Hexcel (NYSE:HXL) Price Target Cut to $76.00 by Analysts at Truist Financial

Hexcel (NYSE:HXL) had its target price trimmed by Truist Financial from $78.00 to $76.00 in a research report released on Friday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the aerospace company’s stock.

HXL has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hexcel from $65.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. BMO Capital Markets dropped their price objective on Hexcel from $71.00 to $70.00 and set a “market perform” rating on the stock in a research note on Monday, September 30th. Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research report on Thursday, October 10th. Stifel Nicolaus dropped their price target on Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. Finally, UBS Group decreased their price objective on Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a report on Monday, July 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Hexcel has a consensus rating of “Hold” and a consensus target price of $73.08.

Hexcel Trading Up 1.4 %

NYSE HXL opened at $63.61 on Friday. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 54.37, a PEG ratio of 1.38 and a beta of 1.29. The business’s fifty day moving average is $61.54 and its 200-day moving average is $64.40. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. Hexcel has a one year low of $57.50 and a one year high of $77.09.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, November 1st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. Hexcel’s dividend payout ratio is presently 51.28%.

Hedge Funds Weigh In On Hexcel

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Hexcel by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,914,296 shares of the aerospace company’s stock worth $576,556,000 after buying an additional 67,425 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Hexcel by 2.9% in the 2nd quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company’s stock worth $302,008,000 after buying an additional 136,290 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Hexcel by 277.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after buying an additional 1,246,765 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hexcel by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company’s stock worth $87,829,000 after acquiring an additional 103,679 shares during the last quarter. Finally, Sei Investments Co. grew its position in Hexcel by 6.7% in the first quarter. Sei Investments Co. now owns 1,318,541 shares of the aerospace company’s stock worth $96,056,000 after acquiring an additional 82,473 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.