Hexcel (NYSE:HXL) Insider Sells $59,215.00 in Stock

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 Hexcel stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total value of $59,215.00. Following the completion of the transaction, the insider owned 4,283 shares in the company, valued at $278,395. This trade represents a 17.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hexcel Price Performance

Shares of Hexcel stock traded down $0.48 during trading on Monday, reaching $64.40. The company's stock had a trading volume of 783,839 shares, compared to its average volume of 787,415. 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 12-month low of $45.28 and a 12-month high of $71.05. The company has a market capitalization of $5.12 billion, a P/E ratio of 59.63, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38. The business has a 50 day moving average price of $61.15 and a 200-day moving average price of $56.74.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share 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 analysts' expectations of $482.20 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. As a group, sell-side analysts anticipate that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were paid 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 is presently 62.96%.

Analysts Set New Price Targets

Several equities analysts recently commented on HXL shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $70.00 target price (up from $65.00) on shares of Hexcel in a research note on Monday, July 28th. Morgan Stanley boosted their price target on Hexcel from $50.00 to $55.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. 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 report on Tuesday, July 29th. Zacks Research raised Hexcel from a "strong sell" rating to a "hold" rating in a research report on Thursday. Finally, UBS Group upgraded Hexcel from a "neutral" rating to a "buy" rating and increased their target price for the company from $65.00 to $80.00 in a research note on Tuesday, September 2nd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $65.00.

Institutional Trading of Hexcel

Several institutional investors and hedge funds have recently bought and sold shares of HXL. Geneos Wealth Management Inc. increased its position in Hexcel by 21.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 924 shares of the aerospace company's stock valued at $52,000 after acquiring an additional 165 shares during the period. ProShare Advisors LLC boosted its stake in Hexcel by 3.7% during the 2nd quarter. ProShare Advisors LLC now owns 4,779 shares of the aerospace company's stock valued at $270,000 after purchasing an additional 172 shares in the last quarter. Park Place Capital Corp boosted its stake in Hexcel by 65.1% during the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 196 shares in the last quarter. Beverly Hills Private Wealth LLC boosted its stake in Hexcel by 4.0% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,323 shares of the aerospace company's stock valued at $291,000 after purchasing an additional 207 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of Hexcel by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 98,746 shares of the aerospace company's stock worth $5,407,000 after acquiring an additional 255 shares in the last quarter. Institutional investors and hedge funds 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.