Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates through two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and trains. The Engineered Products segment manufactures and markets aircraft structures and finished aircraft components, including wing to body fairings, wing panels, flight deck panels, door liners, rotorcraft blades, spars, and tip caps; and aircraft structural sub-components and semi-finished components used in rotorcraft blades, engine nacelles, and aircraft surfaces, such as flaps, wings, elevators, and fairings. The company sells its products directly through its managers, product managers, and sales personnel, as well as through independent distributors and manufacturer representatives in the Americas, Europe, the Asia Pacific, India, and Africa. Hexcel Corporation was founded in 1946 and is headquartered in Stamford, Connecticut.
Hexcel Trading Up 1.2 %
HXL opened at $63.74 on Monday. The firm has a market cap of $5.36 billion, a PE ratio of 59.57 and a beta of 1.26. Hexcel has a twelve month low of $46.77 and a twelve month high of $65.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.55 and a current ratio of 2.55. The firm's fifty day moving average is $55.74 and its two-hundred day moving average is $55.65.
Hexcel (NYSE:HXL - Get Rating) last released its earnings results on Monday, July 25th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $393.00 million during the quarter, compared to analysts' expectations of $391.89 million. Hexcel had a return on equity of 4.79% and a net margin of 6.12%. The company's revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. Equities research analysts anticipate that Hexcel will post 1.2 EPS for the current year.
Hexcel Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, August 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $0.40 annualized dividend and a yield of 0.63%. Hexcel's dividend payout ratio (DPR) is presently 37.38%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on HXL. BMO Capital Markets upped their price objective on shares of Hexcel from $57.00 to $66.00 and gave the company a "market perform" rating in a research report on Tuesday, August 2nd. Wells Fargo & Company increased their price objective on shares of Hexcel to $63.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th. Bank of America upgraded shares of Hexcel from an "underperform" rating to a "buy" rating and raised their price target for the company from $45.00 to $65.00 in a research note on Wednesday, May 4th. Royal Bank of Canada raised their price objective on shares of Hexcel from $55.00 to $60.00 in a research note on Wednesday, April 27th. Finally, Vertical Research raised their target price on shares of Hexcel to $60.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Hexcel currently has a consensus rating of "Hold" and a consensus target price of $58.30.