The Aegis Reaffirms Buy Rating for Hexcel Co. (HXL)

The Aegis Reaffirms Buy Rating for Hexcel Co. (HXL)

HXL has been the topic of a number of other reports. Canaccord Genuity reissued a hold rating and issued a $52.00 target price on shares of Hexcel in a research note on Friday, March 17th. Zacks Investment Research raised shares of Hexcel from a sell rating to a hold rating in a research note on Friday, April 7th. Bank of America Corp raised shares of Hexcel from a neutral rating to a buy rating and set a $65.00 target price on the stock in a research note on Monday, February 6th. Finally, Cowen and Company reissued a buy rating and issued a $57.00 target price on shares of Hexcel in a research note on Wednesday, April 19th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Hexcel has an average rating of Buy and an average target price of $55.78.

Aegis reiterated their buy rating on shares of Hexcel Co. (NYSE:HXL) in a research note published on Wednesday morning.

Shares of Hexcel (NYSE:HXL) opened at 52.17 on Wednesday. The stock has a market capitalization of $4.74 billion, a P/E ratio of 18.90 and a beta of 0.99. The firm’s 50-day moving average price is $51.09 and its 200-day moving average price is $52.06. Hexcel has a 12 month low of $38.87 and a 12 month high of $55.91.

Hexcel (NYSE:HXL) last released its earnings results on Wednesday, April 19th. The aerospace company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.03. Hexcel had a return on equity of 19.67% and a net margin of 12.46%. The business had revenue of $478.80 million during the quarter, compared to analysts’ expectations of $522.29 million. During the same period last year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Hexcel will post $2.69 EPS for the current year. The company also recently declared a quarterly dividend, which was paid on Tuesday, May 9th. Stockholders of record on Tuesday, May 2nd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, April 28th. Hexcel’s payout ratio is presently 16.60%.

Hedge funds have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. raised its stake in shares of Hexcel by 1.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 4,477 shares of the aerospace company’s stock worth $244,000 after buying an additional 80 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Hexcel by 0.6% in the first quarter. Blair William & Co. IL now owns 16,359 shares of the aerospace company’s stock worth $896,000 after buying an additional 105 shares during the last quarter. SFE Investment Counsel raised its stake in shares of Hexcel by 1.4% in the first quarter. SFE Investment Counsel now owns 8,465 shares of the aerospace company’s stock worth $462,000 after buying an additional 120 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Hexcel by 2.3% in the first quarter. Private Advisor Group LLC now owns 5,990 shares of the aerospace company’s stock worth $322,000 after buying an additional 135 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Hexcel by 5.2% in the first quarter. Neuberger Berman Group LLC now owns 5,523 shares of the aerospace company’s stock worth $301,000 after buying an additional 271 shares during the last quarter. 98.02% of the stock is currently owned by hedge funds and other institutional investors. About Hexcel

Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HXL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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