Hexcel Corporation (HXL) Upgraded by Zacks Investment Research to Hold
Zacks Investment Research upgraded shares of Hexcel Corporation (NYSE:HXL) from a sell rating to a hold rating in a report published on Friday.
According to Zacks, “HEXCEL CORP. is an international developer and manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets. “
Other analysts have also issued research reports about the stock. Jefferies Group LLC reiterated a hold rating and set a $50.00 price objective (down previously from $52.00) on shares of Hexcel Corporation in a research note on Tuesday, July 25th. Cowen and Company reiterated a buy rating and set a $57.00 price objective on shares of Hexcel Corporation in a research note on Monday, July 24th. BidaskClub upgraded shares of Hexcel Corporation from a sell rating to a hold rating in a research note on Sunday, July 16th. Aegis reiterated a buy rating on shares of Hexcel Corporation in a research note on Wednesday, May 31st. Finally, Vertical Research lowered shares of Hexcel Corporation from a buy rating to a hold rating and dropped their price objective for the company from $58.00 to $54.00 in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $56.89.
Hexcel Corporation (NYSE:HXL) traded down 0.04% on Friday, reaching $53.75. 273,628 shares of the company’s stock traded hands. The firm has a market capitalization of $4.83 billion, a P/E ratio of 19.69 and a beta of 1.04. Hexcel Corporation has a 52 week low of $41.03 and a 52 week high of $55.91. The stock has a 50-day moving average of $52.97 and a 200 day moving average of $52.68.
Hexcel Corporation (NYSE:HXL) last posted its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $518.29 million. Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 EPS. On average, equities analysts expect that Hexcel Corporation will post $2.68 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Thursday, August 3rd were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, August 1st. This is a positive change from Hexcel Corporation’s previous quarterly dividend of $0.11. Hexcel Corporation’s payout ratio is 18.32%.
Several hedge funds have recently modified their holdings of the company. Karp Capital Management Corp bought a new stake in shares of Hexcel Corporation during the first quarter worth about $1,941,000. UBS Asset Management Americas Inc. raised its stake in shares of Hexcel Corporation by 7.5% in the first quarter. UBS Asset Management Americas Inc. now owns 61,837 shares of the aerospace company’s stock worth $3,373,000 after buying an additional 4,334 shares during the period. World Asset Management Inc bought a new stake in shares of Hexcel Corporation during the first quarter worth about $224,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hexcel Corporation by 3.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,195 shares of the aerospace company’s stock worth $2,029,000 after buying an additional 1,294 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Hexcel Corporation by 1,205.9% in the first quarter. BNP Paribas Arbitrage SA now owns 19,314 shares of the aerospace company’s stock worth $1,054,000 after buying an additional 17,835 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.
Hexcel Corporation Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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