Hexcel Corp. (HXL) Trading 1.3% Higher
Hexcel Corp. (NYSE:HXL)’s share price traded up 1.3% during mid-day trading on Tuesday . The company traded as high as $42.45 and last traded at $42.07, with a volume of 412,433 shares traded. The stock had previously closed at $41.51.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Hexcel Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Canaccord Genuity reaffirmed a “hold” rating on shares of Hexcel Corp. in a report on Wednesday, April 20th. Goldman Sachs Group Inc. lowered their target price on Hexcel Corp. from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, April 12th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $53.00 target price on shares of Hexcel Corp. in a report on Sunday, April 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.67.
The company’s 50 day moving average is $42.18 and its 200 day moving average is $42.79. The firm has a market cap of $3.97 billion and a P/E ratio of 18.36.
Hexcel Corp. (NYSE:HXL) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The business had revenue of $522.60 million for the quarter, compared to the consensus estimate of $504.31 million. During the same period in the prior year, the business posted $0.63 EPS. Hexcel Corp.’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts forecast that Hexcel Corp. will post $2.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 10th. Investors of record on Wednesday, August 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.03%.
In related news, Director David Charles Hill sold 1,000 shares of Hexcel Corp. stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $44.80, for a total transaction of $44,800.00. Following the completion of the sale, the director now owns 1,883 shares of the company’s stock, valued at $84,358.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Other large investors have bought and sold shares of the company. Ameritas Investment Partners Inc. raised its stake in Hexcel Corp. by 36.3% in the fourth quarter. Ameritas Investment Partners Inc. now owns 29,300 shares of the company’s stock valued at $1,360,000 after buying an additional 7,800 shares in the last quarter. Suntrust Banks Inc. increased its stake in Hexcel Corp. by 0.4% in the fourth quarter. Suntrust Banks Inc. now owns 31,951 shares of the company’s stock worth $1,484,000 after buying an additional 113 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Hexcel Corp. by 12.6% in the fourth quarter. Advisors Asset Management Inc. now owns 36,125 shares of the company’s stock worth $1,678,000 after buying an additional 4,032 shares during the last quarter. Mandatum Life Insurance Co Ltd purchased a new stake in Hexcel Corp. during the fourth quarter worth $2,799,000. Finally, TD Asset Management Inc. increased its stake in Hexcel Corp. by 2.4% in the fourth quarter. TD Asset Management Inc. now owns 61,149 shares of the company’s stock worth $2,840,000 after buying an additional 1,424 shares during the last quarter.
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.