Hexcel Co. (NYSE:HXL) Director Guy C. Hachey Purchases 3,000 Shares of Stock

Hexcel Co. (NYSE:HXL) Director Guy C. Hachey acquired 3,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of $64.53 per share, with a total value of $193,590.00. Following the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $193,590. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hexcel Trading Down 1.9 %

NYSE HXL opened at $64.21 on Wednesday. Hexcel Co. has a 12 month low of $58.81 and a 12 month high of $79.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.51. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 54.88, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23. The company’s fifty day moving average price is $70.24 and its two-hundred day moving average price is $69.41.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The firm had revenue of $472.30 million for the quarter, compared to the consensus estimate of $468.93 million. During the same period in the prior year, the firm posted $0.50 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. As a group, research analysts predict that Hexcel Co. will post 2.22 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. Hexcel’s payout ratio is currently 51.28%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Corient Private Wealth LLC lifted its position in shares of Hexcel by 0.3% in the 4th quarter. Corient Private Wealth LLC now owns 53,624 shares of the aerospace company’s stock worth $3,955,000 after buying an additional 143 shares during the last quarter. Xponance Inc. lifted its position in shares of Hexcel by 1.8% in the 4th quarter. Xponance Inc. now owns 10,251 shares of the aerospace company’s stock worth $756,000 after buying an additional 178 shares during the last quarter. CENTRAL TRUST Co lifted its position in shares of Hexcel by 68.1% in the 3rd quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock worth $29,000 after buying an additional 179 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Hexcel by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 37,007 shares of the aerospace company’s stock worth $2,411,000 after acquiring an additional 180 shares during the period. Finally, New York State Teachers Retirement System increased its holdings in shares of Hexcel by 0.3% in the 4th quarter. New York State Teachers Retirement System now owns 62,044 shares of the aerospace company’s stock worth $4,576,000 after acquiring an additional 200 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HXL has been the subject of several recent research reports. Northcoast Research lowered shares of Hexcel from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Morgan Stanley lowered shares of Hexcel from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $70.00 to $66.00 in a research report on Thursday, February 22nd. Barclays dropped their price objective on shares of Hexcel from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. Stifel Nicolaus dropped their price objective on shares of Hexcel from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, Bank of America restated an “underperform” rating and issued a $65.00 target price (down from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Hexcel has a consensus rating of “Hold” and an average target price of $76.57.

About Hexcel

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.