Hexcel Corp. (HXL) Coverage Initiated by Analysts at Aegis
Stock analysts at Aegis began coverage on shares of Hexcel Corp. (NYSE:HXL) in a research report issued on Monday. The brokerage set a “buy” rating and a $59.00 price target on the stock. Aegis’ price objective indicates a potential upside of 21.62% from the stock’s previous close.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Hexcel Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Jefferies Group restated a “hold” rating and issued a $44.00 target price on shares of Hexcel Corp. in a report on Wednesday, August 10th. Vertical Research started coverage on shares of Hexcel Corp. in a report on Friday, October 28th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, Bank of America Corp. lowered shares of Hexcel Corp. from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $50.55.
Hexcel Corp. (NYSE:HXL) traded up 1.28% during trading on Monday, reaching $49.13. The company had a trading volume of 234,566 shares. The company has a 50-day moving average price of $45.02 and a 200 day moving average price of $43.93. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 19.13 and a beta of 0.94. Hexcel Corp. has a one year low of $37.54 and a one year high of $49.20.
Hexcel Corp. (NYSE:HXL) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. Hexcel Corp. had a net margin of 12.30% and a return on equity of 19.47%. The firm had revenue of $500.50 million for the quarter, compared to analyst estimates of $494.26 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. Analysts expect that Hexcel Corp. will post $2.58 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Wednesday, November 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Monday, October 31st. Hexcel Corp.’s dividend payout ratio is currently 17.12%.
In other news, SVP Robert George Hennemuth sold 2,495 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $45.00, for a total transaction of $112,275.00. Following the completion of the transaction, the senior vice president now directly owns 58,922 shares of the company’s stock, valued at approximately $2,651,490. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy Swords sold 16,699 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $45.01, for a total transaction of $751,621.99. Following the transaction, the insider now directly owns 15,383 shares of the company’s stock, valued at $692,388.83. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HXL. Fuller & Thaler Asset Management Inc. bought a new position in Hexcel Corp. during the second quarter worth $108,000. Sei Investments Co. increased its position in Hexcel Corp. by 126.7% in the second quarter. Sei Investments Co. now owns 2,627 shares of the company’s stock worth $109,000 after buying an additional 1,468 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new position in Hexcel Corp. during the second quarter worth $119,000. The Manufacturers Life Insurance Company bought a new position in Hexcel Corp. during the third quarter worth $127,000. Finally, Investment Counselors of Maryland LLC bought a new position in Hexcel Corp. during the third quarter worth $166,000. 98.21% of the stock is owned by hedge funds and other institutional investors.
About Hexcel Corp.
Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.
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