 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.50 and a current ratio of 2.75. The business’s 50-day simple moving average is $63.83 and its two-hundred day simple moving average is $58.64. The company has a market cap of $5.78 billion, a PE ratio of 85.46, a PEG ratio of 2.49 and a beta of 1.33. Hexcel has a fifty-two week low of $45.28 and a fifty-two week high of $74.35.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $456.20 million for the quarter, compared to analysts’ expectations of $449.99 million. Hexcel had a net margin of 3.67% and a return on equity of 9.25%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. Equities analysts anticipate that Hexcel will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Monday, November 3rd will be paid a $0.17 dividend. The ex-dividend date is Monday, November 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. Hexcel’s dividend payout ratio is presently 80.00%.

Insider Transactions at Hexcel

In other news, insider Thierry Merlot sold 8,897 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $63.86, for a total value of $568,162.42. Following the sale, the insider owned 51,308 shares in the company, valued at $3,276,528.88. This represents a 14.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gina Fitzsimons sold 911 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total value of $59,215.00. Following the completion of the sale, the insider owned 4,283 shares in the company, valued at $278,395. The trade was a 17.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hexcel

A number of large investors have recently bought and sold shares of HXL. GAMMA Investing LLC raised its holdings in Hexcel by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 1,125 shares during the period. SG Americas Securities LLC acquired a new position in Hexcel in the 1st quarter worth about $281,000. State of Alaska Department of Revenue raised its holdings in Hexcel by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 9,497 shares of the aerospace company’s stock worth $520,000 after purchasing an additional 260 shares during the period. Retirement Systems of Alabama raised its holdings in Hexcel by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 98,746 shares of the aerospace company’s stock worth $5,407,000 after purchasing an additional 255 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in Hexcel by 0.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 40,659 shares of the aerospace company’s stock worth $2,226,000 after purchasing an additional 354 shares during the period. 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.