Hexcel Corporation (HXL) To Go Ex-Dividend on November 2nd

Hexcel Corporation (NYSE:HXL) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.18 per share by the aerospace company on Monday, November 9th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, November 2nd.

Hexcel has increased its dividend by an average of 0.3% per year over the last three years and has raised its dividend every year for the last 3 years. Hexcel has a payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hexcel to earn $3.41 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 21.1%.

Hexcel Price Performance

NYSE HXL opened at $81.49 on Friday. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 1.23 and a beta of 1.10. Hexcel has a 1-year low of $63.21 and a 1-year high of $111.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.37. The business’s fifty day moving average price is $90.14 and its 200-day moving average price is $93.38.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, October 21st. The aerospace company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. The company had revenue of $496.40 million during the quarter, compared to analyst estimates of $501.95 million. Hexcel had a return on equity of 13.71% and a net margin of 8.50%. Hexcel’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. On average, equities analysts predict that Hexcel will post 2.37 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on HXL. The Goldman Sachs Group upped their price target on shares of Hexcel from $88.00 to $97.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Wolfe Research downgraded shares of Hexcel from an “outperform” rating to a “peer perform” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $100.00 price objective on shares of Hexcel in a report on Tuesday, August 4th. TD Cowen cut their target price on shares of Hexcel from $115.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, October 9th. Finally, Guggenheim assumed coverage on shares of Hexcel in a report on Monday, September 14th. They set a “buy” rating and a $120.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $103.25.

Hexcel Company Profile

Hexcel Corporation is an advanced materials company that develops and manufactures lightweight, high-performance composite materials and structural components. Its products are designed to improve strength, durability, fuel efficiency, and performance across demanding applications.

The company’s portfolio includes carbon fiber, fiberglass, specialty reinforcements, prepregs, adhesives, honeycomb materials, engineered core products, and composite structures. These materials and components are used in commercial aircraft, military and space systems, helicopters, wind turbine blades, and various industrial applications.

Hexcel serves customers worldwide through manufacturing, research, and distribution operations in North America, Europe, Asia, and other international markets.