Hexcel Co. (HXL) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Hexcel Co. (NYSE:HXL) have been given a consensus rating of “Buy” by the eleven research 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 12 month target price among brokerages that have updated their coverage on the stock in the last year is $55.38.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Hexcel from a “sell” rating to a “hold” rating in a research report on Thursday. Canaccord Genuity reissued a “hold” rating and set a $52.00 price target on shares of Hexcel in a research report on Friday, March 17th. Cowen and Company reissued a “buy” rating and set a $57.00 price target on shares of Hexcel in a research report on Wednesday, April 19th. Finally, Bank of America Corp raised shares of Hexcel from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Monday, February 6th.
Shares of Hexcel (NYSE:HXL) opened at 50.21 on Monday. 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 12-month low of $38.87 and a 12-month high of $55.91. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 18.19 and a beta of 0.99.
Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, April 19th. The aerospace company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $478.80 million for the quarter, compared to the consensus estimate of $522.29 million. Hexcel had a return on equity of 19.67% and a net margin of 12.46%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. Equities analysts anticipate that Hexcel will post $2.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 9th. Investors of record on Tuesday, May 2nd were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, April 28th. This represents a $0.44 annualized dividend and a yield of 0.88%. Hexcel’s dividend payout ratio is currently 16.60%.
In related news, insider Thierry Merlot sold 4,774 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $55.29, for a total value of $263,954.46. Following the sale, the insider now directly owns 16,182 shares of the company’s stock, valued at approximately $894,702.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Wayne C. Pensky sold 10,249 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $55.32, for a total transaction 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 disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Toronto Dominion Bank boosted its stake 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 in the last quarter. Silvercrest Asset Management Group LLC bought a new stake in Hexcel during the fourth quarter valued at approximately $219,000. HighTower Advisors LLC bought a new stake in Hexcel during the first quarter valued at approximately $219,000. World Asset Management Inc bought a new stake in Hexcel during the first quarter valued at approximately $224,000. Finally, Massmutual Trust Co. FSB ADV bought a new stake in Hexcel during the first quarter valued at approximately $229,000. 98.02% of the stock is currently owned by institutional investors and hedge funds.
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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