Hexcel Co. (HXL) to Issue Quarterly Dividend of $0.17 on February 14th

Hexcel Co. (NYSE:HXL) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.17 per share by the aerospace company on Friday, February 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from Hexcel’s previous quarterly dividend of $0.15.

Hexcel has a dividend payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hexcel to earn $2.84 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 23.9%.

Hexcel Trading Down 0.9 %

Shares of HXL opened at $64.14 on Wednesday. The company has a 50 day simple moving average of $64.49 and a two-hundred day simple moving average of $62.67. 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 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The firm has a market cap of $5.19 billion, a P/E ratio of 40.34, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, equities analysts expect that Hexcel will post 2.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HXL. Wells Fargo & Company lifted their price objective on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Truist Financial increased their price target on shares of Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 24th. UBS Group upped their price objective on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Vertical Research downgraded shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $73.09.

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.