Hexcel Co. (NYSE:HXL) Given Consensus Rating of “Hold” by Analysts

Shares of Hexcel Co. (NYSE:HXLGet Rating) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $59.20.

HXL has been the subject of several research analyst reports. BMO Capital Markets upped their price objective on shares of Hexcel from $57.00 to $66.00 and gave the company a “market perform” rating in a research note on Tuesday, August 2nd. Wells Fargo & Company upped their price objective on shares of Hexcel to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Vertical Research upped their price objective on shares of Hexcel to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Morgan Stanley upgraded shares of Hexcel from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $59.00 to $68.00 in a research note on Thursday, September 8th. Finally, StockNews.com cut shares of Hexcel from a “buy” rating to a “hold” rating in a report on Thursday, September 15th.

Insiders Place Their Bets

In other Hexcel news, insider Thierry Merlot sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $60.83, for a total transaction of $152,075.00. Following the transaction, the insider now owns 34,011 shares of the company’s stock, valued at $2,068,889.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.39% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hexcel

A number of hedge funds have recently made changes to their positions in HXL. BlackRock Inc. grew its holdings in Hexcel by 6.0% during the 1st quarter. BlackRock Inc. now owns 8,420,295 shares of the aerospace company’s stock worth $500,755,000 after acquiring an additional 475,375 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Hexcel by 23.8% in the 4th quarter. Alliancebernstein L.P. now owns 5,778,628 shares of the aerospace company’s stock valued at $299,333,000 after buying an additional 1,111,217 shares during the period. Earnest Partners LLC boosted its holdings in shares of Hexcel by 8.5% in the 1st quarter. Earnest Partners LLC now owns 4,749,016 shares of the aerospace company’s stock valued at $282,424,000 after buying an additional 372,322 shares during the period. Bank of America Corp DE boosted its holdings in shares of Hexcel by 6.0% in the 1st quarter. Bank of America Corp DE now owns 3,742,806 shares of the aerospace company’s stock valued at $222,585,000 after buying an additional 212,487 shares during the period. Finally, State Street Corp boosted its holdings in shares of Hexcel by 11.2% in the 1st quarter. State Street Corp now owns 3,409,631 shares of the aerospace company’s stock valued at $202,771,000 after buying an additional 344,711 shares during the period. Hedge funds and other institutional investors own 97.56% of the company’s stock.

Hexcel Stock Performance

NYSE:HXL opened at $55.44 on Friday. The company has a fifty day simple moving average of $59.77 and a two-hundred day simple moving average of $56.74. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 51.81 and a beta of 1.25. 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 52 week low of $46.77 and a 52 week high of $65.82.

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

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, August 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.72%. Hexcel’s dividend payout ratio (DPR) is currently 37.38%.

Hexcel Company Profile

(Get Rating)

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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Analyst Recommendations for Hexcel (NYSE:HXL)

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