Insider Selling: Hexcel Director Sells 1,000 Shares of Stock (HXL)
Hexcel (NYSE:HXL) Director David Charles Hill sold 1,000 shares of the stock on the open market in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $41.18, for a total value of $41,180.00. Following the completion of the transaction, the director now directly owns 2,448 shares of the company’s stock, valued at approximately $100,809. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on HXL. Analysts at CRT Capital raised their price target on shares of Hexcel from $48.00 to $50.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Separately, analysts at DA Davidson reiterated a “buy” rating on shares of Hexcel in a research note on Tuesday, April 22nd. They now have a $54.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Hexcel from $50.00 to $52.00 in a research note on Thursday, April 3rd. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Hexcel has an average rating of “Buy” and an average price target of $48.50.
Hexcel (NYSE:HXL) traded up 3.71% during mid-day trading on Thursday, hitting $43.00. The stock had a trading volume of 811,139 shares. Hexcel has a 1-year low of $32.75 and a 1-year high of $46.46. The stock has a 50-day moving average of $41.49 and a 200-day moving average of $42.89. The company has a market cap of $4.205 billion and a price-to-earnings ratio of 21.71.
Hexcel (NYSE:HXL) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.01. The company had revenue of $461.70 million for the quarter, compared to the consensus estimate of $453.03 million. During the same quarter last year, the company posted $0.43 earnings per share. Hexcel’s revenue was up 10.9% compared to the same quarter last year. On average, analysts predict that Hexcel will post $2.13 earnings per share for the current fiscal year.
Hexcel Corporation (NYSE:HXL) is a composites company.
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