Hexcel (NYSE:HXL) Reaches New 52-Week Low – Here’s Why

Shares of Hexcel Co. (NYSE:HXL) reached a new 52-week low on Monday . The company traded as low as $46.21 and last traded at $46.59, with a volume of 1614070 shares. The stock had previously closed at $51.38.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HXL shares. Wells Fargo & Company boosted their price objective on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada lifted their target price on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Barclays reduced their price objective on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Finally, Truist Financial dropped their price objective on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hexcel has an average rating of “Hold” and an average price target of $72.25.

Hexcel Stock Down 2.4 %

The company has a market cap of $3.78 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The company has a fifty day moving average price of $60.70 and a 200 day moving average price of $61.91.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, analysts anticipate that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.45%. Hexcel’s dividend payout ratio is presently 42.77%.

Hedge Funds Weigh In On Hexcel

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its stake in Hexcel by 11.7% in the third quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock worth $4,791,000 after buying an additional 8,135 shares in the last quarter. Captrust Financial Advisors lifted its position in Hexcel by 54.5% during the third quarter. Captrust Financial Advisors now owns 24,998 shares of the aerospace company’s stock valued at $1,546,000 after buying an additional 8,821 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Hexcel in the 3rd quarter worth about $220,000. Quantinno Capital Management LP bought a new stake in Hexcel during the third quarter worth about $299,000. Finally, Stifel Financial Corp grew its holdings in Hexcel by 64.1% in the third quarter. Stifel Financial Corp now owns 280,148 shares of the aerospace company’s stock worth $17,322,000 after purchasing an additional 109,450 shares during the period. Institutional investors own 95.47% of the company’s stock.

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.