Hexcel Co. (HXL) Insider Sells $1,445,189.70 in Stock

Hexcel Co. (NYSE:HXL) insider Timothy Swords sold 20,395 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $70.86, for a total value of $1,445,189.70. Following the completion of the transaction, the insider now directly owns 16,839 shares in the company, valued at approximately $1,193,211.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

HXL opened at $71.33 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.24 and a quick ratio of 1.28. Hexcel Co. has a 12 month low of $53.50 and a 12 month high of $73.42. The firm has a market capitalization of $6.01 billion, a P/E ratio of 23.39, a PEG ratio of 2.05 and a beta of 1.18.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.06. Hexcel had a net margin of 12.71% and a return on equity of 20.63%. The business had revenue of $609.90 million during the quarter, compared to analysts’ expectations of $590.13 million. During the same quarter in the prior year, the company earned $0.68 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts forecast that Hexcel Co. will post 3.46 earnings per share for the current fiscal year.

The company also recently disclosed 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 0.84%. The ex-dividend date is Thursday, May 2nd. Hexcel’s dividend payout ratio is currently 19.67%.

A number of research firms have recently weighed in on HXL. Bank of America reissued a “buy” rating and issued a $90.00 price target (up previously from $80.00) on shares of Hexcel in a research note on Friday, April 26th. Zacks Investment Research downgraded Hexcel from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Cowen reissued a “buy” rating and issued a $75.00 price target on shares of Hexcel in a research note on Wednesday, April 24th. ValuEngine downgraded Hexcel from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, BMO Capital Markets set a $80.00 price target on Hexcel and gave the company a “buy” rating in a research note on Friday, March 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $75.56.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cascade Investment Advisors Inc. bought a new stake in shares of Hexcel in the 4th quarter valued at $29,000. CWM LLC increased its holdings in Hexcel by 139.6% during the 4th quarter. CWM LLC now owns 520 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 303 shares in the last quarter. Whittier Trust Co. increased its holdings in Hexcel by 51.7% during the 4th quarter. Whittier Trust Co. now owns 531 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 181 shares in the last quarter. Pennsylvania Trust Co bought a new position in Hexcel during the 1st quarter worth about $255,000. Finally, AdvisorNet Financial Inc increased its holdings in Hexcel by 51.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,055 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 360 shares in the last quarter. Institutional investors and hedge funds own 95.74% of the company’s stock.

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Hexcel Company Profile

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

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