Hexcel (NYSE:HXL) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Hexcel (NYSE:HXL) in a research report released on Friday, Benzinga reports. They currently have a $76.00 price target on the aerospace company’s stock.

A number of other brokerages have also recently issued reports on HXL. Northcoast Research cut Hexcel from a buy rating to a neutral rating in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hexcel from $71.00 to $70.00 and set a hold rating for the company in a report on Tuesday, April 30th. Bank of America reiterated an underperform rating and set a $65.00 price target (down previously from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. Stifel Nicolaus dropped their target price on Hexcel from $90.00 to $86.00 and set a buy rating on the stock in a report on Wednesday, April 17th. Finally, BMO Capital Markets upped their price target on Hexcel from $69.00 to $73.00 and gave the stock a market perform rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Hexcel currently has a consensus rating of Hold and a consensus target price of $77.29.

Hexcel Trading Down 1.9 %

NYSE:HXL opened at $62.25 on Friday. Hexcel has a 12 month low of $58.81 and a 12 month high of $79.08. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 53.21, a PEG ratio of 1.17 and a beta of 1.31. The firm has a fifty day simple moving average of $67.32 and a two-hundred day simple moving average of $70.38.

Hexcel (NYSE:HXL) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The company had revenue of $472.30 million during the quarter, compared to the consensus estimate of $468.93 million. During the same period last year, the business posted $0.50 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts expect that Hexcel will post 2.21 EPS for the current fiscal year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, May 3rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 2nd. Hexcel’s dividend payout ratio (DPR) is currently 51.28%.

Insider Buying and Selling

In related news, CEO Nick L. Stanage purchased 15,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average price of $64.29 per share, with a total value of $964,350.00. Following the acquisition, the chief executive officer now owns 392,446 shares of the company’s stock, valued at approximately $25,230,353.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Hexcel news, Director Catherine A. Suever acquired 400 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average cost of $68.33 per share, with a total value of $27,332.00. Following the completion of the acquisition, the director now directly owns 15,748 shares in the company, valued at $1,076,060.84. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Nick L. Stanage bought 15,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were acquired at an average price of $64.29 per share, with a total value of $964,350.00. Following the transaction, the chief executive officer now directly owns 392,446 shares of the company’s stock, valued at $25,230,353.34. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 43,400 shares of company stock worth $2,820,322. Insiders own 1.39% of the company’s stock.

Institutional Trading of Hexcel

A number of institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its stake in Hexcel by 2.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 35,700 shares of the aerospace company’s stock worth $2,326,000 after purchasing an additional 956 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hexcel by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 783,019 shares of the aerospace company’s stock worth $51,006,000 after buying an additional 19,897 shares in the last quarter. Pathstone Family Office LLC boosted its position in shares of Hexcel by 55.0% in the third quarter. Pathstone Family Office LLC now owns 9,868 shares of the aerospace company’s stock valued at $652,000 after acquiring an additional 3,503 shares during the period. Citigroup Inc. grew its stake in Hexcel by 12.5% during the third quarter. Citigroup Inc. now owns 82,303 shares of the aerospace company’s stock valued at $5,361,000 after acquiring an additional 9,150 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Hexcel by 57.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,834 shares of the aerospace company’s stock worth $252,000 after acquiring an additional 1,396 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.