Hexcel Co. (NYSE:HXL) Receives Average Recommendation of "Hold" from Brokerages

Shares of Hexcel Co. (NYSE:HXL - Get Free Report) have earned a consensus rating of "Hold" from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $70.25.

Several equities analysts have recently weighed in on HXL shares. TD Cowen upgraded shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Royal Bank of Canada boosted their target price on shares of Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Truist Financial dropped their target price on Hexcel from $85.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Wells Fargo & Company reduced their price target on Hexcel from $87.00 to $63.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a research note on Monday, March 17th.

Hexcel Stock Performance

HXL stock traded up $5.82 during mid-day trading on Friday, hitting $53.31. The company had a trading volume of 1,569,432 shares, compared to its average volume of 975,214. 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 has a market cap of $4.29 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. Hexcel has a 12 month low of $45.28 and a 12 month high of $73.58. The stock's fifty day moving average price is $59.06 and its two-hundred day moving average price is $61.50.

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

Hexcel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.17 per share. This is an increase from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel's payout ratio is currently 42.77%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Hexcel by 32.1% in the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock worth $4,330,000 after purchasing an additional 17,011 shares in the last quarter. FMR LLC lifted its position in Hexcel by 11.7% in the 3rd 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Hexcel by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company's stock worth $68,021,000 after buying an additional 24,133 shares in the last quarter. Kopion Asset Management LLC grew its position in Hexcel by 11.2% during the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company's stock valued at $6,142,000 after acquiring an additional 9,861 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of Hexcel during the fourth quarter worth approximately $242,000. Institutional investors own 95.47% of the company's stock.

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.