Hexcel (NYSE:HXL) Reaches New 12-Month Low – Time to Sell?

Hexcel Co. (NYSE:HXL) reached a new 52-week low on Friday . The company traded as low as $57.21 and last traded at $58.08, with a volume of 142998 shares trading hands. The stock had previously closed at $58.06.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HXL. Wells Fargo & Company lifted their price target on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price target 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. StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada lifted their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Truist Financial lifted their price objective on shares of Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $73.09.

Hexcel Trading Up 0.4 %

The business’s 50 day simple moving average is $64.47 and its two-hundred day simple moving average is $62.73. The stock has a market cap of $4.73 billion, a P/E ratio of 36.67, a PEG ratio of 1.72 and a beta of 1.30. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, analysts expect that Hexcel Co. will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, February 7th. This is a boost from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is presently 42.77%.

Institutional Trading of Hexcel

Several institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp bought a new stake in shares of Hexcel in the fourth quarter worth $437,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Hexcel by 11.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 239,700 shares of the aerospace company’s stock worth $15,029,000 after purchasing an additional 24,057 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of Hexcel by 0.5% in the fourth quarter. Voloridge Investment Management LLC now owns 513,318 shares of the aerospace company’s stock worth $32,185,000 after purchasing an additional 2,306 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Hexcel in the fourth quarter worth $12,450,000. Finally, Strategic Wealth Partners Ltd. bought a new stake in shares of Hexcel in the fourth quarter worth $1,168,000. Institutional investors own 95.47% of the company’s stock.

About Hexcel

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.