ValuEngine upgraded shares of Hexcel (NYSE:HXL) from a hold rating to a buy rating in a research report sent to investors on Friday.
A number of other research firms also recently weighed in on HXL. Stephens set a $80.00 target price on Hexcel and gave the stock a buy rating in a research report on Wednesday, July 25th. Cowen restated a buy rating and issued a $75.00 target price on shares of Hexcel in a research report on Tuesday, June 12th. Canaccord Genuity restated a buy rating and issued a $80.00 target price on shares of Hexcel in a research report on Monday, July 23rd. Finally, UBS Group started coverage on Hexcel in a research report on Wednesday, August 15th. They issued a sell rating and a $65.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Hexcel presently has an average rating of Hold and an average price target of $73.17.
HXL traded down $1.04 during trading on Friday, reaching $65.42. The stock had a trading volume of 625,834 shares, compared to its average volume of 447,518. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 2.59 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.41 and a quick ratio of 1.37. Hexcel has a 1-year low of $52.47 and a 1-year high of $73.42.
Hexcel (NYSE:HXL) last released its earnings results on Monday, July 23rd. The aerospace company reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $547.50 million during the quarter, compared to the consensus estimate of $541.92 million. Hexcel had a return on equity of 17.56% and a net margin of 13.78%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 earnings per share. equities analysts expect that Hexcel will post 3.03 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 10th. Shareholders of record on Friday, August 3rd were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.92%. This is a boost from Hexcel’s previous quarterly dividend of $0.13. Hexcel’s dividend payout ratio is currently 22.39%.
In related news, Director Jeffrey A. Graves purchased 1,550 shares of the company’s stock in a transaction on Friday, July 27th. The shares were bought at an average price of $69.00 per share, with a total value of $106,950.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $207,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Amalgamated Bank raised its stake in Hexcel by 4.3% during the 1st quarter. Amalgamated Bank now owns 18,396 shares of the aerospace company’s stock valued at $1,188,000 after purchasing an additional 752 shares during the period. Glen Harbor Capital Management LLC raised its stake in Hexcel by 35.7% during the 1st quarter. Glen Harbor Capital Management LLC now owns 2,926 shares of the aerospace company’s stock valued at $189,000 after purchasing an additional 770 shares during the period. Baird Financial Group Inc. raised its stake in Hexcel by 1.0% during the 2nd quarter. Baird Financial Group Inc. now owns 91,538 shares of the aerospace company’s stock valued at $6,076,000 after purchasing an additional 874 shares during the period. SRS Capital Advisors Inc. raised its stake in Hexcel by 84.1% during the 2nd quarter. SRS Capital Advisors Inc. now owns 2,053 shares of the aerospace company’s stock valued at $136,000 after purchasing an additional 938 shares during the period. Finally, Denver Investment Advisors LLC raised its stake in Hexcel by 6.0% during the 1st quarter. Denver Investment Advisors LLC now owns 17,319 shares of the aerospace company’s stock valued at $1,119,000 after purchasing an additional 974 shares during the period. 97.51% of the stock is currently owned by institutional investors.
Hexcel Company Profile
Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blade, recreational product, and other industrial applications, as well as in cars, boats, and trains.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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