Hexcel Corporation (NYSE:HXL) Stock Has Average Price Target of $101.67 According to Brokerages

Hexcel Corporation (NYSE:HXL) has been given an average recommendation of “Hold” by the fourteen analysts that are currently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $101.67.

HXL has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Morgan Stanley set a $92.00 price objective on shares of Hexcel in a research note on Friday, October 23rd. Royal Bank Of Canada decreased their target price on shares of Hexcel from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, October 23rd. The Goldman Sachs Group raised their target price on shares of Hexcel from $88.00 to $97.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Seaport Research Partners raised shares of Hexcel from a “neutral” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Sunday, October 11th.

Hexcel Trading Up 0.8%

Hexcel stock opened at $81.88 on Friday. The stock has a market cap of $6.20 billion, a PE ratio of 36.72, a P/E/G ratio of 1.17 and a beta of 1.17. The stock has a 50-day moving average price of $87.30 and a 200 day moving average price of $90.52. Hexcel has a 52 week low of $67.38 and a 52 week high of $111.74. The company has a current ratio of 2.57, a quick ratio of 1.42 and a debt-to-equity ratio of 0.71.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, October 21st. The aerospace company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. The firm had revenue of $496.40 million during the quarter, compared to the consensus estimate of $501.95 million. Hexcel had a net margin of 8.50% and a return on equity of 13.57%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 EPS. Equities research analysts predict that Hexcel will post 2.35 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, November 2nd. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Hexcel’s dividend payout ratio (DPR) is 32.29%.

Insider Buying and Selling at Hexcel

In other news, insider Gail Lehman sold 13,829 shares of Hexcel stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $92.10, for a total value of $1,273,650.90. Following the completion of the sale, the insider owned 20,148 shares of the company’s stock, valued at $1,855,630.80. The trade was a 40.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gina Fitzsimons sold 9,675 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $103.14, for a total value of $997,879.50. Following the completion of the transaction, the insider owned 7,712 shares of the company’s stock, valued at $795,415.68. The trade was a 55.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.84% of the stock is owned by company insiders.

Institutional Trading of Hexcel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HXL. Ethic Inc. boosted its position in shares of Hexcel by 3.6% in the third quarter. Ethic Inc. now owns 8,109 shares of the aerospace company’s stock worth $681,000 after buying an additional 281 shares during the period. Kestra Advisory Services LLC raised its holdings in shares of Hexcel by 86.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 5,266 shares of the aerospace company’s stock valued at $442,000 after buying an additional 2,441 shares during the period. Grandfield & Dodd LLC raised its holdings in shares of Hexcel by 1.0% during the 3rd quarter. Grandfield & Dodd LLC now owns 330,077 shares of the aerospace company’s stock valued at $27,700,000 after buying an additional 3,161 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Hexcel by 58.6% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,800 shares of the aerospace company’s stock valued at $1,158,000 after buying an additional 5,100 shares during the period. Finally, Choreo LLC lifted its position in Hexcel by 12.0% during the 3rd quarter. Choreo LLC now owns 5,505 shares of the aerospace company’s stock worth $462,000 after acquiring an additional 591 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Company Profile

Hexcel Corporation is an advanced materials company that develops and manufactures lightweight, high-performance composite materials and structural components. Its products are designed to improve strength, durability, fuel efficiency, and performance across demanding applications.

The company’s portfolio includes carbon fiber, fiberglass, specialty reinforcements, prepregs, adhesives, honeycomb materials, engineered core products, and composite structures. These materials and components are used in commercial aircraft, military and space systems, helicopters, wind turbine blades, and various industrial applications.

Hexcel serves customers worldwide through manufacturing, research, and distribution operations in North America, Europe, Asia, and other international markets.