Zacks Investment Research lowered shares of Hexcel Corporation (NYSE:HXL) from a buy rating to a hold rating in a report published on Wednesday, July 26th.
According to Zacks, “HEXCEL CORP. is an international developer and manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets. “
A number of other equities research analysts also recently weighed in on the company. BidaskClub raised Hexcel Corporation from a sell rating to a hold rating in a report on Sunday, July 16th. Cowen and Company reaffirmed a buy rating and issued a $57.00 target price on shares of Hexcel Corporation in a report on Wednesday, April 19th. Aegis reaffirmed a buy rating on shares of Hexcel Corporation in a report on Wednesday, May 31st. Vertical Research downgraded Hexcel Corporation from a buy rating to a hold rating and cut their price objective for the company from $58.00 to $54.00 in a report on Wednesday, July 26th. Finally, Jefferies Group LLC reissued a hold rating and set a $50.00 price objective (down previously from $52.00) on shares of Hexcel Corporation in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $56.89.
Shares of Hexcel Corporation (HXL) traded up 0.311% during mid-day trading on Wednesday, hitting $53.195. The stock had a trading volume of 35,070 shares. The stock has a 50 day moving average of $53.08 and a 200-day moving average of $52.53. The stock has a market capitalization of $4.78 billion, a P/E ratio of 19.485 and a beta of 1.04. Hexcel Corporation has a 52 week low of $41.03 and a 52 week high of $55.91.
Hexcel Corporation (NYSE:HXL) last issued its earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.02. The business had revenue of $491.30 million during the quarter, compared to analyst estimates of $518.29 million. Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 EPS. On average, equities research analysts predict that Hexcel Corporation will post $2.68 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, August 3rd were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, August 1st. This is a positive change from Hexcel Corporation’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a dividend yield of 0.94%. Hexcel Corporation’s dividend payout ratio (DPR) is 18.32%.
Hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. raised its stake in shares of Hexcel Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,930 shares of the aerospace company’s stock worth $471,000 after buying an additional 23 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Hexcel Corporation by 0.5% in the second quarter. Advisor Group Inc. now owns 5,201 shares of the aerospace company’s stock worth $275,000 after buying an additional 24 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Hexcel Corporation by 1.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 4,477 shares of the aerospace company’s stock worth $244,000 after buying an additional 80 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Hexcel Corporation by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 7,326 shares of the aerospace company’s stock worth $387,000 after buying an additional 97 shares during the last quarter. Finally, Blair William & Co. IL raised its stake in shares of Hexcel Corporation by 0.6% in the first quarter. Blair William & Co. IL now owns 16,359 shares of the aerospace company’s stock worth $896,000 after buying an additional 105 shares during the last quarter.
Hexcel Corporation Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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