Hexcel Co. (NYSE:HXL) to Issue Quarterly Dividend of $0.17

Hexcel Co. (NYSE:HXL) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Friday, February 7th will be paid a dividend of 0.17 per share by the aerospace company on Friday, February 14th. This represents a $0.68 dividend on an annualized basis and a yield of 0.99%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15.

Hexcel has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hexcel to earn $2.33 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 25.8%.

Hexcel Price Performance

HXL traded up $0.06 during trading on Wednesday, reaching $68.52. The company’s stock had a trading volume of 2,174,534 shares, compared to its average volume of 1,315,968. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 52.30, a PEG ratio of 1.88 and a beta of 1.30. The firm has a fifty day simple moving average of $63.22 and a two-hundred day simple moving average of $62.59. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. As a group, analysts anticipate that Hexcel will post 2.02 EPS for the current year.

Wall Street Analyst Weigh In

HXL has been the subject of a number of recent analyst reports. Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, November 21st. TD Cowen raised Hexcel to a “hold” rating in a report on Thursday, December 19th. Truist Financial decreased their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Finally, Wells Fargo & Company increased their target price on shares of Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Hexcel presently has a consensus rating of “Hold” and an average target price of $71.33.

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.