Hexcel Co. (NYSE:HXL - Get Free Report)'s share price hit a new 52-week low on Monday after Barclays lowered their price target on the stock from $75.00 to $68.00. Barclays currently has an equal weight rating on the stock. Hexcel traded as low as $51.84 and last traded at $55.43, with a volume of 120 shares. The stock had previously closed at $56.31.
A number of other research analysts also recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Truist Financial dropped their target price on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, March 28th. 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. StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Monday, March 17th. Finally, TD Cowen raised shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Two 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, Hexcel currently has an average rating of "Hold" and a consensus price target of $72.25.
Get Our Latest Analysis on HXL
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of HXL. Centre Asset Management LLC boosted its holdings in Hexcel by 13.1% during the 1st quarter. Centre Asset Management LLC now owns 141,614 shares of the aerospace company's stock worth $7,755,000 after acquiring an additional 16,351 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Hexcel by 698.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,356 shares of the aerospace company's stock valued at $129,000 after purchasing an additional 2,061 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Hexcel during the fourth quarter worth about $437,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Hexcel by 11.2% in the 4th 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 in the last quarter. Finally, Voloridge Investment Management LLC increased its stake in Hexcel by 0.5% in the 4th quarter. Voloridge Investment Management LLC now owns 513,318 shares of the aerospace company's stock valued at $32,185,000 after buying an additional 2,306 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.
Hexcel Stock Performance
The stock has a market cap of $3.83 billion, a P/E ratio of 29.90, a PEG ratio of 1.72 and a beta of 1.08. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The company's 50-day simple moving average is $61.09 and its 200 day simple moving average is $61.98.
Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share 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%. As a group, sell-side analysts expect that Hexcel Co. will post 2.14 EPS for the current fiscal year.
Hexcel Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.17 dividend. This is a positive change from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. This represents a $0.68 annualized dividend and a yield of 1.43%. Hexcel's payout ratio is currently 42.77%.
About Hexcel
(
Get Free Report)
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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