Hexcel Co. (NYSE:HXL) Declares Quarterly Dividend of $0.17

Hexcel Co. (NYSE:HXL) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Friday, February 7th will be paid a dividend of 0.17 per share by the aerospace company on Friday, February 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.99%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15.

Hexcel has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hexcel to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 25.8%.

Hexcel Trading Up 0.1 %

Shares of HXL opened at $68.52 on Thursday. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 52.30, a PEG ratio of 1.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. Hexcel has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The firm has a 50 day moving average price of $63.36 and a 200-day moving average price of $62.63.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. As a group, equities research analysts forecast that Hexcel will post 2.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HXL shares. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. UBS Group upped their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. BMO Capital Markets lowered their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. Truist Financial decreased their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a report on Friday, October 18th. Finally, Wells Fargo & Company upped their price objective on shares of Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hexcel presently has an average rating of “Hold” and an average target price of $71.33.

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.