Hexcel (NYSE:HXL) Upgraded at Bank of America

Bank of America upgraded shares of Hexcel (NYSE:HXL) from an underperform rating to a neutral rating in a report published on Thursday, Marketbeat Ratings reports. The brokerage currently has $95.00 price objective on the aerospace company’s stock, up from their prior price objective of $60.00.

A number of other equities research analysts have also weighed in on HXL. UBS Group set a $99.00 target price on shares of Hexcel in a report on Friday, January 30th. Royal Bank Of Canada boosted their price objective on Hexcel from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Citigroup restated a “reduce” rating on shares of Hexcel in a report on Thursday, October 23rd. BMO Capital Markets reissued a “market perform” rating and issued a $85.00 price target on shares of Hexcel in a research report on Friday, January 30th. Finally, TD Cowen reiterated a “hold” rating on shares of Hexcel in a research note on Friday, October 24th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $82.17.

Hexcel Trading Up 1.0%

NYSE HXL opened at $89.84 on Thursday. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.79. Hexcel has a 52 week low of $45.28 and a 52 week high of $93.14. The business has a 50 day moving average price of $79.80 and a 200-day moving average price of $70.76. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 65.10, a P/E/G ratio of 1.76 and a beta of 1.06.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. Hexcel had a net margin of 5.78% and a return on equity of 9.54%. The business had revenue of $491.30 million during the quarter, compared to the consensus estimate of $484.46 million. During the same quarter last year, the firm posted $0.52 EPS. Hexcel’s revenue was up 3.7% compared to the same quarter last year. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts expect that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, February 9th. This is an increase from Hexcel’s previous quarterly dividend of $0.17. Hexcel’s dividend payout ratio (DPR) is 52.17%.

Institutional Trading of Hexcel

Hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund boosted its holdings in Hexcel by 25.8% in the 3rd quarter. New York State Common Retirement Fund now owns 421,980 shares of the aerospace company’s stock worth $26,458,000 after buying an additional 86,625 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Hexcel by 12.6% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 403,881 shares of the aerospace company’s stock worth $25,323,000 after acquiring an additional 45,061 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Hexcel by 16.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 36,171 shares of the aerospace company’s stock worth $2,043,000 after acquiring an additional 5,179 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Hexcel by 7.3% in the third quarter. Commonwealth Equity Services LLC now owns 126,794 shares of the aerospace company’s stock valued at $7,950,000 after purchasing an additional 8,661 shares in the last quarter. Finally, Madison Asset Management LLC bought a new stake in shares of Hexcel during the 3rd quarter valued at $1,410,000. 95.47% of the stock is currently owned by institutional investors.

Hexcel Company Profile

Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.

Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.