Hexcel (NYSE:HXL) Price Target Lowered to $80.00 at Truist Financial

Hexcel (NYSE:HXL - Free Report) had its price target reduced by Truist Financial from $85.00 to $80.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the aerospace company's stock.

HXL has been the topic of several other reports. Royal Bank of Canada upped their price objective on shares of Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a research report on Monday, March 17th. Wells Fargo & Company boosted their price objective on Hexcel from $81.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Finally, TD Cowen upgraded Hexcel to a "hold" rating in a report 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, the company has an average rating of "Hold" and an average target price of $72.25.

Hexcel Trading Down 0.1 %

Shares of NYSE HXL traded down $0.05 during midday trading on Friday, reaching $54.71. 1,310,315 shares of the stock were exchanged, compared to its average volume of 954,836. Hexcel has a twelve month low of $53.97 and a twelve month high of $73.58. The stock has a market capitalization of $4.40 billion, a P/E ratio of 34.41, a PEG ratio of 1.72 and a beta of 1.30. The company has a 50 day simple moving average of $62.00 and a 200 day simple moving average of $62.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21.

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Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results 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%. As a group, equities analysts expect that Hexcel 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 issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, February 7th. This is a positive change from Hexcel's previous quarterly dividend of $0.15. Hexcel's dividend payout ratio is 42.77%.

Institutional Trading of Hexcel

Institutional investors have recently bought and sold shares of the business. Earnest Partners LLC lifted its stake in Hexcel by 0.8% during the fourth quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company's stock worth $301,991,000 after purchasing an additional 37,442 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position 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 worth $156,919,000 after buying an additional 2,446,716 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Hexcel by 24.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company's stock valued at $125,172,000 after buying an additional 395,744 shares in the last quarter. Sei Investments Co. grew its position in shares of Hexcel by 9.0% in the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company's stock valued at $92,938,000 after buying an additional 122,281 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Hexcel by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company's stock valued at $90,104,000 after acquiring an additional 24,393 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.