Hexcel (NYSE:HXL) PT Lowered to $61.00

Hexcel (NYSE:HXL) had its price target lowered by Morgan Stanley from $63.00 to $61.00 in a research report released on Monday, Benzinga reports. Morgan Stanley currently has an underweight rating on the aerospace company’s stock.

Several other research firms also recently weighed in on HXL. Royal Bank of Canada reissued an outperform rating and set a $76.00 price target on shares of Hexcel in a research report on Friday, June 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on Hexcel from $70.00 to $68.00 and set a hold rating for the company in a research report on Friday, June 28th. Wells Fargo & Company upgraded Hexcel from an equal weight rating to an overweight rating and lifted their target price for the company from $81.00 to $95.00 in a report on Wednesday, May 8th. Northcoast Research cut Hexcel from a buy rating to a neutral rating in a report on Wednesday, April 10th. Finally, Bank of America reiterated an underperform rating and issued a $65.00 target price (down previously from $75.00) on shares of Hexcel in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $75.71.

Hexcel Stock Down 4.2 %

Hexcel stock opened at $61.56 on Monday. Hexcel has a twelve month low of $58.81 and a twelve month high of $77.09. The stock has a 50 day moving average of $66.04 and a two-hundred day moving average of $68.84. The company has a current ratio of 2.75, a quick ratio of 1.55 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 52.62, a PEG ratio of 1.35 and a beta of 1.28.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The firm had revenue of $500.40 million during the quarter, compared to the consensus estimate of $484.26 million. During the same period last year, the business posted $0.50 EPS. Hexcel’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, research analysts expect that Hexcel will post 2.1 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, August 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, August 2nd. Hexcel’s payout ratio is 51.28%.

Insider Transactions at Hexcel

In other news, CEO Nick L. Stanage acquired 15,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average cost of $64.29 per share, with a total value of $964,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 392,446 shares in the company, valued at $25,230,353.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Nick L. Stanage acquired 15,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average cost of $64.29 per share, with a total value of $964,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 392,446 shares in the company, valued at $25,230,353.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Guy C. Hachey acquired 3,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $64.53 per share, with a total value of $193,590.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $193,590. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 33,400 shares of company stock valued at $2,179,022. 1.39% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hexcel

Several institutional investors have recently made changes to their positions in HXL. Corient Private Wealth LLC boosted its position in shares of Hexcel by 0.3% during the fourth quarter. Corient Private Wealth LLC now owns 53,624 shares of the aerospace company’s stock worth $3,955,000 after buying an additional 143 shares during the period. Xponance Inc. lifted its position in shares of Hexcel by 1.8% during the 4th quarter. Xponance Inc. now owns 10,251 shares of the aerospace company’s stock valued at $756,000 after acquiring an additional 178 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Hexcel by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company’s stock valued at $542,000 after acquiring an additional 182 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Hexcel by 6.9% during the 1st quarter. Bleakley Financial Group LLC now owns 2,915 shares of the aerospace company’s stock valued at $212,000 after purchasing an additional 187 shares during the period. Finally, New York State Teachers Retirement System raised its stake in Hexcel by 0.3% during the 4th quarter. New York State Teachers Retirement System now owns 62,044 shares of the aerospace company’s stock valued at $4,576,000 after purchasing an additional 200 shares during the period. 95.47% of the stock is owned by institutional investors.

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.