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

Hexcel Co. (NYSE:HXL – Get Rating) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $66.75.

A number of research analysts recently weighed in on HXL shares. TheStreet raised Hexcel from a “c+” rating to a “b” rating in a report on Thursday, January 26th. Wells Fargo & Company boosted their target price on Hexcel from $70.00 to $76.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 28th. Jefferies Financial Group boosted their target price on Hexcel from $60.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, January 30th. StockNews.com began coverage on Hexcel in a research note on Thursday. They issued a “hold” rating for the company. Finally, Truist Financial boosted their price target on Hexcel from $53.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, January 27th.

Insider Activity

In other news, insider Thierry Merlot sold 565 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $70.91, for a total transaction of $40,064.15. Following the completion of the sale, the insider now directly owns 38,010 shares in the company, valued at approximately $2,695,289.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Marilyn Minus sold 700 shares of the business’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $71.31, for a total transaction of $49,917.00. Following the completion of the transaction, the director now owns 3,672 shares of the company’s stock, valued at approximately $261,850.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thierry Merlot sold 565 shares of the business’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $70.91, for a total value of $40,064.15. Following the transaction, the insider now directly owns 38,010 shares of the company’s stock, valued at approximately $2,695,289.10. The disclosure for this sale can be found here. In the last three months, insiders sold 9,722 shares of company stock worth $676,077. 1.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hexcel

Institutional investors have recently modified their holdings of the business. Bessemer Group Inc. increased its holdings in Hexcel by 140.2% in the 3rd quarter. Bessemer Group Inc. now owns 502 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in Hexcel in the 4th quarter worth about $32,000. Quadrant Capital Group LLC increased its holdings in Hexcel by 173.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 545 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 346 shares in the last quarter. Assetmark Inc. increased its holdings in Hexcel by 35.0% in the 4th quarter. Assetmark Inc. now owns 621 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 161 shares in the last quarter. Finally, CI Investments Inc. increased its holdings in Hexcel by 12,520.0% in the 4th quarter. CI Investments Inc. now owns 631 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 626 shares in the last quarter. Institutional investors and hedge funds own 97.87% of the company’s stock.

Hexcel Stock Up 3.5 %

NYSE:HXL opened at $68.03 on Friday. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 45.97 and a beta of 1.25. Hexcel has a twelve month low of $47.38 and a twelve month high of $74.99. The stock’s 50 day moving average price is $68.16 and its two-hundred day moving average price is $61.14. The company has a quick ratio of 1.26, a current ratio of 2.23 and a debt-to-equity ratio of 0.47.

Hexcel (NYSE:HXL – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The aerospace company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.09. The firm had revenue of $429.40 million for the quarter, compared to analyst estimates of $402.18 million. Hexcel had a return on equity of 7.29% and a net margin of 8.01%. The business’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS. Equities research analysts expect that Hexcel will post 1.81 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 17th. Stockholders of record on Friday, February 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.73%. This is an increase from Hexcel’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, February 9th. Hexcel’s dividend payout ratio is presently 33.78%.

About Hexcel

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Hexcel Corp. engages in the development, manufacture, and marketing of lightweight structural materials. It operates through the Composite Materials and Engineered Products segments. The Composite Materials segment includes carbon fiber, specialty reinforcements, resins, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles.