Hexcel Corporation (NYSE:HXL) Given Average Rating of “Hold” by Analysts

Hexcel Corporation (NYSE:HXL) has been given a consensus rating of “Hold” by the thirteen brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $73.3333.

HXL has been the subject of a number of recent analyst reports. UBS Group increased their price target on Hexcel from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, October 24th. BMO Capital Markets upped their price objective on shares of Hexcel from $67.00 to $77.00 and gave the company a “market perform” rating in a research note on Friday, October 24th. Truist Financial lifted their target price on shares of Hexcel from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a report on Wednesday, October 8th. Finally, Morgan Stanley set a $67.00 price objective on shares of Hexcel and gave the stock an “underweight” rating in a research note on Wednesday, October 29th.

Insider Buying and Selling at Hexcel

In other Hexcel news, insider Lyndon John Smith sold 2,077 shares of Hexcel stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $73.02, for a total transaction of $151,662.54. Following the transaction, the insider owned 8,426 shares of the company’s stock, valued at $615,266.52. The trade was a 19.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Patrick Winterlich sold 3,413 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $73.34, for a total transaction of $250,309.42. Following the completion of the sale, the executive vice president directly owned 40,357 shares of the company’s stock, valued at $2,959,782.38. This trade represents a 7.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH purchased a new stake in Hexcel in the 2nd quarter worth approximately $26,000. NewSquare Capital LLC increased its stake in shares of Hexcel by 379.0% in the second quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 379 shares during the last quarter. Park Place Capital Corp raised its holdings in shares of Hexcel by 65.1% during the second quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 196 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Hexcel during the second quarter worth $28,000. Finally, Parkside Financial Bank & Trust boosted its position in Hexcel by 325.0% during the second quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 377 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Price Performance

NYSE HXL opened at $76.35 on Thursday. The stock has a market capitalization of $6.08 billion, a P/E ratio of 89.82, a P/E/G ratio of 2.63 and a beta of 1.06. Hexcel has a 1 year low of $45.28 and a 1 year high of $79.20. The business’s fifty day moving average is $69.90 and its two-hundred day moving average is $63.21. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.50 and a current ratio of 2.75.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $456.20 million for the quarter, compared to the consensus estimate of $449.99 million. Hexcel had a return on equity of 9.25% and a net margin of 3.67%.The business’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. On average, research analysts forecast that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.17 per share. The ex-dividend date was Monday, November 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. Hexcel’s payout ratio is currently 80.00%.

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.