Hexcel (NYSE:HXL) Given New $85.00 Price Target at Truist Financial

Hexcel (NYSE:HXL) had its target price hoisted by Truist Financial from $76.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

Several other equities analysts have also commented on HXL. Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Thursday, October 10th. BMO Capital Markets cut their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. TD Cowen raised Hexcel to a “hold” rating in a report on Thursday, December 19th. StockNews.com lowered shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hexcel currently has a consensus rating of “Hold” and a consensus target price of $73.25.

Hexcel Price Performance

HXL stock opened at $67.48 on Friday. The business’s 50-day moving average is $63.73 and its two-hundred day moving average is $62.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The firm has a market capitalization of $5.47 billion, a P/E ratio of 42.44, a P/E/G ratio of 1.94 and a beta of 1.30. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.55%. Analysts anticipate that Hexcel will post 2.34 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio (DPR) is currently 37.74%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Willis Investment Counsel grew its position in Hexcel by 2.2% in the 4th quarter. Willis Investment Counsel now owns 16,850 shares of the aerospace company’s stock valued at $1,056,000 after buying an additional 362 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Hexcel by 1,153.9% in the 4th quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company’s stock worth $33,546,000 after acquiring an additional 493,218 shares during the period. OLD National Bancorp IN boosted its holdings in shares of Hexcel by 20.3% in the fourth quarter. OLD National Bancorp IN now owns 4,091 shares of the aerospace company’s stock valued at $257,000 after acquiring an additional 691 shares in the last quarter. KBC Group NV increased its stake in shares of Hexcel by 57.6% during the fourth quarter. KBC Group NV now owns 3,568 shares of the aerospace company’s stock worth $224,000 after acquiring an additional 1,304 shares during the period. Finally, Blue Trust Inc. raised its holdings in Hexcel by 8.0% during the fourth quarter. Blue Trust Inc. now owns 6,158 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 454 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.