Hexcel Co. (NYSE:HXL - Get Free Report) Director Catherine A. Suever acquired 400 shares of the business's stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $68.33 per share, for a total transaction of $27,332.00. Following the transaction, the director now owns 15,748 shares of the company's stock, valued at $1,076,060.84. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Hexcel Stock Up 3.3 %
NYSE:HXL opened at $70.41 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.51. Hexcel Co. has a one year low of $58.81 and a one year high of $79.08. The firm's 50 day simple moving average is $69.74 and its 200 day simple moving average is $69.42. The company has a market cap of $5.85 billion, a PE ratio of 60.18, a P/E/G ratio of 1.39 and a beta of 1.25.
Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, meeting analysts' consensus estimates of $0.44. The business had revenue of $472.30 million during the quarter, compared to the consensus estimate of $468.93 million. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. Hexcel's quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. On average, research analysts anticipate that Hexcel Co. will post 2.22 earnings per share for the current year.
Hexcel Dividend Announcement
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The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, May 3rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, May 2nd. Hexcel's payout ratio is presently 51.28%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Hexcel during the fourth quarter worth $66,597,000. Massachusetts Financial Services Co. MA raised its position in shares of Hexcel by 143.6% in 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 acquiring an additional 864,405 shares in the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of Hexcel by 93.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,503,055 shares of the aerospace company's stock valued at $110,850,000 after purchasing an additional 724,280 shares during the period. 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 worth $41,917,000 after purchasing an additional 325,369 shares during the period. Finally, Westfield Capital Management Co. LP increased its holdings in Hexcel by 18.8% in the third quarter. Westfield Capital Management Co. LP now owns 1,462,293 shares of the aerospace company's stock worth $95,254,000 after purchasing an additional 231,207 shares in the last quarter. Institutional investors own 95.47% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Hexcel from $90.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, April 17th. Bank of America restated an "underperform" rating and set a $65.00 price objective (down from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hexcel from $71.00 to $70.00 and set a "hold" rating for the company in a research note on Tuesday, April 30th. BMO Capital Markets boosted their price target on Hexcel from $69.00 to $73.00 and gave the stock a "market perform" rating in a research report on Thursday, February 22nd. Finally, Barclays reduced their target price on Hexcel from $80.00 to $75.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $76.57.
View Our Latest Stock Analysis on Hexcel
Hexcel Company Profile
(
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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