Hexcel Corp. (NYSE:HXL) has received an average recommendation of “Hold” from the twelve brokerages that are covering the firm. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $51.33.
Several analysts have recently issued reports on the company. Wolfe Research assumed coverage on Hexcel Corp. in a report on Wednesday. They set a “market perform” rating on the stock. Aegis assumed coverage on Hexcel Corp. in a report on Monday. They set a “buy” rating and a $59.00 target price on the stock. Zacks Investment Research lowered Hexcel Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th. Vertical Research assumed coverage on Hexcel Corp. in a report on Friday, October 28th. They set a “buy” rating and a $51.00 target price on the stock. Finally, Jefferies Group reissued a “hold” rating and set a $44.00 target price on shares of Hexcel Corp. in a report on Wednesday, August 10th.
Shares of Hexcel Corp. (NYSE:HXL) opened at 51.29 on Tuesday. The company has a market capitalization of $4.71 billion, a PE ratio of 19.97 and a beta of 0.94. The firm’s 50-day moving average price is $45.52 and its 200 day moving average price is $44.05. Hexcel Corp. has a one year low of $37.54 and a one year high of $51.37.
Hexcel Corp. (NYSE:HXL) last released its earnings results on Wednesday, October 19th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The company had revenue of $500.50 million for the quarter, compared to analyst estimates of $494.26 million. Hexcel Corp. had a return on equity of 19.47% and a net margin of 12.30%. Hexcel Corp.’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. Analysts anticipate that Hexcel Corp. will post $2.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 9th. Shareholders of record on Wednesday, November 2nd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, October 31st. This represents a $0.44 annualized dividend and a yield of 0.86%. Hexcel Corp.’s dividend payout ratio is presently 17.12%.
In other Hexcel Corp. news, insider Timothy Swords sold 16,699 shares of the stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $45.01, for a total value of $751,621.99. Following the completion of the transaction, the insider now directly owns 15,383 shares in the company, valued at $692,388.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert George Hennemuth sold 8,000 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $50.00, for a total value of $400,000.00. Following the completion of the transaction, the executive vice president now owns 64,427 shares of the company’s stock, valued at $3,221,350. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new position in Hexcel Corp. during the second quarter valued at approximately $8,186,000. CIBC World Markets Inc. purchased a new position in Hexcel Corp. during the second quarter valued at approximately $416,000. Nordea Investment Management AB increased its position in Hexcel Corp. by 9.1% in the second quarter. Nordea Investment Management AB now owns 97,482 shares of the company’s stock valued at $4,059,000 after buying an additional 8,139 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Hexcel Corp. during the second quarter valued at approximately $362,000. Finally, First Manhattan Co. increased its position in Hexcel Corp. by 137.0% in the second quarter. First Manhattan Co. now owns 5,925 shares of the company’s stock valued at $246,000 after buying an additional 3,425 shares in the last quarter. Hedge funds and other institutional investors own 98.21% of the company’s stock.