Hexcel (NYSE:HXL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Hexcel (NYSE:HXL) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

Several other analysts also recently commented on the stock. Truist Financial raised their price objective on shares of Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Wells Fargo & Company raised their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. BMO Capital Markets reduced 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 report on Monday, October 28th. Finally, UBS Group raised their price objective on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.09.

Hexcel Stock Performance

NYSE:HXL opened at $64.16 on Tuesday. The company has a market capitalization of $5.21 billion, a PE ratio of 40.35, a P/E/G ratio of 1.84 and a beta of 1.31. The company has a 50 day simple moving average of $64.69 and a two-hundred day simple moving average of $62.76. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel has a fifty-two week low of $57.50 and a fifty-two week high of $77.09.

Hexcel (NYSE:HXL) last released its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. Research analysts anticipate that Hexcel will post 2.16 earnings per share for the current year.

Hexcel Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.17 dividend. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is currently 37.74%.

Hedge Funds Weigh In On Hexcel

Large investors have recently bought and sold shares of the stock. True Wealth Design LLC bought a new position in Hexcel during the 3rd quarter valued at $30,000. Allworth Financial LP lifted its stake in Hexcel by 1,069.8% during the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Hexcel during the 4th quarter valued at $49,000. Manchester Capital Management LLC lifted its stake in Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 420 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Hexcel during the 3rd quarter valued at $56,000. 95.47% of the stock is currently owned by 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.