Hexcel (NYSE:HXL) PT Lowered to $68.00

Hexcel (NYSE:HXL) had its target price cut by Deutsche Bank Aktiengesellschaft from $70.00 to $68.00 in a report published on Friday morning, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

A number of other equities analysts have also recently weighed in on HXL. Truist Financial reduced their price target on Hexcel from $96.00 to $90.00 and set a buy rating for the company in a report on Friday, April 19th. The Goldman Sachs Group upped their price target on Hexcel from $69.00 to $78.00 and gave the stock a neutral rating in a report on Tuesday, April 16th. UBS Group reduced their price target on Hexcel from $77.00 to $73.00 and set a neutral rating for the company in a report on Wednesday, April 24th. Wells Fargo & Company raised Hexcel from an equal weight rating to an overweight rating and increased their target price for the company from $81.00 to $95.00 in a report on Wednesday, May 8th. Finally, Northcoast Research cut Hexcel from a buy rating to a neutral rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $77.00.

Hexcel Trading Up 0.1 %

HXL opened at $62.49 on Friday. Hexcel has a 12 month low of $58.81 and a 12 month high of $79.08. The stock has a fifty day moving average price of $67.23 and a 200-day moving average price of $69.78. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 53.41, a PEG ratio of 1.17 and a beta of 1.28.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $472.30 million for the quarter, compared to the consensus estimate of $468.93 million. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS. As a group, equities research analysts anticipate that Hexcel will post 2.21 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, May 3rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, May 2nd. Hexcel’s payout ratio is currently 51.28%.

Insider Activity

In other Hexcel news, Director Catherine A. Suever purchased 400 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $68.33 per share, for a total transaction of $27,332.00. Following the completion of the purchase, the director now directly owns 15,748 shares in the company, valued at $1,076,060.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Catherine A. Suever bought 400 shares of Hexcel stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $68.33 per share, with a total value of $27,332.00. Following the acquisition, the director now owns 15,748 shares of the company’s stock, valued at $1,076,060.84. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Guy C. Hachey bought 3,000 shares of Hexcel stock in a transaction dated Monday, April 29th. The stock was purchased at an average cost of $64.53 per share, with a total value of $193,590.00. Following the completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $193,590. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 43,400 shares of company stock worth $2,820,322. Corporate insiders own 1.85% of the company’s stock.

Hedge Funds Weigh In On Hexcel

Several institutional investors have recently added to or reduced their stakes in the stock. Cetera Trust Company N.A acquired a new position in Hexcel during the 4th quarter worth approximately $30,000. Fidelis Capital Partners LLC acquired a new position in Hexcel during the 1st quarter worth approximately $36,000. Principal Securities Inc. acquired a new position in Hexcel during the 4th quarter worth approximately $51,000. GAMMA Investing LLC acquired a new position in Hexcel during the 4th quarter worth approximately $53,000. Finally, Centerpoint Advisors LLC grew its holdings in shares of Hexcel by 44.6% in the 1st quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 223 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.