Hexcel Co. (NYSE:HXL) Announces $0.15 Quarterly Dividend

Hexcel Co. (NYSE:HXL) declared a quarterly dividend on Monday, October 21st, RTT News reports. Stockholders of record on Friday, November 1st will be paid a dividend of 0.15 per share by the aerospace company on Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, November 1st.

Hexcel has increased its dividend by an average of 43.3% annually over the last three years. Hexcel has a payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hexcel to earn $2.61 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 23.0%.

Hexcel Stock Performance

NYSE:HXL opened at $60.51 on Thursday. The company’s 50-day moving average is $61.60 and its two-hundred day moving average is $64.14. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 46.19, a PEG ratio of 1.48 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.55. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09.

Hexcel (NYSE:HXL) last posted its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The company had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. During the same quarter last year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts forecast that Hexcel will post 2.07 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HXL. UBS Group increased their target price on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hexcel from $65.00 to $62.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Royal Bank of Canada lowered Hexcel from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $76.00 to $68.00 in a research note on Wednesday, August 14th. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $71.46.

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.