Brokerages Set Hexcel Corporation (NYSE:HXL) Price Target at $73.33

by · The Markets Daily

Hexcel Corporation (NYSE:HXL – Get Free Report) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $73.3333.

HXL has been the topic of a number of recent analyst reports. UBS Group increased their price target on Hexcel from $81.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $65.00 target price on shares of Hexcel in a research report on Wednesday, October 8th. Morgan Stanley set a $67.00 price target on shares of Hexcel and gave the stock an “underweight” rating in a report on Wednesday, October 29th. Citigroup restated a “reduce” rating on shares of Hexcel in a research report on Thursday, October 23rd. Finally, BMO Capital Markets increased their price objective on shares of Hexcel from $67.00 to $77.00 and gave the company a “market perform” rating in a report on Friday, October 24th.

Get Our Latest Stock Analysis on HXL

Hexcel Stock Up 0.3%

HXL opened at $72.49 on Thursday. The company has a fifty day moving average of $70.67 and a two-hundred day moving average of $63.93. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 85.29, a PEG ratio of 2.51 and a beta of 1.06. Hexcel has a fifty-two week low of $45.28 and a fifty-two week high of $79.20. 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 – Get Free Report) last posted its earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Hexcel had a return on equity of 9.25% and a net margin of 3.67%.The firm had revenue of $456.20 million for the quarter, compared to analysts’ expectations of $449.99 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. On average, research analysts expect that Hexcel will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, November 3rd. Hexcel’s payout ratio is presently 80.00%.

Insider Activity at Hexcel

In related news, insider Lyndon John Smith sold 2,077 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $73.02, for a total transaction of $151,662.54. Following the completion of the sale, the insider directly owned 8,426 shares in the company, valued at approximately $615,266.52. The trade was a 19.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick Winterlich sold 3,413 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $73.34, for a total value of $250,309.42. Following the completion of the transaction, the executive vice president directly owned 40,357 shares of the company’s stock, valued at approximately $2,959,782.38. This represents a 7.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hexcel

A number of large investors have recently modified their holdings of the business. Alliancebernstein L.P. lifted its stake in shares of Hexcel by 122.7% in the third quarter. Alliancebernstein L.P. now owns 4,849,941 shares of the aerospace company’s stock worth $304,091,000 after buying an additional 2,671,682 shares in the last quarter. State Street Corp grew its stake in Hexcel by 4.3% during the 2nd quarter. State Street Corp now owns 4,690,924 shares of the aerospace company’s stock valued at $264,990,000 after acquiring an additional 191,649 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Hexcel by 32.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,314,702 shares of the aerospace company’s stock valued at $181,514,000 after acquiring an additional 812,026 shares during the last quarter. American Century Companies Inc. lifted its stake in Hexcel by 103.8% in the 2nd quarter. American Century Companies Inc. now owns 2,759,673 shares of the aerospace company’s stock worth $155,894,000 after purchasing an additional 1,405,538 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its holdings in shares of Hexcel by 49.1% during the 2nd quarter. Brandes Investment Partners LP now owns 2,440,242 shares of the aerospace company’s stock worth $137,850,000 after purchasing an additional 803,123 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Company Profile

(Get Free Report)

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.

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