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

Hexcel Co. (NYSE:HXL - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $55.25 and last traded at $55.55, with a volume of 409119 shares changing hands. The stock had previously closed at $56.50.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HXL. Wells Fargo & Company boosted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. StockNews.com downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Truist Financial raised their target price on shares of Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Royal Bank of Canada raised their price target on shares of Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hexcel has a consensus rating of "Hold" and a consensus target price of $73.09.

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Hexcel Stock Up 0.9 %

The business's 50 day moving average price is $63.84 and its 200-day moving average price is $62.47. The firm has a market capitalization of $4.62 billion, a PE ratio of 35.84, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21.

Hexcel (NYSE:HXL - Get Free Report) last announced its earnings results 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 net margin of 6.94% and a return on equity of 10.66%. As a group, equities research analysts forecast that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid 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 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel's dividend payout ratio is presently 42.77%.

Institutional Investors Weigh In On Hexcel

Several large investors have recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in Hexcel by 32.1% during the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock worth $4,330,000 after acquiring an additional 17,011 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Hexcel by 12.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company's stock worth $35,957,000 after acquiring an additional 63,730 shares in the last quarter. FMR LLC grew its holdings in Hexcel by 11.7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company's stock worth $4,791,000 after acquiring an additional 8,135 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hexcel by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company's stock worth $68,021,000 after acquiring an additional 24,133 shares in the last quarter. Finally, Kopion Asset Management LLC boosted its holdings in shares of Hexcel by 11.2% in the 4th quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company's stock valued at $6,142,000 after buying an additional 9,861 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.