Hexcel Corp. (HXL) Receives $51.33 Average Price Target from Analysts
Shares of Hexcel Corp. (NYSE:HXL) have earned an average recommendation of “Hold” from the twelve analysts that are covering the stock. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $51.33.
Several brokerages have issued reports on HXL. Wolfe Research began coverage on shares of Hexcel Corp. in a research note on Wednesday. They issued a “market perform” rating on the stock. Aegis began coverage on shares of Hexcel Corp. in a research note on Monday, November 21st. They issued a “buy” rating and a $59.00 price objective on the stock. Zacks Investment Research cut shares of Hexcel Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. Vertical Research began coverage on shares of Hexcel Corp. in a research note on Friday, October 28th. They issued a “buy” rating and a $51.00 price objective on the stock. Finally, Jefferies Group reissued a “hold” rating and issued a $44.00 price objective on shares of Hexcel Corp. in a research note on Wednesday, August 10th.
Shares of Hexcel Corp. (NYSE:HXL) opened at 51.47 on Tuesday. The stock has a 50 day moving average of $45.73 and a 200-day moving average of $44.10. Hexcel Corp. has a 12 month low of $37.54 and a 12 month high of $51.50. The firm has a market capitalization of $4.72 billion, a PE ratio of 20.04 and a beta of 0.94.
Hexcel Corp. (NYSE:HXL) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $494.26 million. Hexcel Corp. had a net margin of 12.30% and a return on equity of 19.47%. Hexcel Corp.’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. On average, equities research analysts anticipate that Hexcel Corp. will post $2.58 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Wednesday, November 2nd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, October 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.85%. Hexcel Corp.’s dividend payout ratio is presently 17.12%.
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In related news, SVP Robert George Hennemuth sold 2,495 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $45.00, for a total value of $112,275.00. Following the completion of the transaction, the senior vice president now owns 58,922 shares of the company’s stock, valued at approximately $2,651,490. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy Swords sold 16,699 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $45.01, for a total transaction of $751,621.99. Following the completion of the transaction, the insider now directly owns 15,383 shares of the company’s stock, valued at approximately $692,388.83. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Hexcel Corp. during the second quarter valued at $108,000. Sei Investments Co. increased its position in shares of Hexcel Corp. by 126.7% in the second quarter. Sei Investments Co. now owns 2,627 shares of the company’s stock valued at $109,000 after buying an additional 1,468 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in shares of Hexcel Corp. during the second quarter valued at $119,000. The Manufacturers Life Insurance Company purchased a new position in shares of Hexcel Corp. during the third quarter valued at $127,000. Finally, Investment Counselors of Maryland LLC purchased a new position in shares of Hexcel Corp. during the third quarter valued at $166,000. 98.21% of the stock is owned by hedge funds and other institutional investors.
Hexcel Corp. Company Profile
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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