Hexcel Co. (NYSE:HXL) Director Buys $641,300.00 in Stock

Hexcel Co. (NYSE:HXL) Director Jeffrey C. Campbell acquired 10,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was purchased at an average price of $64.13 per share, for a total transaction of $641,300.00. Following the acquisition, the director now directly owns 17,803 shares in the company, valued at approximately $1,141,706.39. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hexcel Stock Up 2.0 %

Shares of NYSE:HXL traded up $1.27 on Monday, reaching $65.43. The company had a trading volume of 1,084,063 shares, compared to its average volume of 920,652. The company has a quick ratio of 1.51, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $70.41 and a 200 day moving average price of $69.43. The stock has a market capitalization of $5.44 billion, a P/E ratio of 54.84, a P/E/G ratio of 1.33 and a beta of 1.23. Hexcel Co. has a twelve month low of $58.81 and a twelve month high of $79.08.

Hexcel (NYSE:HXL) last released its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $472.30 million for 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 quarter in the previous year, the business earned $0.50 earnings per share. On average, equities analysts expect that Hexcel Co. will post 2.22 EPS for the current year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 2nd. Hexcel’s dividend payout ratio (DPR) is presently 51.28%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HXL. Barclays cut their price objective on Hexcel from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. StockNews.com downgraded Hexcel from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price objective on shares of Hexcel in a research note on Wednesday, February 21st. Wells Fargo & Company lifted their price objective on Hexcel from $78.00 to $81.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st. Finally, UBS Group decreased their target price on Hexcel from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $76.57.

Hedge Funds Weigh In On Hexcel

A number of institutional investors have recently bought and sold shares of the business. Simplicity Wealth LLC acquired a new position in Hexcel during the first quarter worth approximately $212,000. Global Retirement Partners LLC lifted its stake in Hexcel by 21.1% during the first quarter. Global Retirement Partners LLC now owns 1,669 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 291 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Hexcel by 3.0% during the first quarter. Louisiana State Employees Retirement System now owns 24,300 shares of the aerospace company’s stock worth $1,770,000 after buying an additional 700 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Hexcel by 8.0% during the first quarter. Fifth Third Bancorp now owns 52,259 shares of the aerospace company’s stock worth $3,807,000 after buying an additional 3,885 shares in the last quarter. Finally, Leeward Investments LLC MA increased its holdings in shares of Hexcel by 0.3% during the first quarter. Leeward Investments LLC MA now owns 342,684 shares of the aerospace company’s stock worth $24,964,000 after buying an additional 889 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Company Profile

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.