Truist Financial Cuts Hexcel (NYSE:HXL) Price Target to $80.00

Hexcel (NYSE:HXL) had its price objective decreased by Truist Financial from $85.00 to $80.00 in a report issued on Friday,Benzinga reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

A number of other research firms have also recently issued reports on HXL. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Wells Fargo & Company increased their target price on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada boosted their price target on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $72.64.

Hexcel Stock Down 3.1 %

HXL stock opened at $56.28 on Friday. The company has a 50 day moving average of $62.23 and a two-hundred day moving average of $62.18. 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 has a 12-month low of $55.25 and a 12-month high of $73.58. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, equities analysts anticipate that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.21%. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s payout ratio is 42.77%.

Institutional Trading of Hexcel

A number of hedge funds have recently bought and sold shares of HXL. Earnest Partners LLC raised its position in shares of Hexcel by 0.8% during the fourth quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company’s stock valued at $301,991,000 after buying an additional 37,442 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Hexcel by 4,372.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company’s stock valued at $156,919,000 after acquiring an additional 2,446,716 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Hexcel by 24.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company’s stock valued at $125,172,000 after acquiring an additional 395,744 shares in the last quarter. Sei Investments Co. lifted its position in shares of Hexcel by 9.0% in the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company’s stock worth $92,938,000 after acquiring an additional 122,281 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Hexcel by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company’s stock worth $90,104,000 after purchasing an additional 24,393 shares in the last quarter. 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.