Hexcel (NYSE:HXL) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Hexcel (NYSE:HXL) released its quarterly earnings results on Wednesday. The aerospace company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01, FiscalAI reports. Hexcel had a return on equity of 12.34% and a net margin of 7.76%. The company had revenue of $496.40 million during the quarter, compared to analyst estimates of $501.95 million.

Hexcel Trading Down 1.5%

Hexcel stock traded down $1.37 during midday trading on Wednesday, reaching $89.95. The stock had a trading volume of 1,734,189 shares, compared to its average volume of 1,093,028. The company has a quick ratio of 1.37, a current ratio of 2.43 and a debt-to-equity ratio of 0.74. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 45.20, a price-to-earnings-growth ratio of 1.30 and a beta of 1.10. Hexcel has a 52-week low of $63.21 and a 52-week high of $111.74. The company has a fifty day moving average of $90.80 and a 200 day moving average of $93.29.

Hexcel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Hexcel’s dividend payout ratio is 36.18%.

Analysts Set New Price Targets

HXL has been the topic of a number of recent research reports. Seaport Research Partners upgraded Hexcel from a “neutral” rating to a “buy” rating and set a $104.00 price objective on the stock in a research report on Sunday, October 11th. UBS Group lifted their target price on Hexcel from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company dropped their target price on Hexcel from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, September 30th. Jefferies Financial Group cut their target price on Hexcel from $110.00 to $98.00 and set a “hold” rating on the stock in a research report on Monday, September 28th. Finally, Royal Bank Of Canada decreased their price target on Hexcel from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hexcel presently has a consensus rating of “Hold” and an average target price of $103.25.

Insider Activity at Hexcel

In other Hexcel news, insider Gail Lehman sold 13,829 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider owned 20,148 shares in the company, valued at $1,855,630.80. The trade was a 40.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gina Fitzsimons sold 9,675 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $103.14, for a total value of $997,879.50. Following the transaction, the insider directly owned 7,712 shares in the company, valued at approximately $795,415.68. This represents a 55.65% decrease in their position. The SEC filing for this sale provides additional information. 1.84% of the stock is owned by insiders.

About Hexcel

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.