Hexcel (NYSE:HXL) Stock Rating Reaffirmed by Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Hexcel (NYSE:HXLFree Report) in a report published on Friday, Benzinga reports. Royal Bank of Canada currently has a $76.00 price target on the aerospace company’s stock.

Several other analysts also recently weighed in on HXL. Truist Financial dropped their price objective on Hexcel from $96.00 to $90.00 and set a buy rating for the company in a research report on Friday, April 19th. Morgan Stanley downgraded shares of Hexcel from an equal weight rating to an underweight rating and reduced their price target for the company from $70.00 to $66.00 in a research note on Thursday, February 22nd. The Goldman Sachs Group upped their price objective on shares of Hexcel from $69.00 to $78.00 and gave the stock a neutral rating in a research report on Tuesday, April 16th. Bank of America reaffirmed an underperform rating and set a $65.00 target price (down previously from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Hexcel from $71.00 to $70.00 and set a hold rating for the company in a research note on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $77.29.

Get Our Latest Analysis on Hexcel

Hexcel Trading Up 2.2 %

Shares of Hexcel stock opened at $63.63 on Friday. The firm’s 50-day moving average price is $67.32 and its two-hundred day moving average price is $70.40. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 54.38, a PEG ratio of 1.17 and a beta of 1.31. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. Hexcel has a 12-month low of $58.81 and a 12-month high of $79.08.

Hexcel (NYSE:HXLGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The business had revenue of $472.30 million for the quarter, compared to analysts’ expectations of $468.93 million. During the same period last year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts forecast that Hexcel will post 2.21 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, May 3rd were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

Insider Transactions at Hexcel

In related news, CEO Nick L. Stanage bought 15,000 shares of Hexcel stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average cost of $64.29 per share, for a total transaction of $964,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 392,446 shares of the company’s stock, valued at approximately $25,230,353.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hexcel news, Director Jeffrey C. Campbell purchased 10,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was purchased at an average cost of $64.13 per share, for a total transaction of $641,300.00. Following the acquisition, the director now owns 17,803 shares in the company, valued at approximately $1,141,706.39. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Nick L. Stanage acquired 15,000 shares of the stock in a transaction dated Friday, April 26th. The stock was acquired at an average cost of $64.29 per share, with a total value of $964,350.00. Following the completion of the transaction, the chief executive officer now owns 392,446 shares in the company, valued at approximately $25,230,353.34. The disclosure for this purchase can be found here. Insiders purchased 43,400 shares of company stock worth $2,820,322 over the last ninety days. 1.85% of the stock is owned by insiders.

Institutional Investors Weigh In On Hexcel

Several institutional investors and hedge funds have recently made changes to their positions in HXL. Cetera Trust Company N.A bought a new stake in shares of Hexcel in the 4th quarter valued at $30,000. Fidelis Capital Partners LLC bought a new stake in Hexcel in the first quarter valued at $36,000. Principal Securities Inc. bought a new stake in Hexcel in the fourth quarter valued at $51,000. GAMMA Investing LLC acquired a new position in shares of Hexcel during the fourth quarter valued at about $53,000. Finally, Centerpoint Advisors LLC boosted its position in shares of Hexcel by 44.6% during the 1st quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

About Hexcel

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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.

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