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

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

Hexcel Stock Up 3.3 %

NYSE HXL opened at $66.31 on Thursday. 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 company has a fifty day moving average of $70.08 and a two-hundred day moving average of $69.40. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 56.68, a PEG ratio of 1.36 and a beta of 1.23. Hexcel Co. has a 52 week low of $58.81 and a 52 week high of $79.08.

Hexcel (NYSE:HXL) last issued 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 firm had revenue of $472.30 million during the quarter, compared to analyst estimates of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 earnings per share. On average, analysts predict that Hexcel Co. will post 2.22 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, May 2nd. Hexcel’s dividend payout ratio is currently 51.28%.

Institutional Trading of Hexcel

Large investors have recently made changes to their positions in the stock. CENTRAL TRUST Co boosted its stake in shares of Hexcel by 68.1% during the third quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 179 shares during the period. Cetera Trust Company N.A purchased a new stake in Hexcel in the fourth quarter worth about $30,000. RiverPark Advisors LLC purchased a new stake in Hexcel in the third quarter worth about $41,000. Arcadia Investment Management Corp MI lifted its stake in Hexcel by 110.2% in the third quarter. Arcadia Investment Management Corp MI now owns 641 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 336 shares during the period. Finally, Principal Securities Inc. purchased a new stake in Hexcel in the fourth quarter worth about $51,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HXL. Wells Fargo & Company lifted their price objective on shares of Hexcel from $78.00 to $81.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. Barclays reduced their price target on shares of Hexcel from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 30th. UBS Group reduced their price target on shares of Hexcel from $77.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Bank of America restated an “underperform” rating and issued a $65.00 price target (down previously from $75.00) on shares of Hexcel in a research report on Wednesday, April 10th. Finally, Northcoast Research cut shares of Hexcel from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. 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 stock. According to MarketBeat.com, Hexcel currently has an average rating of “Hold” and a consensus price target of $76.57.

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.