Hexcel Co. (NYSE:HXL) Declares Dividend Increase – $0.17 Per Share

Hexcel Co. (NYSE:HXL) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Friday, February 7th will be paid a dividend of 0.17 per share by the aerospace company on Friday, February 14th. This represents a $0.68 annualized dividend and a dividend yield of 0.99%. This is an increase from Hexcel’s previous quarterly dividend of $0.15.

Hexcel has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hexcel to earn $2.33 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 25.8%.

Hexcel Trading Up 0.1 %

Shares of Hexcel stock traded up $0.06 during trading hours on Wednesday, reaching $68.52. 2,174,534 shares of the company’s stock were exchanged, compared to its average volume of 1,315,968. The company has a fifty day moving average of $63.22 and a 200-day moving average of $62.59. Hexcel has a 52-week low of $57.50 and a 52-week high of $77.09. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 52.30, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. Sell-side analysts forecast that Hexcel will post 2.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HXL has been the topic of several research reports. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. TD Cowen raised Hexcel to a “hold” rating in a report on Thursday, December 19th. BMO Capital Markets lowered their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Truist Financial lowered their price objective on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Finally, Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hexcel has a consensus rating of “Hold” and an average price target of $71.33.

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.