According to Zacks, “HEXCEL CORP. is an international developer and manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets. “
HXL has been the subject of several other reports. Bank of America Corp raised Hexcel from a neutral rating to a buy rating and set a $65.00 price objective for the company in a research report on Monday, February 6th. Vertical Group reissued a buy rating and issued a $55.00 price objective (up from $52.00) on shares of Hexcel in a research report on Friday, December 16th. Credit Suisse Group AG reissued a hold rating on shares of Hexcel in a research report on Tuesday, December 20th. Finally, Canaccord Genuity reissued a hold rating and issued a $52.00 price objective on shares of Hexcel in a research report on Friday, March 17th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Hexcel has a consensus rating of Buy and an average price target of $55.78.
Hexcel (NYSE:HXL) traded down 0.48% during trading on Friday, reaching $51.41. 737,994 shares of the company’s stock traded hands. The firm has a market capitalization of $4.70 billion, a PE ratio of 19.40 and a beta of 0.99. Hexcel has a 1-year low of $38.87 and a 1-year high of $55.91. The firm has a 50 day moving average of $53.77 and a 200 day moving average of $50.64.
Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, April 19th. The aerospace company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by $0.03. Hexcel had a net margin of 12.46% and a return on equity of 19.67%. The business earned $478.80 million during the quarter, compared to the consensus estimate of $522.29 million. During the same period in the prior year, the company posted $0.59 earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year. Equities analysts forecast that Hexcel will post $2.72 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Tuesday, May 2nd will be paid a $0.11 dividend. The ex-dividend date is Friday, April 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.86%. Hexcel’s dividend payout ratio (DPR) is presently 16.60%.
In related news, CFO Wayne C. Pensky sold 10,249 shares of Hexcel stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $55.32, for a total value of $566,974.68. Following the completion of the sale, the chief financial officer now directly owns 94,313 shares in the company, valued at $5,217,395.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thierry Merlot sold 4,774 shares of Hexcel stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $55.29, for a total value of $263,954.46. Following the completion of the sale, the insider now owns 16,182 shares of the company’s stock, valued at $894,702.78. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
Institutional investors have recently modified their holdings of the company. First National Bank of Hutchinson bought a new position in shares of Hexcel during the third quarter worth about $611,000. Sumitomo Life Insurance Co. bought a new position in shares of Hexcel during the third quarter worth about $981,000. Nelson Roberts Investment Advisors LLC boosted its position in shares of Hexcel by 1.6% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 91,563 shares of the aerospace company’s stock worth $4,056,000 after buying an additional 1,435 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Hexcel by 21.3% in the third quarter. Great West Life Assurance Co. Can now owns 11,740 shares of the aerospace company’s stock worth $519,000 after buying an additional 2,058 shares during the period. Finally, Trillium Asset Management LLC boosted its position in shares of Hexcel by 32.9% in the third quarter. Trillium Asset Management LLC now owns 334,444 shares of the aerospace company’s stock worth $14,816,000 after buying an additional 82,851 shares during the period. Hedge funds and other institutional investors own 98.02% of the company’s stock.
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.
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