Hexcel Corporation (NYSE:HXL) had its price objective boosted by Loop Capital from $61.00 to $64.00 in a report released on Tuesday, October 24th. They currently have a hold rating on the aerospace company’s stock.
Other analysts have also issued reports about the stock. Cowen and Company reaffirmed a buy rating and issued a $57.00 price objective on shares of Hexcel Corporation in a research note on Wednesday, August 9th. KeyCorp reiterated a buy rating and issued a $60.00 target price on shares of Hexcel Corporation in a report on Friday, September 1st. Bank of America Corporation boosted their target price on shares of Hexcel Corporation from $65.00 to $70.00 and gave the stock a buy rating in a report on Friday, October 20th. Canaccord Genuity restated a hold rating and set a $54.00 price objective on shares of Hexcel Corporation in a report on Monday, July 24th. Finally, BidaskClub upgraded shares of Hexcel Corporation from a sell rating to a hold rating in a report on Sunday, July 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $59.20.
Hexcel Corporation (NYSE:HXL) traded down $0.34 during mid-day trading on Tuesday, reaching $60.42. 526,200 shares of the company’s stock were exchanged, compared to its average volume of 783,247. The company has a market capitalization of $5,427.23, a PE ratio of 23.06, a price-to-earnings-growth ratio of 2.85 and a beta of 1.10. Hexcel Corporation has a fifty-two week low of $46.95 and a fifty-two week high of $63.93. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.74 and a quick ratio of 1.53.
Hexcel Corporation (NYSE:HXL) last issued its earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.02. Hexcel Corporation had a net margin of 13.13% and a return on equity of 18.40%. The firm had revenue of $491.50 million during the quarter, compared to analyst estimates of $507.77 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The business’s revenue was down 1.8% on a year-over-year basis. equities research analysts forecast that Hexcel Corporation will post 2.68 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Wednesday, November 1st were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Tuesday, October 31st. Hexcel Corporation’s payout ratio is 18.05%.
In related news, SVP Kimberly A. Hendricks sold 2,608 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $63.35, for a total transaction of $165,216.80. Following the completion of the transaction, the senior vice president now directly owns 22,221 shares in the company, valued at approximately $1,407,700.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thierry Merlot sold 3,748 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $61.19, for a total value of $229,340.12. Following the transaction, the insider now owns 13,691 shares of the company’s stock, valued at $837,752.29. The disclosure for this sale can be found here. Insiders have sold a total of 13,304 shares of company stock valued at $823,040 over the last three months. Corporate insiders own 2.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. AHL Partners LLP purchased a new position in shares of Hexcel Corporation in the 2nd quarter valued at about $207,000. Torray LLC boosted its stake in shares of Hexcel Corporation by 2.8% in the 2nd quarter. Torray LLC now owns 14,775 shares of the aerospace company’s stock valued at $780,000 after buying an additional 403 shares during the period. BlackRock Inc. lifted its stake in Hexcel Corporation by 5.0% during the second quarter. BlackRock Inc. now owns 4,924,139 shares of the aerospace company’s stock worth $259,946,000 after purchasing an additional 233,521 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Hexcel Corporation by 13.2% during the second quarter. Russell Investments Group Ltd. now owns 28,200 shares of the aerospace company’s stock worth $1,490,000 after purchasing an additional 3,279 shares during the last quarter. Finally, First National Bank of Hutchinson lifted its stake in Hexcel Corporation by 3.4% during the second quarter. First National Bank of Hutchinson now owns 14,095 shares of the aerospace company’s stock worth $736,000 after purchasing an additional 465 shares during the last quarter. Institutional investors and hedge funds own 96.50% of the company’s stock.
About Hexcel Corporation
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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