Hexcel's (HXL) "Equal Weight" Rating Reaffirmed at Wells Fargo & Company

Wells Fargo & Company reiterated their equal weight rating on shares of Hexcel (NYSE:HXL - Free Report) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have a $55.00 price objective on the aerospace company's stock, down from their prior price objective of $63.00.

Several other brokerages have also weighed in on HXL. Barclays dropped their price objective on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Royal Bank of Canada upped their price objective on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. TD Cowen raised shares of Hexcel to a "hold" rating in a research report on Monday, February 24th. Truist Financial reduced their target price on Hexcel from $85.00 to $80.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, StockNews.com lowered shares of Hexcel from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $67.40.

Hexcel Price Performance

Shares of HXL traded down $0.08 during mid-day trading on Tuesday, hitting $52.03. 1,663,069 shares of the company traded hands, compared to its average volume of 949,813. Hexcel has a one year low of $45.28 and a one year high of $73.58. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 32.73, 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 business has a 50-day moving average of $57.26 and a 200 day moving average of $61.05.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. As a group, equities analysts expect that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.17 per share. This is a boost from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. Hexcel's dividend payout ratio (DPR) is presently 42.77%.

Institutional Trading of Hexcel

A number of large investors have recently modified their holdings of the company. Barclays PLC raised its holdings in Hexcel by 32.1% during the third 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. Charles Schwab Investment Management Inc. increased its position in Hexcel by 2.3% during 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 during the last quarter. Kopion Asset Management LLC boosted 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 worth $6,142,000 after purchasing an additional 9,861 shares during the period. Merit Financial Group LLC acquired a new position in Hexcel in the 4th quarter valued at $242,000. Finally, Oak Thistle LLC lifted its position in shares of Hexcel by 303.5% during the 4th quarter. Oak Thistle LLC now owns 19,169 shares of the aerospace company's stock worth $1,202,000 after purchasing an additional 14,418 shares during the last quarter. Institutional investors and hedge funds 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.