Hexcel Co. (NYSE:HXL) Given Average Recommendation of "Hold" by Analysts

Shares of Hexcel Co. (NYSE:HXL - Get Free Report) have earned a consensus rating of "Hold" from the eleven analysts that are currently covering the stock, MarketBeat Ratings 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 target price among brokerages that have issued ratings on the stock in the last year is $61.20.

Several equities research analysts have recently issued reports on the company. UBS Group reduced their price target on Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Truist Financial dropped their price target on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. StockNews.com lowered shares of Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Royal Bank of Canada lowered their target price on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. UMB Bank n.a. increased its position in Hexcel by 1.4% during the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock worth $926,000 after acquiring an additional 202 shares during the period. Huntington National Bank increased its holdings in shares of Hexcel by 21.4% during the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after purchasing an additional 204 shares during the period. GAMMA Investing LLC raised its position in shares of Hexcel by 21.1% during the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock valued at $74,000 after buying an additional 206 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of Hexcel by 4.5% in the fourth quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock valued at $318,000 after buying an additional 218 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in Hexcel by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company's stock worth $2,243,000 after buying an additional 220 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Price Performance

NYSE HXL opened at $49.80 on Wednesday. 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 capitalization of $4.00 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The company has a 50 day simple moving average of $55.11 and a 200-day simple moving average of $60.56. Hexcel has a 52-week low of $45.28 and a 52-week high of $73.58.

Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) 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 analyst estimates of $482.18 million. During the same period last year, the business earned $0.44 EPS. Equities research analysts predict that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is currently 45.03%.

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.

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