Hexcel (NYSE:HXL) Given New $71.00 Price Target at BMO Capital Markets

Hexcel (NYSE:HXL) had its price target cut by BMO Capital Markets from $73.00 to $71.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a market perform rating on the aerospace company’s stock.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company upgraded shares of Hexcel from an equal weight rating to an overweight rating and upped their price objective for the company from $81.00 to $95.00 in a research note on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Hexcel from $70.00 to $68.00 and set a hold rating on the stock in a research note on Friday, June 28th. Northcoast Research downgraded Hexcel from a buy rating to a neutral rating in a research note on Wednesday, April 10th. Truist Financial dropped their target price on Hexcel from $88.00 to $81.00 and set a buy rating on the stock in a research report on Wednesday, July 17th. Finally, UBS Group reduced their price target on Hexcel from $73.00 to $71.00 and set a neutral rating for the company in a report on Monday, July 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hexcel has a consensus rating of Hold and a consensus price target of $75.71.

Hexcel Stock Performance

Shares of Hexcel stock opened at $64.34 on Friday. The stock has a market cap of $5.35 billion, a PE ratio of 54.99, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28. Hexcel has a 12 month low of $58.81 and a 12 month high of $77.09. The company has a quick ratio of 1.51, a current ratio of 2.75 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $66.43 and a 200-day simple moving average of $68.94.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $500.40 million during the quarter, compared to analyst estimates of $484.26 million. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.50 EPS. On average, sell-side analysts anticipate that Hexcel will post 2.1 EPS for the current fiscal year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, August 2nd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. Hexcel’s payout ratio is currently 51.28%.

Insider Buying and Selling at Hexcel

In other news, Director Jeffrey C. Campbell acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was acquired at an average cost of $64.13 per share, with a total value of $641,300.00. Following the acquisition, the director now owns 17,803 shares in the company, valued at $1,141,706.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Hexcel news, CEO Nick L. Stanage purchased 15,000 shares of the stock in a transaction dated Friday, April 26th. The shares were bought at an average cost of $64.29 per share, with a total value of $964,350.00. Following the completion of the transaction, the chief executive officer now owns 392,446 shares in the company, valued at approximately $25,230,353.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey C. Campbell acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were acquired at an average cost of $64.13 per share, with a total value of $641,300.00. Following the transaction, the director now directly owns 17,803 shares in the company, valued at approximately $1,141,706.39. The disclosure for this purchase can be found here. Insiders have purchased a total of 43,400 shares of company stock worth $2,820,322 over the last 90 days. Insiders own 1.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HXL. Cetera Trust Company N.A bought a new stake in shares of Hexcel in the fourth quarter valued at approximately $30,000. Fidelis Capital Partners LLC bought a new stake in Hexcel in the 1st quarter valued at $36,000. Principal Securities Inc. acquired a new stake in Hexcel in the 4th quarter worth $51,000. GAMMA Investing LLC bought a new position in shares of Hexcel during the 4th quarter worth about $53,000. Finally, Centerpoint Advisors LLC lifted its stake in shares of Hexcel by 44.6% in the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock valued at $53,000 after buying an additional 223 shares during the period. 95.47% of the stock is owned by institutional investors.

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.