Hexcel Co. (NYSE:HXL) Director Catherine A. Suever Purchases 400 Shares

Hexcel Co. (NYSE:HXL) Director Catherine A. Suever bought 400 shares of Hexcel stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $68.33 per share, with a total value of $27,332.00. Following the completion of the purchase, the director now owns 15,748 shares in the company, valued at approximately $1,076,060.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hexcel Price Performance

Shares of NYSE HXL opened at $70.41 on Tuesday. 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 firm has a market capitalization of $5.85 billion, a PE ratio of 60.18, a P/E/G ratio of 1.39 and a beta of 1.25. Hexcel Co. has a 1-year low of $58.81 and a 1-year high of $79.08. The business’s fifty day moving average price is $69.74 and its two-hundred day moving average price is $69.42.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The business had revenue of $472.30 million for the quarter, compared to analysts’ expectations of $468.93 million. During the same quarter last year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, research analysts expect that Hexcel Co. will post 2.22 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, May 3rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 2nd. Hexcel’s dividend payout ratio (DPR) is 51.28%.

Institutional Trading of Hexcel

Large investors have recently added to or reduced their stakes in the business. CENTRAL TRUST Co grew its stake in shares of Hexcel by 68.1% in the third quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 179 shares in the last quarter. Cetera Trust Company N.A acquired a new position in Hexcel during the 4th quarter valued at about $30,000. Fidelis Capital Partners LLC bought a new stake in shares of Hexcel during the 1st quarter worth about $36,000. RiverPark Advisors LLC acquired a new stake in shares of Hexcel in the 3rd quarter worth approximately $41,000. Finally, Principal Securities Inc. bought a new position in shares of Hexcel in the fourth quarter valued at approximately $51,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on HXL shares. Stifel Nicolaus reduced their price objective on shares of Hexcel from $90.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. The Goldman Sachs Group lifted their price target on Hexcel from $69.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Truist Financial cut 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. Barclays decreased their target price on Hexcel from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. Finally, Wells Fargo & Company upped their price target on Hexcel from $78.00 to $81.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. Two equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.