Hexcel (NYSE:HXL) Price Target Increased to $66.00 by Analysts at BMO Capital Markets

Hexcel (NYSE:HXLGet Rating) had its target price increased by BMO Capital Markets from $57.00 to $66.00 in a research report report published on Tuesday morning, The Fly reports. The brokerage currently has a maintains rating on the aerospace company’s stock.

A number of other research analysts also recently weighed in on the company. Royal Bank of Canada raised their price target on Hexcel from $55.00 to $60.00 in a research note on Wednesday, April 27th. Vertical Research upped their target price on Hexcel to $60.00 and gave the company an outperform rating in a research report on Wednesday, July 27th. Bank of America upgraded shares of Hexcel from an underperform rating to a buy rating and lifted their price objective for the stock from $45.00 to $65.00 in a research note on Wednesday, May 4th. Wells Fargo & Company lifted their price objective on Hexcel to $63.00 and gave the company an outperform rating in a report on Wednesday, July 27th. Finally, Morgan Stanley raised their target price on Hexcel from $57.00 to $59.00 and gave the company an underweight rating in a report on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Hexcel currently has an average rating of Hold and an average price target of $58.30.

Hexcel Price Performance

Shares of HXL stock opened at $60.89 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.55. Hexcel has a 12-month low of $46.77 and a 12-month high of $64.16. The firm has a fifty day moving average of $54.92 and a 200-day moving average of $55.13. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 56.91 and a beta of 1.26.

Hexcel (NYSE:HXLGet Rating) last posted its earnings results on Monday, July 25th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Hexcel had a return on equity of 4.79% and a net margin of 6.12%. The firm had revenue of $393.00 million during the quarter, compared to analysts’ expectations of $391.89 million. During the same period in the previous year, the firm earned $0.08 earnings per share. The company’s revenue was up 22.7% on a year-over-year basis. On average, equities research analysts forecast that Hexcel will post 1.2 earnings per share for the current year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, August 5th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, August 4th. This represents a $0.40 annualized dividend and a yield of 0.66%. Hexcel’s dividend payout ratio (DPR) is presently 37.38%.

Institutional Trading of Hexcel

A number of institutional investors and hedge funds have recently bought and sold shares of HXL. Bank of New Hampshire purchased a new position in shares of Hexcel during the 1st quarter worth about $33,000. Ellevest Inc. boosted its position in Hexcel by 128.1% during the first quarter. Ellevest Inc. now owns 568 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 319 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Hexcel in the 1st quarter worth approximately $59,000. Pinebridge Investments L.P. acquired a new position in Hexcel during the 4th quarter valued at about $62,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Hexcel by 6,951.9% in the second quarter. First Horizon Advisors Inc. now owns 1,904 shares of the aerospace company’s stock worth $99,000 after buying an additional 1,877 shares during the last quarter. 97.57% of the stock is currently owned by institutional investors.

About Hexcel

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Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates through two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and trains.

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