Deutsche Bank Aktiengesellschaft Trims Hexcel (NYSE:HXL) Target Price to $68.00

Hexcel (NYSE:HXL) had its target price lowered by Deutsche Bank Aktiengesellschaft from $70.00 to $68.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a hold rating on the aerospace company’s stock.

A number of other research analysts have also issued reports on HXL. UBS Group decreased their target price on shares of Hexcel from $77.00 to $73.00 and set a neutral rating on the stock in a research report on Wednesday, April 24th. The Goldman Sachs Group increased their target price on shares of Hexcel from $69.00 to $78.00 and gave the stock a neutral rating in a research report on Tuesday, April 16th. Stifel Nicolaus decreased their target price on shares of Hexcel from $90.00 to $86.00 and set a buy rating on the stock in a research report on Wednesday, April 17th. Northcoast Research lowered shares of Hexcel from a buy rating to a neutral rating in a research report on Wednesday, April 10th. Finally, Truist Financial decreased their target price on shares of Hexcel from $96.00 to $90.00 and set a buy rating on the stock in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $77.14.

Hexcel Stock Down 1.8 %

Hexcel stock opened at $62.45 on Friday. The stock has a market cap of $5.19 billion, a P/E ratio of 53.38, a P/E/G ratio of 1.17 and a beta of 1.31. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. Hexcel has a twelve month low of $58.81 and a twelve month high of $79.08. The company’s 50-day moving average price is $67.23 and its two-hundred day moving average price is $69.85.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $472.30 million for the quarter, compared to analysts’ expectations of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. As a group, analysts expect that Hexcel will post 2.21 EPS for the current year.

Hexcel Dividend Announcement

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

Insider Activity at Hexcel

In related news, CEO Nick L. Stanage acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was acquired at an average price of $64.29 per share, with a total value of $964,350.00. Following the purchase, the chief executive officer now directly owns 392,446 shares in the company, valued at $25,230,353.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hexcel news, CEO Nick L. Stanage purchased 15,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was purchased at an average price of $64.29 per share, with a total value of $964,350.00. Following the completion of the purchase, the chief executive officer now owns 392,446 shares of the company’s stock, valued at $25,230,353.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey C. Campbell purchased 10,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were acquired at an average cost of $64.13 per share, with a total value of $641,300.00. Following the purchase, the director now directly owns 17,803 shares of the company’s stock, valued at approximately $1,141,706.39. The disclosure for this purchase can be found here. Insiders purchased a total of 43,400 shares of company stock valued at $2,820,322 in the last quarter. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Hexcel

Several large investors have recently modified their holdings of the business. Cetera Trust Company N.A bought a new position in Hexcel during the fourth quarter worth $30,000. Fidelis Capital Partners LLC bought a new position in Hexcel during the first quarter worth $36,000. Principal Securities Inc. bought a new position in Hexcel during the fourth quarter worth $51,000. GAMMA Investing LLC bought a new position in Hexcel during the fourth quarter worth $53,000. Finally, Centerpoint Advisors LLC raised its stake in Hexcel by 44.6% during the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after buying an additional 223 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

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.