Aegis assumed coverage on shares of Hexcel Corp. (NYSE:HXL) in a research report released on Monday. The brokerage issued a buy rating and a $59.00 price target on the stock.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Hexcel Corp. from a buy rating to a hold rating in a report on Tuesday, November 15th. Vertical Research started coverage on Hexcel Corp. in a report on Friday, October 28th. They set a buy rating and a $51.00 price target on the stock. Jefferies Group reissued a hold rating and set a $44.00 price target on shares of Hexcel Corp. in a report on Wednesday, August 10th. Finally, Bank of America Corp. cut Hexcel Corp. from a buy rating to a neutral rating and set a $50.00 price target on the stock. in a report on Friday, July 29th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $50.55.
Shares of Hexcel Corp. (NYSE:HXL) opened at 51.29 on Monday. The company’s 50-day moving average price is $45.52 and its 200 day moving average price is $44.05. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 19.97 and a beta of 0.94. Hexcel Corp. has a 1-year low of $37.54 and a 1-year high of $51.37.
Hexcel Corp. (NYSE:HXL) last released its quarterly earnings data on Wednesday, October 19th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. The business had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $494.26 million. Hexcel Corp. had a return on equity of 19.47% and a net margin of 12.30%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. On average, analysts predict that Hexcel Corp. will post $2.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Shareholders of record on Wednesday, November 2nd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, October 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.86%. Hexcel Corp.’s dividend payout ratio is presently 17.12%.
In other Hexcel Corp. news, EVP Robert George Hennemuth sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $50.00, for a total transaction of $400,000.00. Following the sale, the executive vice president now directly owns 64,427 shares of the company’s stock, valued at $3,221,350. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Timothy Swords sold 16,699 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $45.01, for a total value of $751,621.99. Following the sale, the insider now directly owns 15,383 shares in the company, valued at $692,388.83. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in Hexcel Corp. during the second quarter worth approximately $108,000. Sei Investments Co. boosted its stake in shares of Hexcel Corp. by 126.7% in the second quarter. Sei Investments Co. now owns 2,627 shares of the company’s stock valued at $109,000 after buying an additional 1,468 shares during the period. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Hexcel Corp. during the second quarter valued at about $119,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Hexcel Corp. during the third quarter valued at about $127,000. Finally, Investment Counselors of Maryland LLC purchased a new stake in shares of Hexcel Corp. during the third quarter valued at about $166,000. 98.21% of the stock is currently owned by institutional investors and hedge funds.
About Hexcel Corp.