Hexcel (NYSE:HXL) Given New $50.00 Price Target at Morgan Stanley

Hexcel (NYSE:HXL) had its price objective reduced by Morgan Stanley from $61.00 to $50.00 in a report published on Friday morning,Benzinga reports. They currently have an underperform rating on the aerospace company’s stock.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company lowered their price objective on shares of Hexcel from $87.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. TD Cowen raised Hexcel to a “hold” rating in a research note on Monday, February 24th. Royal Bank of Canada lifted their target price on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Barclays reduced their price objective on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hexcel has a consensus rating of “Hold” and an average target price of $69.73.

Hexcel Stock Performance

Shares of NYSE HXL opened at $51.91 on Friday. The stock has a market capitalization of $4.17 billion, a P/E ratio of 32.65, a P/E/G ratio of 1.72 and a beta of 1.08. The firm’s 50-day moving average price is $58.55 and its two-hundred day moving average price is $61.36. Hexcel has a 52-week low of $45.28 and a 52-week high of $73.58. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. As a group, sell-side analysts forecast that Hexcel will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.17 dividend. The ex-dividend date was Friday, February 7th. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. Hexcel’s dividend payout ratio is presently 42.77%.

Institutional Investors Weigh In On Hexcel

Large investors have recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Hexcel in the fourth quarter worth about $49,000. Manchester Capital Management LLC lifted its position in shares of Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 420 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Hexcel during the fourth quarter valued at approximately $57,000. Finally, NBC Securities Inc. acquired a new stake in shares of Hexcel in the first quarter valued at approximately $61,000. Institutional investors own 95.47% of the company’s stock.

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.