Hexcel Co. (NYSE:HXL – Free Report) – Seaport Res Ptn lowered their FY2024 earnings per share estimates for Hexcel in a research note issued on Tuesday, January 14th. Seaport Res Ptn analyst R. Safran now expects that the aerospace company will earn $2.03 per share for the year, down from their previous estimate of $2.05. The consensus estimate for Hexcel’s current full-year earnings is $2.02 per share. Seaport Res Ptn also issued estimates for Hexcel’s Q4 2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.63 EPS and Q4 2025 earnings at $0.70 EPS.
Other equities analysts also recently issued reports about the company. 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. Royal Bank of Canada upgraded Hexcel from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $68.00 to $74.00 in a research note on Thursday, December 19th. UBS Group upped their price target on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their target price on shares of Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $71.33.
Hexcel Stock Up 1.2 %
Hexcel stock opened at $67.39 on Thursday. The company has a market capitalization of $5.46 billion, a PE ratio of 51.44, a price-to-earnings-growth ratio of 1.77 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. Hexcel has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The firm has a 50 day moving average price of $62.68 and a 200 day moving average price of $62.49.
Hexcel (NYSE:HXL – Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. During the same period in the previous year, the firm earned $0.38 EPS. Hexcel’s revenue was up 8.9% on a year-over-year basis.
Hexcel Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, November 1st. Hexcel’s dividend payout ratio is currently 45.80%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of HXL. AQR Capital Management LLC grew its holdings in shares of Hexcel by 277.9% during the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock worth $105,874,000 after buying an additional 1,246,765 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Hexcel by 307.1% in the second quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock valued at $67,421,000 after purchasing an additional 814,402 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of Hexcel by 215.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock valued at $54,034,000 after purchasing an additional 590,975 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Hexcel by 36.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock worth $98,966,000 after purchasing an additional 425,402 shares during the last quarter. Finally, Ceredex Value Advisors LLC lifted its holdings in shares of Hexcel by 34.8% during the third quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company’s stock worth $60,182,000 after purchasing an additional 251,062 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.
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.
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