Hexcel Corporation (HXL) To Go Ex-Dividend on November 2nd

Hexcel Corporation (NYSE:HXL) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Monday, November 2nd will be given a dividend of $0.18 per share by the aerospace company on Monday, November 9th. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 2nd.

Hexcel has increased its dividend by an average of 0.3% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Hexcel has a dividend payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Hexcel to earn $3.21 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 22.4%.

Hexcel Stock Performance

HXL opened at $77.76 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.57 and a debt-to-equity ratio of 0.71. Hexcel has a 12-month low of $67.38 and a 12-month high of $111.74. The business has a 50 day moving average of $87.76 and a 200-day moving average of $90.53. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 1.14 and a beta of 1.10.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, October 21st. The aerospace company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Hexcel had a return on equity of 13.57% and a net margin of 8.50%. The business had revenue of $496.40 million for the quarter, compared to analyst estimates of $501.95 million. During the same period in the previous year, the firm earned $0.37 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts expect that Hexcel will post 2.35 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Gina Fitzsimons sold 9,675 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $103.14, for a total transaction of $997,879.50. Following the transaction, the insider directly owned 7,712 shares of the company’s stock, valued at approximately $795,415.68. This trade represents a 55.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gail E. Lehman sold 13,829 shares of Hexcel stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $92.10, for a total transaction of $1,273,650.90. Following the completion of the sale, the insider owned 20,148 shares of the company’s stock, valued at $1,855,630.80. This trade represents a 40.70% decrease in their position. The SEC filing for this sale provides additional information. 1.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. IFP Advisors Inc grew its holdings in shares of Hexcel by 566.0% during the 2nd quarter. IFP Advisors Inc now owns 353 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 300 shares during the last quarter. Group One Trading LLC acquired a new stake in Hexcel in the second quarter valued at approximately $36,000. Cedar Mountain Advisors LLC acquired a new stake in Hexcel in the first quarter valued at approximately $37,000. Cetera Trust Company N.A acquired a new stake in Hexcel in the second quarter valued at approximately $40,000. Finally, Persistent Asset Partners Ltd bought a new stake in shares of Hexcel during the second quarter worth $51,000. 95.47% of the stock is owned by institutional investors.

Hexcel Company Profile

Hexcel Corporation is an advanced materials company that develops and manufactures lightweight, high-performance composite materials and structural components. Its products are designed to improve strength, durability, fuel efficiency, and performance across demanding applications.

The company’s portfolio includes carbon fiber, fiberglass, specialty reinforcements, prepregs, adhesives, honeycomb materials, engineered core products, and composite structures. These materials and components are used in commercial aircraft, military and space systems, helicopters, wind turbine blades, and various industrial applications.

Hexcel serves customers worldwide through manufacturing, research, and distribution operations in North America, Europe, Asia, and other international markets.