Hexcel (NYSE:HXL) Insider Gina Fitzsimons Sells 911 Shares

Key Points

• Gina Fitzsimons, an insider at Hexcel Corporation, sold 911 shares at an average price of $65.00, resulting in a total transaction of $59,215.00, which reflects a 17.54% decrease in their ownership.
• Hexcel's stock currently has a market cap of $5.08 billion and is trading at $63.83, having experienced a 1.4% decline in recent trading.
• The company issued a quarterly dividend of $0.17 per share, which is part of an annualized dividend yield of 1.1% and represents a dividend payout ratio of 62.96%.

Hexcel Corporation (NYSE:HXL - Get Free Report) insider Gina Fitzsimons sold 911 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total transaction of $59,215.00. Following the transaction, the insider owned 4,283 shares in the company, valued at $278,395. The trade was a 17.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hexcel Trading Down 1.4%

Shares of Hexcel stock traded down $0.90 on Wednesday, hitting $63.83. The stock had a trading volume of 957,161 shares, compared to its average volume of 1,165,297. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. Hexcel Corporation has a one year low of $45.28 and a one year high of $71.05. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 59.10, a PEG ratio of 2.09 and a beta of 1.38. The stock's 50-day simple moving average is $60.53 and its two-hundred day simple moving average is $56.82.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.04. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.The company had revenue of $489.90 million during the quarter, compared to analyst estimates of $482.20 million. During the same quarter last year, the firm posted $0.60 earnings per share. The firm's revenue was down 2.1% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, sell-side analysts predict that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, August 8th. Hexcel's dividend payout ratio (DPR) is presently 62.96%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HXL. BMO Capital Markets boosted their price target on Hexcel from $52.00 to $67.00 and gave the company a "market perform" rating in a research note on Tuesday, July 29th. Royal Bank Of Canada restated an "outperform" rating and set a $70.00 price target (up previously from $65.00) on shares of Hexcel in a report on Monday, July 28th. Morgan Stanley upped their price objective on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Finally, UBS Group raised Hexcel from a "neutral" rating to a "buy" rating and raised their price objective for the company from $65.00 to $80.00 in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $65.00.

Hedge Funds Weigh In On Hexcel

A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in Hexcel by 4.3% in the second quarter. State Street Corp now owns 4,690,924 shares of the aerospace company's stock valued at $264,990,000 after purchasing an additional 191,649 shares during the period. Price T Rowe Associates Inc. MD raised its position in Hexcel by 32.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,314,702 shares of the aerospace company's stock valued at $181,514,000 after purchasing an additional 812,026 shares during the period. American Century Companies Inc. raised its position in Hexcel by 103.8% in the second quarter. American Century Companies Inc. now owns 2,759,673 shares of the aerospace company's stock valued at $155,894,000 after purchasing an additional 1,405,538 shares during the period. Brandes Investment Partners LP raised its position in Hexcel by 49.1% in the second quarter. Brandes Investment Partners LP now owns 2,440,242 shares of the aerospace company's stock valued at $137,850,000 after purchasing an additional 803,123 shares during the period. Finally, Bank of America Corp DE raised its position in Hexcel by 5.9% in the second quarter. Bank of America Corp DE now owns 2,283,626 shares of the aerospace company's stock valued at $129,002,000 after purchasing an additional 126,338 shares during the period. Hedge funds and other institutional investors own 95.47% of the company's stock.

About Hexcel

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.

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