Analysts Set Hexcel Co. (NYSE:HXL) PT at $73.09

Shares of Hexcel Co. (NYSE:HXL - Get Free Report) have been given a consensus recommendation of "Hold" by the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $73.09.

Several brokerages have issued reports on HXL. Wells Fargo & Company raised their price target on shares of Hexcel from $81.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. TD Cowen upgraded Hexcel to a "hold" rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a report on Thursday, November 21st. Truist Financial raised their price objective on Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, StockNews.com downgraded Hexcel from a "buy" rating to a "hold" rating in a research note on Friday.

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. Mackenzie Financial Corp bought a new stake in Hexcel during the 4th quarter valued at approximately $437,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Hexcel by 11.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 239,700 shares of the aerospace company's stock worth $15,029,000 after purchasing an additional 24,057 shares during the period. Voloridge Investment Management LLC raised its holdings in Hexcel by 0.5% in the fourth quarter. Voloridge Investment Management LLC now owns 513,318 shares of the aerospace company's stock worth $32,185,000 after purchasing an additional 2,306 shares in the last quarter. Tidal Investments LLC purchased a new position in Hexcel during the fourth quarter valued at $12,450,000. Finally, Strategic Wealth Partners Ltd. purchased a new position in Hexcel during the 4th quarter valued at about $1,168,000. Institutional investors own 95.47% of the company's stock.

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Hexcel Price Performance

HXL traded up $0.24 during trading on Tuesday, hitting $56.63. 1,284,345 shares of the stock traded hands, compared to its average volume of 1,134,636. The business has a 50 day moving average price of $64.22 and a 200 day moving average price of $62.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. Hexcel has a twelve month low of $55.35 and a twelve month high of $74.20. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting analysts' consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. Equities research analysts forecast that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.20%. This is an increase from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. Hexcel's dividend payout ratio is 42.77%.

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.