Hexcel Co. (NYSE:HXL - Get Free Report) Director Guy C. Hachey bought 3,000 shares of the company's stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average cost of $64.53 per share, for a total transaction of $193,590.00. Following the transaction, the director now directly owns 3,000 shares of the company's stock, valued at approximately $193,590. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Hexcel Stock Down 1.9 %
Shares of NYSE:HXL opened at $64.21 on Wednesday. Hexcel Co. has a 52 week low of $58.81 and a 52 week high of $79.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.74. The company's fifty day moving average is $70.24 and its 200-day moving average is $69.41. The company has a market capitalization of $5.34 billion, a PE ratio of 54.88, a P/E/G ratio of 1.33 and a beta of 1.23.
Hexcel (NYSE:HXL - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The company had revenue of $472.30 million for the quarter, compared to the consensus estimate of $468.93 million. During the same quarter in the previous year, the company earned $0.50 EPS. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. Equities research analysts predict that Hexcel Co. will post 2.22 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, May 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.60 annualized dividend and a yield of 0.93%. Hexcel's dividend payout ratio (DPR) is 51.28%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hexcel from $71.00 to $70.00 and set a "hold" rating on the stock in a research report on Tuesday. Stifel Nicolaus dropped their target price on shares of Hexcel from $90.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, April 17th. Barclays dropped their target price on shares of Hexcel from $80.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $80.00 target price on shares of Hexcel in a research report on Wednesday, February 21st. Finally, Morgan Stanley downgraded shares of Hexcel from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $70.00 to $66.00 in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $76.57.
View Our Latest Report on HXL
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Hexcel by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 7,846,871 shares of the aerospace company's stock worth $578,707,000 after buying an additional 27,850 shares in the last quarter. Earnest Partners LLC lifted its position in Hexcel by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 4,344,230 shares of the aerospace company's stock worth $282,983,000 after buying an additional 47,591 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in Hexcel by 93.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,503,055 shares of the aerospace company's stock worth $110,850,000 after buying an additional 724,280 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Hexcel by 143.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,466,380 shares of the aerospace company's stock worth $108,146,000 after buying an additional 864,405 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in Hexcel by 18.8% during 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 and hedge funds own 95.47% of the company's stock.
About Hexcel
(
Get Free Report)
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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