Brokerages Set Hexcel Co. (NYSE:HXL) Price Target at $73.09

Hexcel Co. (NYSE:HXL - Get Free Report) has earned an average rating of "Hold" from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $73.09.

HXL has been the subject of several research reports. Wells Fargo & Company raised their price target on shares of Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. UBS Group raised their price target on shares of Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, Truist Financial raised their price target on shares of Hexcel from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, January 24th.

Hedge Funds Weigh In On Hexcel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in shares of Hexcel by 4,372.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company's stock valued at $156,919,000 after purchasing an additional 2,446,716 shares during the period. Norges Bank bought a new position in shares of Hexcel in the fourth quarter valued at approximately $60,241,000. Brandes Investment Partners LP raised its position in shares of Hexcel by 99.6% in the fourth quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company's stock valued at $81,803,000 after purchasing an additional 651,062 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Hexcel by 249.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company's stock valued at $51,142,000 after purchasing an additional 582,353 shares during the period. Finally, DAVENPORT & Co LLC raised its position in shares of Hexcel by 1,153.9% in the fourth quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company's stock valued at $33,546,000 after purchasing an additional 493,218 shares during the period. Institutional investors own 95.47% of the company's stock.

Hexcel Trading Up 2.1 %

Shares of HXL traded up $1.37 during midday trading on Friday, hitting $65.56. The stock had a trading volume of 979,404 shares, compared to its average volume of 1,387,299. Hexcel has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The business has a 50-day simple moving average of $64.80 and a two-hundred day simple moving average of $62.73. The firm has a market cap of $5.32 billion, a P/E ratio of 41.23, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL - Get Free Report) last announced its 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, equities analysts forecast that Hexcel will post 2.16 EPS for the current year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.04%. The ex-dividend date was Friday, February 7th. This is a positive change from Hexcel's previous quarterly dividend of $0.15. Hexcel's dividend payout ratio (DPR) is presently 37.74%.

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.