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

Hexcel Co. (NYSE:HXL) Director Guy C. Hachey acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $64.53 per share, for a total transaction of $193,590.00. Following the purchase, the director now owns 3,000 shares of the company’s stock, valued at $193,590. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hexcel Stock Performance

Shares of HXL opened at $66.31 on Thursday. Hexcel Co. has a 12 month low of $58.81 and a 12 month high of $79.08. The stock has a fifty day moving average price of $70.08 and a 200-day moving average price of $69.40. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44. The firm has a market cap of $5.51 billion, a PE ratio of 56.68, a P/E/G ratio of 1.36 and a beta of 1.23.

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, hitting analysts’ consensus estimates of $0.44. The company had revenue of $472.30 million during the quarter, compared to analyst estimates of $468.93 million. Hexcel had a return on equity of 8.97% and a net margin of 5.52%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. Equities research analysts predict that Hexcel Co. will post 2.22 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

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

Hedge Funds Weigh In On Hexcel

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HXL. Norges Bank purchased a new position in Hexcel in the 4th quarter worth $66,597,000. Massachusetts Financial Services Co. MA raised its stake in shares of Hexcel by 143.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,466,380 shares of the aerospace company’s stock valued at $108,146,000 after buying an additional 864,405 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of Hexcel by 93.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,503,055 shares of the aerospace company’s stock valued at $110,850,000 after acquiring an additional 724,280 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Hexcel by 102.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 643,487 shares of the aerospace company’s stock valued at $41,917,000 after acquiring an additional 325,369 shares during the period. Finally, Westfield Capital Management Co. LP grew its position in shares of Hexcel by 18.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,462,293 shares of the aerospace company’s stock valued at $95,254,000 after acquiring an additional 231,207 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Truist Financial dropped their price objective on Hexcel from $96.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Stifel Nicolaus dropped their target price on Hexcel from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Morgan Stanley cut Hexcel from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $70.00 to $66.00 in a research report on Thursday, February 22nd. Bank of America reaffirmed an “underperform” rating and set a $65.00 target price (down previously from $75.00) on shares of Hexcel in a research report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Hexcel from $71.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Hexcel currently has an average rating of “Hold” and an average 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.