Insider Selling: Hexcel Corporation (HXL) Director Sells $428,483.16 in Stock
Hexcel Corporation (NYSE:HXL) Director Lynn Brubaker sold 6,948 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $61.67, for a total transaction of $428,483.16. Following the completion of the transaction, the director now directly owns 7,107 shares of the company’s stock, valued at approximately $438,288.69. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Hexcel Corporation (NYSE:HXL) opened at $60.42 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.74 and a quick ratio of 1.53. Hexcel Corporation has a 1 year low of $46.95 and a 1 year high of $63.93. The firm has a market cap of $5,457.79, a PE ratio of 23.19, a P/E/G ratio of 2.87 and a beta of 1.10.
Hexcel Corporation (NYSE:HXL) last posted its quarterly earnings data on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.02. Hexcel Corporation had a net margin of 13.13% and a return on equity of 18.40%. The company had revenue of $491.50 million for the quarter, compared to analyst estimates of $507.77 million. During the same period in the prior year, the company posted $0.65 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. equities research analysts predict that Hexcel Corporation will post 2.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Wednesday, November 1st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Tuesday, October 31st. Hexcel Corporation’s dividend payout ratio (DPR) is currently 18.05%.
HXL has been the subject of a number of analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $60.00 price target on shares of Hexcel Corporation in a report on Friday, September 1st. Zacks Investment Research raised shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Bank of America Corporation increased their price target on shares of Hexcel Corporation from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 price target (down previously from $52.00) on shares of Hexcel Corporation in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Hexcel Corporation currently has an average rating of “Hold” and an average price target of $59.20.
A number of institutional investors have recently bought and sold shares of HXL. BlackRock Inc. raised its position in Hexcel Corporation by 12,782.1% in the 1st quarter. BlackRock Inc. now owns 4,690,618 shares of the aerospace company’s stock worth $255,874,000 after purchasing an additional 4,654,206 shares during the period. Schwartz Investment Counsel Inc. raised its position in Hexcel Corporation by 53.0% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 622,100 shares of the aerospace company’s stock worth $35,721,000 after purchasing an additional 215,600 shares during the period. Schroder Investment Management Group increased its position in shares of Hexcel Corporation by 11.6% during the second quarter. Schroder Investment Management Group now owns 2,000,232 shares of the aerospace company’s stock worth $104,652,000 after acquiring an additional 208,439 shares during the period. Epoch Investment Partners Inc. increased its position in shares of Hexcel Corporation by 6.6% during the second quarter. Epoch Investment Partners Inc. now owns 3,246,155 shares of the aerospace company’s stock worth $171,365,000 after acquiring an additional 199,893 shares during the period. Finally, State Street Corp increased its position in shares of Hexcel Corporation by 7.8% during the second quarter. State Street Corp now owns 2,325,125 shares of the aerospace company’s stock worth $122,742,000 after acquiring an additional 169,088 shares during the period. 96.50% of the stock is currently owned by institutional investors.
About Hexcel Corporation
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
Receive News & Stock Ratings for Hexcel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel Corporation and related stocks with our FREE daily email newsletter.