Hexcel (NYSE:HXL) Upgraded at TD Cowen

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

Other analysts have also issued reports about the stock. UBS Group raised their price target 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. Royal Bank of Canada upgraded Hexcel from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $68.00 to $74.00 in a research report on Thursday. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Thursday, October 10th. Finally, Truist Financial decreased their target price on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $71.33.

Hexcel Stock Down 0.8 %

Hexcel stock opened at $62.53 on Thursday. 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 fifty-two week low of $57.50 and a fifty-two week high of $77.09. The firm has a fifty day moving average price of $61.99 and a two-hundred day moving average price of $62.61. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 47.73, a P/E/G ratio of 1.96 and a beta of 1.30.

Hexcel (NYSE:HXL) last announced its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The firm had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, analysts forecast that Hexcel will post 2.02 earnings per share for the current year.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 annualized dividend and a yield of 0.96%. Hexcel’s payout ratio is 45.80%.

Institutional Trading of Hexcel

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its position in Hexcel by 277.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock worth $105,874,000 after buying an additional 1,246,765 shares in the last quarter. Millennium Management LLC raised its stake in shares of Hexcel by 307.1% in the second quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after acquiring an additional 814,402 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of 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. Massachusetts Financial Services Co. MA grew its stake in shares of Hexcel by 36.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after purchasing an additional 425,402 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its holdings in shares of Hexcel by 34.8% in the third quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company’s stock valued at $60,182,000 after purchasing an additional 251,062 shares in 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.