Hexcel Corp. Director Sells $141,844 in Stock (HXL)
Hexcel Corp. (NYSE:HXL) Director Lynn Brubaker sold 3,143 shares of the company’s stock on the open market in a transaction dated Friday, January 10th. The stock was sold at an average price of $45.13, for a total value of $141,843.59. Following the sale, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $157,955. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Hexcel Corp. (NYSE:HXL) traded up 0.91% during mid-day trading on Friday, hitting $45.30. The stock had a trading volume of 482,549 shares. Hexcel Corp. has a 1-year low of $26.20 and a 1-year high of $45.14. The stock’s 50-day moving average is $43.46 and its 200-day moving average is $39.32. The company has a market cap of $4.510 billion and a price-to-earnings ratio of 25.80.
Hexcel Corp. (NYSE:HXL) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.02. The company had revenue of $412.00 million for the quarter, compared to the consensus estimate of $428.63 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts predict that Hexcel Corp. will post $1.85 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Credit Suisse downgraded shares of Hexcel Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $49.00 price target on the stock, up previously from $43.00. Separately, analysts at RBC Capital reiterated a “buy” rating on shares of Hexcel Corp. in a research note to investors on Tuesday, November 26th. They now have a $47.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Hexcel Corp. from $46.00 to $50.00 in a research note to investors on Tuesday, November 26th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $46.36.
Hexcel Corporation (NYSE:HXL) is a composites company.
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