Hexcel Corporation (NYSE:HXL) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Hexcel Corporation has received an average rating of "Hold" from ten research firms, with one analyst recommending a sell and two suggesting a buy.
• The company's quarterly earnings beat estimates, reporting $0.50 EPS compared to the expected $0.46, although revenue decreased by 2.1% year-over-year.
• Hexcel has declared a quarterly dividend of $0.17 per share, which will be paid on August 15th to shareholders of record by August 8th, indicating a dividend yield of 1.1%.

Shares of Hexcel Corporation (NYSE:HXL - Get Free Report) have earned an average rating of "Hold" from the ten research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $63.3333.

Several analysts recently commented on HXL shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $70.00 target price (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. UBS Group boosted their price target on Hexcel from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen cut Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th. Truist Financial decreased their price target on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, BMO Capital Markets upped their target price on Hexcel from $52.00 to $67.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th.

Hexcel Stock Performance

HXL opened at $61.12 on Friday. Hexcel has a 52-week low of $45.28 and a 52-week high of $71.05. The firm has a market capitalization of $4.86 billion, a PE ratio of 56.59, a PEG ratio of 2.01 and a beta of 1.36. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69. The business's 50-day simple moving average is $57.89 and its 200 day simple moving average is $57.32.

Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The business had revenue of $489.90 million during the quarter, compared to the consensus estimate of $482.20 million. During the same period last year, the business posted $0.60 EPS. Hexcel's revenue was down 2.1% on a year-over-year basis. As a group, sell-side analysts expect that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 8th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 8th. Hexcel's payout ratio is currently 62.96%.

Institutional Investors Weigh In On Hexcel

Several institutional investors and hedge funds have recently made changes to their positions in the business. Trust Co. of Toledo NA OH bought a new position in Hexcel during the second quarter worth $26,000. NewSquare Capital LLC boosted its holdings in Hexcel by 379.0% during the 2nd quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company's stock worth $27,000 after acquiring an additional 379 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Hexcel by 325.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company's stock worth $28,000 after purchasing an additional 377 shares in the last quarter. Park Place Capital Corp increased its position in shares of Hexcel by 65.1% during the second quarter. Park Place Capital Corp now owns 497 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 196 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Hexcel during the 2nd quarter valued at $28,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.