Hexcel (NYSE:HXL) Hits New 1-Year Low - Time to Sell?

Shares of Hexcel Co. (NYSE:HXL - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $46.21 and last traded at $46.59, with a volume of 1614070 shares trading hands. The stock had previously closed at $51.38.

Analysts Set New Price Targets

Several research firms have weighed in on HXL. 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 report on Friday, March 28th. Barclays dropped their price target on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. TD Cowen upgraded Hexcel to a "hold" rating in a research note on Monday, February 24th. Morgan Stanley lowered their price objective on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research note on Friday. Finally, Wells Fargo & Company cut their target price on Hexcel from $87.00 to $63.00 and set an "overweight" rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $69.73.

Hexcel Trading Up 1.6 %

The stock's 50 day simple moving average is $58.55 and its two-hundred day simple moving average is $61.36. The stock has a market capitalization of $4.17 billion, a PE ratio of 32.65, a PEG ratio of 1.72 and a beta of 1.08. 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 (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, sell-side analysts expect that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.17 dividend. This is a boost from Hexcel's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel's payout ratio is currently 42.77%.

Hedge Funds Weigh In On Hexcel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Hexcel by 4,372.3% during the 4th 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 buying an additional 2,446,716 shares in the last quarter. Norges Bank purchased a new stake in shares of Hexcel during the fourth quarter worth $60,241,000. Brandes Investment Partners LP boosted its holdings 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 worth $81,803,000 after acquiring an additional 651,062 shares during the period. Thrivent Financial for Lutherans grew 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 in the last quarter. Finally, DAVENPORT & Co LLC raised its stake in shares of Hexcel by 1,153.9% during the 4th 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 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.