Hexcel (NYSE:HXL) Upgraded by TD Cowen to Hold Rating

TD Cowen upgraded shares of Hexcel (NYSE:HXL) to a hold rating in a research note released on Thursday,Zacks.com reports.

Several other brokerages also recently issued reports on HXL. UBS Group raised their price target on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Wells Fargo & Company increased their price target on Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. BMO Capital Markets cut their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $71.33.

Hexcel Price Performance

Shares of NYSE HXL opened at $63.06 on Thursday. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 48.14, a PEG ratio of 1.96 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09. The business has a 50-day moving average of $61.95 and a 200-day moving average of $62.65.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, equities analysts anticipate that Hexcel will post 2.02 EPS for the current fiscal year.

Hexcel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s dividend payout ratio is currently 45.80%.

Institutional Investors Weigh In On Hexcel

A number of hedge funds have recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in Hexcel during the 3rd quarter valued at approximately $30,000. Capital Performance Advisors LLP acquired a new position in Hexcel in the 3rd quarter valued at approximately $56,000. First Horizon Advisors Inc. lifted its position in shares of Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 326 shares during the period. Huntington National Bank boosted its stake in Hexcel by 30.8% during the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after buying an additional 225 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of Hexcel in the 3rd quarter valued at $62,000. 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.