Hexcel Co. (NYSE:HXL) Receives $81.78 Average PT from Brokerages

Hexcel Co. (NYSE:HXL) has been given an average rating of “Buy” by the thirteen analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $81.78.

A number of research firms have recently issued reports on HXL. KeyCorp increased their price objective on shares of Hexcel from $86.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. BMO Capital Markets increased their price objective on shares of Hexcel from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Canaccord Genuity increased their price objective on shares of Hexcel from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. UBS Group upgraded shares of Hexcel from a “sell” rating to a “neutral” rating and increased their price objective for the company from $67.00 to $76.00 in a research note on Thursday, May 23rd. Finally, Credit Suisse Group increased their target price on shares of Hexcel from $72.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th.

In related news, insider Kimberly A. Hendricks sold 3,500 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $76.00, for a total transaction of $266,000.00. Following the completion of the sale, the insider now owns 30,843 shares of the company’s stock, valued at $2,344,068. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gail E. Lehman sold 733 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $74.56, for a total transaction of $54,652.48. Following the sale, the insider now directly owns 733 shares of the company’s stock, valued at approximately $54,652.48. The disclosure for this sale can be found here. Insiders have sold 13,574 shares of company stock valued at $1,000,394 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of HXL. Markel Corp raised its holdings in shares of Hexcel by 8.9% during the second quarter. Markel Corp now owns 159,000 shares of the aerospace company’s stock worth $12,860,000 after purchasing an additional 13,000 shares during the last quarter. Forbes J M & Co. LLP raised its holdings in shares of Hexcel by 10.4% during the second quarter. Forbes J M & Co. LLP now owns 151,687 shares of the aerospace company’s stock worth $12,268,000 after purchasing an additional 14,338 shares during the last quarter. Swiss National Bank raised its holdings in shares of Hexcel by 1.0% during the second quarter. Swiss National Bank now owns 157,900 shares of the aerospace company’s stock worth $12,771,000 after purchasing an additional 1,500 shares during the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of Hexcel by 12.6% during the second quarter. TimesSquare Capital Management LLC now owns 1,506,260 shares of the aerospace company’s stock worth $121,826,000 after purchasing an additional 168,360 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Hexcel by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 167,834 shares of the aerospace company’s stock worth $13,574,000 after purchasing an additional 13,769 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE HXL traded down $2.17 during midday trading on Wednesday, reaching $77.60. 7,176 shares of the company’s stock traded hands, compared to its average volume of 480,703. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.28 and a current ratio of 2.22. The stock’s 50 day moving average is $80.50. Hexcel has a one year low of $53.50 and a one year high of $85.63. The stock has a market cap of $6.79 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 2.20 and a beta of 1.09.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Monday, July 22nd. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.06. Hexcel had a net margin of 12.90% and a return on equity of 21.45%. The firm had revenue of $609.00 million for the quarter, compared to the consensus estimate of $606.03 million. During the same period last year, the firm earned $0.75 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Equities analysts predict that Hexcel will post 3.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, August 2nd will be given a dividend of $0.17 per share. This is a boost from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, August 1st. This represents a $0.68 dividend on an annualized basis and a yield of 0.88%. Hexcel’s dividend payout ratio is presently 22.30%.

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. It 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, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

Further Reading: What is net income?

Analyst Recommendations for Hexcel (NYSE:HXL)

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.