Hexcel Corporation (NYSE:HXL) Stock Has Average Price Target of $101.67

Shares of Hexcel Corporation (NYSE:HXL) have earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $101.67.

Several equities analysts have commented on HXL shares. TD Cowen reiterated a “hold” rating on shares of Hexcel in a report on Wednesday, October 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hexcel in a research report on Monday, November 2nd. Jefferies Financial Group reduced their price objective on shares of Hexcel from $110.00 to $98.00 and set a “hold” rating for the company in a research note on Monday, September 28th. The Goldman Sachs Group upped their price objective on shares of Hexcel from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Wolfe Research downgraded shares of Hexcel from an “outperform” rating to a “peer perform” rating in a report on Friday, July 31st.

Hexcel Stock Performance

HXL opened at $80.32 on Friday. The company has a market cap of $6.08 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 1.15 and a beta of 1.17. The stock has a 50-day moving average of $86.52 and a 200-day moving average of $90.50. Hexcel has a 52-week low of $67.38 and a 52-week high of $111.74. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.42 and a current ratio of 2.57.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, October 21st. The aerospace company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Hexcel had a return on equity of 13.57% and a net margin of 8.50%. The business had revenue of $496.40 million for the quarter, compared to analyst estimates of $501.95 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast that Hexcel will post 2.36 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. Hexcel’s payout ratio is currently 32.29%.

Insider Transactions at Hexcel

In other Hexcel news, insider Gina Fitzsimons sold 9,675 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $103.14, for a total transaction of $997,879.50. Following the completion of the sale, the insider directly owned 7,712 shares in the company, valued at $795,415.68. This represents a 55.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gail Lehman sold 13,829 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $92.10, for a total value of $1,273,650.90. Following the completion of the sale, the insider directly owned 20,148 shares in the company, valued at approximately $1,855,630.80. This represents a 40.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.84% of the stock is owned by corporate insiders.

Institutional Trading of Hexcel

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HXL. Sequoia Financial Advisors LLC increased its holdings in Hexcel by 2.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,340 shares of the aerospace company’s stock worth $432,000 after purchasing an additional 119 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Hexcel by 7.1% in the second quarter. Central Pacific Bank Trust Division now owns 1,803 shares of the aerospace company’s stock worth $180,000 after purchasing an additional 120 shares during the last quarter. Waverly Advisors LLC raised its stake in shares of Hexcel by 3.9% in the second quarter. Waverly Advisors LLC now owns 3,598 shares of the aerospace company’s stock worth $360,000 after purchasing an additional 134 shares during the last quarter. Parvin Asset Management LLC lifted its holdings in shares of Hexcel by 16.3% in the first quarter. Parvin Asset Management LLC now owns 1,035 shares of the aerospace company’s stock valued at $84,000 after purchasing an additional 145 shares in the last quarter. Finally, Krilogy Financial LLC lifted its holdings in shares of Hexcel by 3.0% in the third quarter. Krilogy Financial LLC now owns 5,887 shares of the aerospace company’s stock valued at $500,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

About Hexcel

Hexcel Corporation is an advanced materials company that develops and manufactures lightweight, high-performance composite materials and structural components. Its products are designed to improve strength, durability, fuel efficiency, and performance across demanding applications.

The company’s portfolio includes carbon fiber, fiberglass, specialty reinforcements, prepregs, adhesives, honeycomb materials, engineered core products, and composite structures. These materials and components are used in commercial aircraft, military and space systems, helicopters, wind turbine blades, and various industrial applications.

Hexcel serves customers worldwide through manufacturing, research, and distribution operations in North America, Europe, Asia, and other international markets.