Hexcel Co. (NYSE:HXL - Get Free Report) CEO Tom Gentile purchased 15,000 shares of the business's stock in a transaction on Wednesday, May 1st. The shares were acquired at an average cost of $66.25 per share, with a total value of $993,750.00. Following the acquisition, the chief executive officer now directly owns 15,000 shares in the company, valued at $993,750. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Hexcel Stock Up 2.4 %
Shares of NYSE HXL opened at $67.88 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.74. Hexcel Co. has a 52 week low of $58.81 and a 52 week high of $79.08. The stock has a market capitalization of $5.64 billion, a P/E ratio of 58.02, a PEG ratio of 1.39 and a beta of 1.25. The stock's fifty day moving average is $69.95 and its 200 day moving average is $69.38.
Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, hitting analysts' consensus estimates of $0.44. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The company had revenue of $472.30 million for the quarter, compared to analysts' expectations of $468.93 million. During the same quarter last year, the business earned $0.50 earnings per share. Hexcel's revenue was up 3.2% on a year-over-year basis. Sell-side analysts forecast 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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, May 2nd. Hexcel's payout ratio is currently 51.28%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Barclays cut their price target on Hexcel from $80.00 to $75.00 and set an "equal weight" rating for the company in a report on Tuesday, January 30th. BMO Capital Markets raised their price target on Hexcel from $69.00 to $73.00 and gave the company a "market perform" rating in a report on Thursday, February 22nd. StockNews.com downgraded Hexcel from a "buy" rating to a "hold" rating in a report on Saturday, February 3rd. Truist Financial cut their price target on Hexcel from $96.00 to $90.00 and set a "buy" rating for the company in a report on Friday, April 19th. Finally, UBS Group lowered their price objective on Hexcel from $77.00 to $73.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $76.57.
Get Our Latest Stock Analysis on HXL
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. CENTRAL TRUST Co increased its position in shares of Hexcel by 68.1% in the third quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company's stock worth $29,000 after purchasing an additional 179 shares during the period. Cetera Trust Company N.A bought a new position in shares of Hexcel in the fourth quarter worth about $30,000. Fidelis Capital Partners LLC acquired a new stake in shares of Hexcel in the 1st quarter valued at approximately $36,000. RiverPark Advisors LLC bought a new stake in shares of Hexcel during the 3rd quarter valued at approximately $41,000. Finally, Principal Securities Inc. acquired a new position in Hexcel during the 4th quarter worth approximately $51,000. Institutional investors 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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