Hexcel Co. (NYSE:HXL) Given Average Recommendation of “Buy” by Analysts

Hexcel Co. (NYSE:HXL) has received a consensus recommendation of “Buy” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $81.78.

Several analysts recently issued reports on the stock. UBS Group downgraded shares of AGL Energy to a “sell” rating in a research report on Thursday, May 23rd. Barclays reissued a “hold” rating and issued a $77.00 price target on shares of Hexcel in a research report on Sunday, May 26th. Bank of America reissued a “buy” rating and issued a $90.00 price target (down previously from $95.00) on shares of Hexcel in a research report on Wednesday, July 24th. Credit Suisse Group lifted their price target on shares of Canadian National Railway from $101.00 to $104.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, Canaccord Genuity downgraded shares of Thomson Reuters from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th.

In related news, insider Kimberly A. Hendricks sold 3,500 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $76.00, for a total value of $266,000.00. Following the transaction, the insider now directly owns 30,843 shares of the company’s stock, valued at approximately $2,344,068. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thierry Merlot sold 3,241 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $71.00, for a total transaction of $230,111.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,784 shares of company stock worth $1,155,757 over the last ninety days. Insiders own 1.40% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Aperio Group LLC increased its position in shares of Hexcel by 6.9% during the second quarter. Aperio Group LLC now owns 51,812 shares of the aerospace company’s stock valued at $4,190,000 after buying an additional 3,339 shares during the period. Meritage Portfolio Management bought a new stake in shares of Hexcel during the second quarter valued at about $572,000. MBM Wealth Consultants LLC increased its position in shares of Hexcel by 5.9% during the second quarter. MBM Wealth Consultants LLC now owns 5,309 shares of the aerospace company’s stock valued at $429,000 after buying an additional 298 shares during the period. Fisher Asset Management LLC bought a new stake in shares of Hexcel during the second quarter valued at about $2,031,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Hexcel by 2.9% during the second quarter. Janney Montgomery Scott LLC now owns 38,689 shares of the aerospace company’s stock valued at $3,129,000 after buying an additional 1,074 shares during the period. 92.16% of the stock is currently owned by institutional investors.

NYSE HXL opened at $82.92 on Wednesday. The company has a fifty day simple moving average of $80.24. Hexcel has a 12-month low of $53.50 and a 12-month high of $85.63. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 0.77. The firm has a market cap of $7.10 billion, a P/E ratio of 27.19, a P/E/G ratio of 2.31 and a beta of 1.11.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Monday, July 22nd. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. Hexcel had a net margin of 12.90% and a return on equity of 21.45%. The business had revenue of $609.00 million during the quarter, compared to the consensus estimate of $606.03 million. During the same quarter last year, the firm posted $0.75 EPS. Hexcel’s revenue was up 11.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hexcel will post 3.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, August 2nd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.82%. This is an increase from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, August 1st. Hexcel’s payout ratio is currently 19.67%.

Hexcel Company Profile

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

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Analyst Recommendations for Hexcel (NYSE:HXL)

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