Fintel reports that on April 27, 2023, Goldman Sachs maintained coverage of Hexcel (NYSE:HXL) with a Sell recommendation.
Analyst Price Forecast Suggests 4.90% Downside
As of April 24, 2023, the average one-year price target for Hexcel is 68.42. The forecasts range from a low of 52.52 to a high of $85.05. The average price target represents a decrease of 4.90% from its latest reported closing price of 71.94.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Hexcel is 1,773MM, an increase of 7.79%. The projected annual non-GAAP EPS is 1.84.
Hexcel Declares $0.12 Dividend
On April 24, 2023 the company declared a regular quarterly dividend of $0.12 per share ($0.50 annualized). Shareholders of record as of May 5, 2023 will receive the payment on May 12, 2023. Previously, the company paid $0.12 per share.
At the current share price of $71.94 / share, the stock's dividend yield is 0.70%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.93%, the lowest has been 0.63%, and the highest has been 2.37%. The standard deviation of yields is 0.37 (n=163).
The current dividend yield is 0.63 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.28. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is -0.26%.
What is the Fund Sentiment?
There are 745 funds or institutions reporting positions in Hexcel. This is a decrease of 9 owner(s) or 1.19% in the last quarter. Average portfolio weight of all funds dedicated to HXL is 0.30%, an increase of 15.74%. Total shares owned by institutions increased in the last three months by 6.82% to 110,467K shares. 
The put/call ratio of HXL is 0.30, indicating a bullish outlook.
What are Other Shareholders Doing?
Alliancebernstein holds 6,048K shares representing 7.17% ownership of the company. In it's prior filing, the firm reported owning 6,161K shares, representing a decrease of 1.86%. The firm increased its portfolio allocation in HXL by 3.84% over the last quarter.
Earnest Partners holds 5,153K shares representing 6.11% ownership of the company. In it's prior filing, the firm reported owning 5,176K shares, representing a decrease of 0.46%. The firm increased its portfolio allocation in HXL by 3.35% over the last quarter.
Bank Of America holds 4,157K shares representing 4.93% ownership of the company. In it's prior filing, the firm reported owning 4,165K shares, representing a decrease of 0.19%. The firm increased its portfolio allocation in HXL by 8.23% over the last quarter.
Boston Partners holds 3,857K shares representing 4.57% ownership of the company. In it's prior filing, the firm reported owning 3,800K shares, representing an increase of 1.48%. The firm increased its portfolio allocation in HXL by 6.80% over the last quarter.
Atlanta Capital Management Co L L C holds 3,522K shares representing 4.17% ownership of the company. In it's prior filing, the firm reported owning 3,843K shares, representing a decrease of 9.10%. The firm decreased its portfolio allocation in HXL by 6.30% over the last quarter.
Hexcel Background Information
(This description is provided by the company.)
Hexcel Corporation is a leading advanced composites company. It develops, manufactures, and markets lightweight, high-performance structural materials including carbon fibers, specialty reinforcements, prepregs, and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered core and composite structures for use in commercial aerospace, space and defense, and industrial applications.
See all Hexcel regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
