Hexcel (NYSE:HXL) Rating Lowered to "Hold" at StockNews.com

StockNews.com lowered shares of Hexcel (NYSE:HXL - Free Report) from a buy rating to a hold rating in a report released on Friday morning.

HXL has been the topic of a number of other reports. Truist Financial lowered their price objective on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Barclays cut their price objective on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley dropped their price target on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research report on Friday. TD Cowen upgraded Hexcel to a "hold" rating in a research report on Monday, February 24th. Finally, Royal Bank of Canada lifted their price objective on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $69.00.

Hexcel Price Performance

Hexcel stock traded down $0.53 during mid-day trading on Friday, reaching $52.23. The company had a trading volume of 875,035 shares, compared to its average volume of 950,469. The stock's 50-day simple moving average is $58.32 and its 200-day simple moving average is $61.30. Hexcel has a 1 year low of $45.28 and a 1 year high of $73.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The company has a market capitalization of $4.20 billion, a P/E ratio of 32.85, a P/E/G ratio of 1.72 and a beta of 1.08.

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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%. On average, equities analysts predict that Hexcel will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The company 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 1.30%. The ex-dividend date was Friday, February 7th. This is an increase from Hexcel's previous quarterly dividend of $0.15. Hexcel's payout ratio is 42.77%.

Institutional Trading of Hexcel

A number of institutional investors have recently modified their holdings of the company. UMB Bank n.a. lifted its position in Hexcel by 1.4% during the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock valued at $926,000 after buying an additional 202 shares in the last quarter. Huntington National Bank raised its position in Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after purchasing an additional 204 shares during the period. GAMMA Investing LLC boosted its position in shares of Hexcel by 21.1% in the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock worth $74,000 after buying an additional 206 shares during the period. Insigneo Advisory Services LLC grew its stake in shares of Hexcel by 4.5% in the fourth quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock valued at $318,000 after buying an additional 218 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Hexcel by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company's stock worth $2,243,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other 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.