Hexcel Co. (NYSE:HXL) has been assigned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the firm. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $55.38.
HXL has been the subject of several research reports. Zacks Investment Research cut shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Friday, March 17th. Bank of America Corp raised shares of Hexcel from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Monday, February 6th. Cowen and Company reiterated a “buy” rating and issued a $57.00 price target on shares of Hexcel in a research note on Wednesday, April 19th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $52.00 price objective on shares of Hexcel in a report on Friday, March 17th.
In related news, CFO Wayne C. Pensky sold 10,249 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $55.32, for a total value of $566,974.68. Following the completion of the sale, the chief financial officer now directly owns 94,313 shares in the company, valued at $5,217,395.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thierry Merlot sold 4,774 shares of Hexcel stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $55.29, for a total value of $263,954.46. Following the sale, the insider now owns 16,182 shares of the company’s stock, valued at $894,702.78. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of HXL. Toronto Dominion Bank raised its position in Hexcel by 50.7% in the first quarter. Toronto Dominion Bank now owns 2,305 shares of the aerospace company’s stock valued at $126,000 after buying an additional 775 shares during the period. Stanley Laman Group Ltd. acquired a new stake in shares of Hexcel during the third quarter valued at $202,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of Hexcel during the fourth quarter valued at $219,000. HighTower Advisors LLC acquired a new stake in shares of Hexcel during the first quarter valued at $219,000. Finally, World Asset Management Inc acquired a new stake in shares of Hexcel during the first quarter valued at $224,000. Institutional investors own 98.02% of the company’s stock.
Shares of Hexcel (NYSE:HXL) traded up 0.34% on Tuesday, reaching $50.21. The company’s stock had a trading volume of 501,859 shares. The stock has a 50-day moving average price of $51.95 and a 200-day moving average price of $51.71. Hexcel has a 1-year low of $38.87 and a 1-year high of $55.91. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 18.19 and a beta of 0.99.
Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, April 19th. The aerospace company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.03. The business had revenue of $478.80 million for the quarter, compared to analyst estimates of $522.29 million. Hexcel had a return on equity of 19.67% and a net margin of 12.46%. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. On average, equities research analysts forecast that Hexcel will post $2.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 9th. Stockholders of record on Tuesday, May 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Friday, April 28th. Hexcel’s dividend payout ratio is presently 16.60%.
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Hexcel Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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