Hexcel (NYSE:HXL) PT Lowered to $90.00

Hexcel (NYSE:HXL) had its price objective cut by Truist Financial from $96.00 to $90.00 in a report released on Friday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other equities research analysts have also commented on HXL. UBS Group lowered Hexcel from a buy rating to a neutral rating and reduced their price target for the company from $87.00 to $72.00 in a research report on Tuesday, January 30th. Bank of America reissued an underperform rating and issued a $65.00 price objective (down from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. BMO Capital Markets boosted their price objective on Hexcel from $69.00 to $73.00 and gave the company a market perform rating in a research note on Thursday, February 22nd. Royal Bank of Canada reissued an outperform rating and issued a $80.00 price objective on shares of Hexcel in a research note on Wednesday, February 21st. Finally, StockNews.com downgraded Hexcel from a buy rating to a hold rating in a research note on Saturday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $76.50.

Hexcel Trading Up 1.3 %

NYSE HXL opened at $62.53 on Friday. The business’s 50-day moving average price is $71.17 and its two-hundred day moving average price is $69.55. Hexcel has a 12 month low of $58.81 and a 12 month high of $79.08. The firm has a market capitalization of $5.20 billion, a PE ratio of 50.43, a price-to-earnings-growth ratio of 1.28 and a beta of 1.23. The company has a current ratio of 2.74, a quick ratio of 1.68 and a debt-to-equity ratio of 0.41.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Hexcel had a net margin of 5.91% and a return on equity of 9.31%. The company had revenue of $472.30 million during the quarter, compared to the consensus estimate of $468.93 million. During the same quarter last year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts expect that Hexcel will post 2.22 EPS for the current year.

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, May 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. Hexcel’s dividend payout ratio (DPR) is currently 48.39%.

Insider Buying and Selling

In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total transaction of $62,294.40. Following the completion of the sale, the insider now directly owns 3,375 shares of the company’s stock, valued at approximately $243,337.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hexcel news, insider Thierry Merlot sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $71.63, for a total transaction of $322,335.00. Following the completion of the sale, the insider now directly owns 50,371 shares of the company’s stock, valued at approximately $3,608,074.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gina Fitzsimons sold 864 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total value of $62,294.40. Following the sale, the insider now directly owns 3,375 shares of the company’s stock, valued at $243,337.50. The disclosure for this sale can be found here. 1.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hexcel

Several institutional investors have recently modified their holdings of the business. Leeward Investments LLC MA grew its holdings in shares of Hexcel by 0.3% in the first quarter. Leeward Investments LLC MA now owns 342,684 shares of the aerospace company’s stock valued at $24,964,000 after acquiring an additional 889 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Hexcel by 11.9% in the first quarter. First Trust Direct Indexing L.P. now owns 3,501 shares of the aerospace company’s stock valued at $255,000 after acquiring an additional 372 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Hexcel by 2.5% in the first quarter. State of Michigan Retirement System now owns 20,697 shares of the aerospace company’s stock valued at $1,508,000 after acquiring an additional 500 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Hexcel in the first quarter valued at approximately $401,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Hexcel by 64.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,836 shares of the aerospace company’s stock valued at $498,000 after acquiring an additional 2,676 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

About Hexcel

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.