Hexcel (NYSE:HXL) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Hexcel (NYSE:HXL) from a hold rating to a buy rating in a research note published on Thursday morning.

A number of other research analysts have also commented on the stock. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Royal Bank of Canada boosted their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company increased their price objective on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Finally, Truist Financial increased their price target on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $73.09.

Hexcel Stock Up 1.7 %

Hexcel stock opened at $63.41 on Thursday. The stock has a 50-day simple moving average of $64.83 and a 200-day simple moving average of $62.84. The company has a market capitalization of $5.14 billion, a P/E ratio of 39.88, a PEG ratio of 1.72 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel has a fifty-two week low of $57.50 and a fifty-two week high of $77.09.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Equities research analysts expect that Hexcel will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.17 dividend. This is an increase from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is presently 42.77%.

Hedge Funds Weigh In On Hexcel

Several hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC acquired a new stake in shares of Hexcel in the third quarter valued at approximately $30,000. Allworth Financial LP grew its holdings in Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after buying an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Hexcel during the fourth quarter worth $49,000. Manchester Capital Management LLC raised its holdings in shares of Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 420 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Hexcel in the third quarter valued at $56,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Company Profile

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.