Hexcel Co. Announces Quarterly Dividend of $0.15 (NYSE:HXL)

Hexcel Co. (NYSE:HXL) declared a quarterly dividend on Monday, October 21st, RTT News reports. Stockholders of record on Friday, November 1st will be paid a dividend of 0.15 per share by the aerospace company on Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, November 1st.

Hexcel has increased its dividend by an average of 43.3% annually over the last three years. Hexcel has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hexcel to earn $2.61 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 23.0%.

Hexcel Price Performance

Shares of NYSE HXL opened at $64.36 on Wednesday. The company has a 50 day moving average of $61.59 and a 200 day moving average of $64.34. The company has a quick ratio of 1.55, a current ratio of 2.75 and a debt-to-equity ratio of 0.51. Hexcel has a twelve month low of $57.50 and a twelve month high of $77.09. The firm has a market cap of $5.35 billion, a P/E ratio of 55.01, a PEG ratio of 1.38 and a beta of 1.29.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The company had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. During the same period last year, the company earned $0.38 EPS. Hexcel’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, research analysts expect that Hexcel will post 2.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a research note on Monday, July 22nd. Stifel Nicolaus dropped their target price on Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research report on Thursday, October 10th. BMO Capital Markets cut their target price on shares of Hexcel from $71.00 to $70.00 and set a “market perform” rating for the company in a research report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Hexcel from $65.00 to $62.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $73.08.

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.