Hexcel (NYSE:HXL - Free Report) had its price objective decreased by Barclays from $75.00 to $68.00 in a report published on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the aerospace company's stock.
A number of other analysts have also recently commented on the company. TD Cowen upgraded Hexcel to a "hold" rating in a research report on Monday, February 24th. StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a research report on Monday, March 17th. Truist Financial decreased their target price on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Royal Bank of Canada boosted their price target on Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, Wells Fargo & Company raised their price objective on Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. 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. According to data from MarketBeat.com, Hexcel presently has an average rating of "Hold" and a consensus target price of $72.25.
Read Our Latest Report on Hexcel
Hexcel Price Performance
NYSE:HXL traded down $3.11 during mid-day trading on Tuesday, hitting $48.27. 1,614,070 shares of the company's stock traded hands, compared to its average volume of 967,017. Hexcel has a 1 year low of $46.21 and a 1 year high of $73.58. The company has a market cap of $3.88 billion, a PE ratio of 30.36, 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 quick ratio of 1.20 and a current ratio of 2.21. The firm's 50 day simple moving average is $60.70 and its 200 day simple moving average is $61.89.
Hexcel (NYSE:HXL - Get Free Report) last issued 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 return on equity of 10.66% and a net margin of 6.94%. Sell-side analysts expect that Hexcel 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 represents a $0.68 dividend on an annualized basis and a yield of 1.41%. This is a boost from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. Hexcel's payout ratio is 42.77%.
Hedge Funds Weigh In On Hexcel
A number of hedge funds have recently made changes to their positions in HXL. Allworth Financial LP increased its holdings in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock valued at $42,000 after purchasing an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Hexcel in the fourth quarter worth about $49,000. Manchester Capital Management LLC boosted its position in shares of Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock worth $53,000 after buying an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Hexcel in the fourth quarter valued at about $57,000. Finally, Parvin Asset Management LLC purchased a new stake in shares of Hexcel during the 4th quarter valued at about $66,000. Hedge funds and other institutional investors own 95.47% of the company's stock.
Hexcel Company Profile
(
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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.
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