Hexcel (NYSE:HXL) Price Target Raised to $82.00

Hexcel (NYSE:HXL) had its price objective boosted by Royal Bank of Canada from $74.00 to $82.00 in a research note issued to investors on Friday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the aerospace company’s stock.

A number of other brokerages have also issued reports on HXL. Truist Financial cut their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. BMO Capital Markets lowered their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft cut their price target on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Finally, Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hexcel presently has a consensus rating of “Hold” and a consensus price target of $73.25.

Hexcel Stock Performance

HXL opened at $67.48 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $63.73 and its 200 day moving average price is $62.71. The firm has a market capitalization of $5.47 billion, a PE ratio of 42.44, a PEG ratio of 1.94 and a beta of 1.30. Hexcel has a twelve month low of $57.50 and a twelve month high of $77.09.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.55%. As a group, sell-side analysts expect that Hexcel will post 2.34 EPS for the current fiscal year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, February 7th. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.01%. Hexcel’s dividend payout ratio (DPR) is 37.74%.

Institutional Investors Weigh In On Hexcel

Institutional investors and hedge funds have recently made changes to their positions in the business. Speece Thorson Capital Group Inc. grew its position in Hexcel by 15.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock valued at $15,140,000 after buying an additional 32,960 shares during the last quarter. Barclays PLC boosted its holdings in shares of Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after acquiring an additional 17,011 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Hexcel by 12.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock worth $35,957,000 after acquiring an additional 63,730 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Hexcel by 215.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock worth $54,034,000 after purchasing an additional 590,975 shares in the last quarter. Finally, FMR LLC lifted its position in Hexcel by 11.7% in the third quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock valued at $4,791,000 after purchasing an additional 8,135 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

About Hexcel

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.