Brokerages Set Hexcel Co. (NYSE:HXL) Price Target at $61.20

Shares of Hexcel Co. (NYSE:HXL - Get Free Report) have been given a consensus rating of "Hold" by the eleven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $61.20.

A number of brokerages have recently weighed in on HXL. BMO Capital Markets cut their price target on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a report on Wednesday, April 23rd. UBS Group decreased their price target on Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Barclays decreased their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Wells Fargo & Company reduced their price target on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, Truist Financial cut their target price on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd.

Institutional Trading of Hexcel

A number of large investors have recently bought and sold shares of HXL. Jennison Associates LLC boosted its position in shares of Hexcel by 10,767.3% during the 1st quarter. Jennison Associates LLC now owns 392,091 shares of the aerospace company's stock valued at $21,471,000 after purchasing an additional 388,483 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Hexcel by 13.9% during the 1st quarter. Victory Capital Management Inc. now owns 17,531 shares of the aerospace company's stock worth $960,000 after buying an additional 2,143 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Hexcel by 0.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,013,875 shares of the aerospace company's stock valued at $110,280,000 after acquiring an additional 17,512 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Hexcel by 416.9% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,166,489 shares of the aerospace company's stock valued at $63,877,000 after acquiring an additional 940,839 shares during the period. Finally, ELCO Management Co. LLC increased its stake in Hexcel by 9.8% in the first quarter. ELCO Management Co. LLC now owns 73,310 shares of the aerospace company's stock valued at $4,014,000 after purchasing an additional 6,550 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Stock Performance

NYSE:HXL traded up $0.27 during mid-day trading on Wednesday, reaching $49.92. 37,923 shares of the company's stock were exchanged, compared to its average volume of 953,029. The business's fifty day simple moving average is $54.29 and its two-hundred day simple moving average is $60.29. Hexcel has a one year low of $45.28 and a one year high of $73.58. The firm has a market capitalization of $4.01 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21.

Hexcel (NYSE:HXL - Get Free Report) last released its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). Hexcel had a net margin of 6.94% and a return on equity of 10.66%. The company had revenue of $456.50 million for the quarter, compared to the consensus estimate of $482.18 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. Analysts anticipate that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, May 2nd. Hexcel's dividend payout ratio is presently 45.03%.

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.