Hexcel Corp. (HXL) EVP Robert George Hennemuth Sells 8,000 Shares
Hexcel Corp. (NYSE:HXL) EVP Robert George Hennemuth sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $50.00, for a total value of $400,000.00. Following the transaction, the executive vice president now owns 64,427 shares of the company’s stock, valued at $3,221,350. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Robert George Hennemuth also recently made the following trade(s):
- On Friday, September 9th, Robert George Hennemuth sold 2,495 shares of Hexcel Corp. stock. The shares were sold at an average price of $45.00, for a total value of $112,275.00.
Hexcel Corp. (NYSE:HXL) traded up 2.50% on Thursday, reaching $51.29. The company’s stock had a trading volume of 1,081,337 shares. The firm’s 50 day moving average price is $45.52 and its 200-day moving average price is $44.05. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 19.97 and a beta of 0.94. Hexcel Corp. has a 52 week low of $37.54 and a 52 week high of $51.37.
Hexcel Corp. (NYSE:HXL) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Hexcel Corp. had a return on equity of 19.47% and a net margin of 12.30%. The firm earned $500.50 million during the quarter, compared to the consensus estimate of $494.26 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, equities analysts predict that Hexcel Corp. will post $2.58 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Shareholders of record on Wednesday, November 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Monday, October 31st. Hexcel Corp.’s dividend payout ratio (DPR) is presently 17.12%.
Large investors have recently bought and sold shares of the stock. D.A. Davidson & CO. increased its stake in Hexcel Corp. by 492.3% in the third quarter. D.A. Davidson & CO. now owns 55,143 shares of the company’s stock worth $2,440,000 after buying an additional 45,833 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Hexcel Corp. by 10.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,893,679 shares of the company’s stock valued at $83,890,000 after buying an additional 180,820 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Hexcel Corp. during the third quarter valued at $233,000. Picton Mahoney Asset Management increased its stake in shares of Hexcel Corp. by 22.3% in the third quarter. Picton Mahoney Asset Management now owns 213,700 shares of the company’s stock valued at $9,468,000 after buying an additional 38,900 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Hexcel Corp. by 20.8% in the third quarter. Mackenzie Financial Corp now owns 44,085 shares of the company’s stock valued at $1,953,000 after buying an additional 7,590 shares during the last quarter. 98.21% of the stock is owned by hedge funds and other institutional investors.
HXL has been the subject of a number of research analyst reports. Aegis assumed coverage on Hexcel Corp. in a report on Monday. They set a “buy” rating and a $59.00 target price for the company. Vertical Research assumed coverage on Hexcel Corp. in a research report on Friday, October 28th. They issued a “buy” rating and a $51.00 price target on the stock. Zacks Investment Research raised Hexcel Corp. from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Monday, October 24th. Jefferies Group reaffirmed a “hold” rating and issued a $44.00 price target on shares of Hexcel Corp. in a research report on Wednesday, August 10th. Finally, Wolfe Research assumed coverage on Hexcel Corp. in a research report on Wednesday. They issued a “market perform” rating on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $50.55.
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Hexcel Corp. Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.
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