Shares of Hexcel Co. (NYSE:HXL) have been given a consensus rating of “Hold” by the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $72.55.
HXL has been the subject of several recent research reports. UBS Group initiated coverage on Hexcel in a research report on Wednesday, August 15th. They set a “sell” rating and a $65.00 price target for the company. ValuEngine downgraded Hexcel from a “buy” rating to a “hold” rating in a research report on Saturday, September 1st. Zacks Investment Research downgraded Hexcel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Cowen reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Hexcel in a research report on Monday, October 22nd. Finally, Vertical Research raised Hexcel from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Tuesday, October 23rd.
Several large investors have recently made changes to their positions in HXL. State of Alaska Department of Revenue grew its position in shares of Hexcel by 22.1% in the second quarter. State of Alaska Department of Revenue now owns 9,560 shares of the aerospace company’s stock valued at $634,000 after purchasing an additional 1,730 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in Hexcel by 21.5% in the second quarter. Xact Kapitalforvaltning AB now owns 13,574 shares of the aerospace company’s stock valued at $901,000 after acquiring an additional 2,400 shares during the last quarter. Boston Advisors LLC acquired a new position in Hexcel in the second quarter valued at $297,000. Cornerstone Wealth Management LLC acquired a new position in Hexcel in the second quarter valued at $708,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Hexcel by 441.6% in the second quarter. BNP Paribas Arbitrage SA now owns 2,237 shares of the aerospace company’s stock valued at $148,000 after acquiring an additional 1,824 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.
Hexcel (NYSE:HXL) last released its quarterly earnings results on Monday, October 22nd. The aerospace company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. The company had revenue of $540.50 million during the quarter, compared to the consensus estimate of $545.88 million. Hexcel had a return on equity of 18.08% and a net margin of 13.95%. Hexcel’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. On average, analysts forecast that Hexcel will post 3.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Friday, November 2nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, November 1st. Hexcel’s dividend payout ratio is currently 22.39%.
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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