Hexcel Co. (NYSE:HXL) Declares $0.15 Quarterly Dividend

Hexcel Co. (NYSE:HXL - Get Free Report) announced a quarterly dividend on Monday, October 21st, RTT News reports. Investors of record on Friday, November 1st will be paid a dividend of 0.15 per share by the aerospace company on Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 0.94%.

Hexcel has increased its dividend by an average of 43.3% per year over the last three years. Hexcel has a payout ratio of 22.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hexcel to earn $2.61 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 23.0%.

Hexcel Price Performance

Hexcel stock traded up $0.89 on Monday, reaching $63.61. The company's stock had a trading volume of 1,071,853 shares, compared to its average volume of 866,048. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.55 and a current ratio of 2.75. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 54.37, a PEG ratio of 1.38 and a beta of 1.29. The business's fifty day moving average price is $61.54 and its 200 day moving average price is $64.40. Hexcel has a twelve month low of $57.50 and a twelve month high of $77.09.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The company had revenue of $500.40 million for the quarter, compared to analyst estimates of $484.26 million. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The business's revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Equities analysts expect that Hexcel will post 2.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HXL has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price objective on Hexcel from $86.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, July 2nd. UBS Group cut their price target on Hexcel from $73.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, July 1st. BMO Capital Markets cut their price target on Hexcel from $71.00 to $70.00 and set a "market perform" rating on the stock in a research note on Monday, September 30th. Morgan Stanley cut their price target on Hexcel from $63.00 to $61.00 and set an "underweight" rating on the stock in a research note on Monday, July 22nd. Finally, Royal Bank of Canada lowered Hexcel from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $73.08.

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.