Equities researchers at Wolfe Research began coverage on shares of Hexcel Corp. (NYSE:HXL) in a report released on Wednesday. The brokerage set a “market perform” rating on the stock.

A number of other analysts also recently weighed in on HXL. Zacks Investment Research downgraded Hexcel Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. Aegis assumed coverage on Hexcel Corp. in a research report on Monday. They issued a “buy” rating and a $59.00 target price for the company. Bank of America Corp. downgraded Hexcel Corp. from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research report on Friday, July 29th. Vertical Research assumed coverage on Hexcel Corp. in a research report on Friday, October 28th. They issued a “buy” rating and a $51.00 target price for the company. Finally, Jefferies Group restated a “hold” rating and issued a $44.00 target price on shares of Hexcel Corp. in a research report on Wednesday, August 10th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $50.55.

Analyst Recommendations for Hexcel Corp. (NYSE:HXL)

Shares of Hexcel Corp. (NYSE:HXL) traded up 0.64% during mid-day trading on Wednesday, hitting $50.36. 150,948 shares of the stock traded hands. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 19.61 and a beta of 0.94. The firm’s 50-day moving average is $45.32 and its 200-day moving average is $44.00. Hexcel Corp. has a 52 week low of $37.54 and a 52 week high of $50.47.

Hexcel Corp. (NYSE:HXL) last released its earnings results on Wednesday, October 19th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The company earned $500.50 million during the quarter, compared to the consensus estimate of $494.26 million. Hexcel Corp. had a return on equity of 19.47% and a net margin of 12.30%. Hexcel Corp.’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. On average, analysts forecast that Hexcel Corp. will post $2.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Wednesday, November 2nd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, October 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.88%. Hexcel Corp.’s dividend payout ratio is presently 17.12%.

In related news, insider Timothy Swords sold 16,699 shares of the company’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $45.01, for a total value of $751,621.99. Following the sale, the insider now directly owns 15,383 shares of the company’s stock, valued at $692,388.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Robert George Hennemuth sold 2,495 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $45.00, for a total value of $112,275.00. Following the completion of the sale, the senior vice president now directly owns 58,922 shares in the company, valued at $2,651,490. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of HXL. BB&T Securities LLC boosted its stake in shares of Hexcel Corp. by 0.3% in the second quarter. BB&T Securities LLC now owns 9,962 shares of the company’s stock valued at $414,000 after buying an additional 32 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Hexcel Corp. by 0.5% in the second quarter. Integrated Investment Consultants LLC now owns 8,256 shares of the company’s stock valued at $344,000 after buying an additional 37 shares during the last quarter. Calvert Investment Management Inc. boosted its stake in shares of Hexcel Corp. by 0.5% in the second quarter. Calvert Investment Management Inc. now owns 7,529 shares of the company’s stock valued at $314,000 after buying an additional 37 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Hexcel Corp. by 0.6% in the second quarter. Glenmede Trust Co. NA now owns 8,124 shares of the company’s stock valued at $337,000 after buying an additional 49 shares during the last quarter. Finally, Ranger Investment Management L.P. boosted its stake in shares of Hexcel Corp. by 1.7% in the second quarter. Ranger Investment Management L.P. now owns 8,540 shares of the company’s stock valued at $356,000 after buying an additional 140 shares during the last quarter. 98.21% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Hexcel Corp. (HXL) Receives New Coverage from Analysts at Wolfe Research” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The original version of this article can be accessed at https://www.thecerbatgem.com/2016/11/23/hexcel-corp-hxl-receives-new-coverage-from-analysts-at-wolfe-research.html.

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.

5 Day Chart for NYSE:HXL

Receive News & Stock Ratings for Hexcel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel Corp. and related stocks with our FREE daily email newsletter.