Shares of Hexcel Co. (NYSE:HXL) have received an average rating of “Hold” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $71.50.
Several equities analysts recently commented on the company. BMO Capital Markets upgraded Hexcel from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Zacks Investment Research cut Hexcel from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Cowen reissued a “buy” rating and issued a $66.00 target price on shares of Hexcel in a research note on Wednesday, January 23rd. Vertical Research raised Hexcel from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Tuesday, October 23rd. Finally, ValuEngine raised Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th.
A number of hedge funds and other institutional investors have recently bought and sold shares of HXL. Anchor Capital Advisors LLC acquired a new stake in shares of Hexcel in the 4th quarter valued at about $22,522,000. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Hexcel by 532.4% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 445,700 shares of the aerospace company’s stock worth $29,884,000 after buying an additional 375,220 shares in the last quarter. Eaton Vance Management increased its stake in shares of Hexcel by 20.4% during the 4th quarter. Eaton Vance Management now owns 1,812,729 shares of the aerospace company’s stock worth $103,942,000 after purchasing an additional 307,192 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Hexcel during the 3rd quarter worth approximately $14,009,000. Finally, BlackRock Inc. increased its stake in shares of Hexcel by 3.3% during the 3rd quarter. BlackRock Inc. now owns 5,465,957 shares of the aerospace company’s stock worth $366,492,000 after purchasing an additional 176,648 shares during the last quarter. Institutional investors and hedge funds own 98.19% of the company’s stock.
Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, January 23rd. The aerospace company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The business had revenue of $561.00 million for the quarter, compared to analyst estimates of $558.55 million. Hexcel had a return on equity of 19.19% and a net margin of 12.64%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 EPS. As a group, research analysts expect that Hexcel will post 3.52 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 12th. Stockholders of record on Tuesday, February 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Monday, February 4th. Hexcel’s payout ratio is 19.67%.
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.
Recommended Story: How to Calculate Compound Annual Growth Rate (CAGR)
Receive News & Ratings for Hexcel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel and related companies with MarketBeat.com's FREE daily email newsletter.