Hexcel Co. (NYSE:HXL - Get Free Report) Director Guy C. Hachey acquired 3,000 shares of the firm's stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $64.53 per share, with a total value of $193,590.00. Following the completion of the transaction, the director now owns 3,000 shares of the company's stock, valued at $193,590. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Hexcel Stock Down 1.9 %
Shares of HXL traded down $1.22 during trading hours on Tuesday, reaching $64.21. 1,715,722 shares of the stock traded hands, compared to its average volume of 933,707. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 54.88, a PEG ratio of 1.33 and a beta of 1.23. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44. Hexcel Co. has a 52 week low of $58.81 and a 52 week high of $79.08. The stock has a fifty day simple moving average of $70.24 and a 200 day simple moving average of $69.41.
Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $472.30 million for the quarter, compared to analyst estimates of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The company's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. On average, equities analysts forecast that Hexcel Co. will post 2.22 EPS for the current year.
Hexcel Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, May 2nd. Hexcel's dividend payout ratio (DPR) is currently 51.28%.
Institutional Trading of Hexcel
Several hedge funds and other institutional investors have recently modified their holdings of HXL. Norges Bank bought a new stake in shares of Hexcel in the fourth quarter valued at approximately $66,597,000. Massachusetts Financial Services Co. MA grew its stake in Hexcel by 143.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,466,380 shares of the aerospace company's stock valued at $108,146,000 after acquiring an additional 864,405 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in Hexcel by 93.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,503,055 shares of the aerospace company's stock valued at $110,850,000 after acquiring an additional 724,280 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Hexcel by 102.3% during the third quarter. Envestnet Asset Management Inc. now owns 643,487 shares of the aerospace company's stock valued at $41,917,000 after acquiring an additional 325,369 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in Hexcel by 18.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,462,293 shares of the aerospace company's stock worth $95,254,000 after buying an additional 231,207 shares in the last quarter. Institutional investors own 95.47% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on HXL. Northcoast Research cut shares of Hexcel from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 10th. BMO Capital Markets raised their price target on shares of Hexcel from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Thursday, February 22nd. UBS Group reduced their price target on shares of Hexcel from $77.00 to $73.00 and set a "neutral" rating for the company in a report on Wednesday, April 24th. StockNews.com cut shares of Hexcel from a "buy" rating to a "hold" rating in a report on Saturday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Hexcel from $78.00 to $81.00 and gave the company an "equal weight" rating in a report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $76.57.
Get Our Latest Analysis on HXL
Hexcel Company Profile
(
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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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