Hexcel (HXL) Sets New 12-Month Low at $56.34

Hexcel Co. (NYSE:HXL) shares reached a new 52-week low on Tuesday . The stock traded as low as $56.34 and last traded at $57.66, with a volume of 14858 shares traded. The stock had previously closed at $58.87.

HXL has been the topic of several recent research reports. Credit Suisse Group lowered their price objective on Hexcel from $70.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 24th. Cowen restated a “buy” rating and issued a $75.00 price target on shares of Hexcel in a research report on Monday, October 22nd. Zacks Investment Research cut Hexcel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. UBS Group began coverage on Hexcel in a research report on Wednesday, August 15th. They issued a “sell” rating and a $65.00 price target on the stock. Finally, ValuEngine upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $72.75.

The company has a debt-to-equity ratio of 0.72, a current ratio of 2.58 and a quick ratio of 1.44. The stock has a market cap of $5.02 billion, a PE ratio of 22.18, a PEG ratio of 2.27 and a beta of 1.18.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 22nd. The aerospace company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. The company had revenue of $540.50 million for the quarter, compared to analyst estimates of $545.88 million. Hexcel had a return on equity of 18.08% and a net margin of 13.95%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. As a group, equities analysts expect that Hexcel Co. will post 3.03 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Friday, November 2nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.01%. Hexcel’s dividend payout ratio is 22.39%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its holdings in shares of Hexcel by 84.1% during the second quarter. SRS Capital Advisors Inc. now owns 2,053 shares of the aerospace company’s stock valued at $136,000 after acquiring an additional 938 shares in the last quarter. Canton Hathaway LLC bought a new stake in Hexcel during the third quarter worth $144,000. BNP Paribas Arbitrage SA grew its holdings in Hexcel by 441.6% during the second quarter. BNP Paribas Arbitrage SA now owns 2,237 shares of the aerospace company’s stock worth $148,000 after buying an additional 1,824 shares in the last quarter. Kovack Advisors Inc. bought a new stake in Hexcel during the third quarter worth $201,000. Finally, Moody Aldrich Partners LLC bought a new stake in Hexcel during the second quarter worth $228,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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Hexcel Company Profile (NYSE:HXL)

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company operates in 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, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blade, recreational product, and other industrial applications, as well as in cars, boats, and trains.

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