Brokerages Set Hexcel Co. (NYSE:HXL) Price Target at $73.09

Hexcel Co. (NYSE:HXL) has been assigned an average rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $73.09.

Several brokerages have recently issued reports on HXL. Royal Bank of Canada raised their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Truist Financial lifted their price target on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Wells Fargo & Company boosted their target price on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Monday.

Institutional Investors Weigh In On Hexcel

Several hedge funds and other institutional investors have recently made changes to their positions in the company. True Wealth Design LLC bought a new position in Hexcel in the third quarter valued at about $30,000. Allworth Financial LP boosted its stake in shares of Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Hexcel during the 4th quarter worth approximately $49,000. Manchester Capital Management LLC raised its stake in shares of Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after buying an additional 420 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Hexcel in the fourth quarter valued at approximately $57,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Stock Up 1.3 %

HXL opened at $57.19 on Tuesday. The firm has a market cap of $4.64 billion, a P/E ratio of 35.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The business has a 50 day moving average price of $63.71 and a 200 day moving average price of $62.42. Hexcel has a twelve month low of $55.25 and a twelve month high of $73.58.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. Research analysts forecast that Hexcel will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.17 per share. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, February 7th. Hexcel’s payout ratio is 42.77%.

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.