Insider Buying: David L. Pugh Buys 27,000 Shares of Hexcel Stock (HXL)
Hexcel (NYSE:HXL) Director David L. Pugh acquired 27,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $37.14 per share, for a total transaction of $1,002,780.00. Following the acquisition, the director now directly owns 32,000 shares of the company’s stock, valued at approximately $1,188,480. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Hexcel (NYSE:HXL) traded up 1.94% during mid-day trading on Friday, hitting $37.82. 437,025 shares of the company’s stock traded hands. Hexcel has a 52-week low of $35.31 and a 52-week high of $46.46. The stock’s 50-day moving average is $39.80 and its 200-day moving average is $41.79. The company has a market cap of $3.643 billion and a price-to-earnings ratio of 19.04.
Hexcel (NYSE:HXL) last announced its earnings results on Monday, July 21st. The company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $470.10 million for the quarter, compared to the consensus estimate of $465.54 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts predict that Hexcel will post $2.12 earnings per share for the current fiscal year.
HXL has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Hexcel in a research note on Wednesday, July 23rd. They now have a $50.00 price target on the stock, down previously from $52.00. Analysts at Canaccord Genuity downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. They now have a $46.00 price target on the stock, down previously from $52.00. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Hexcel currently has a consensus rating of “Buy” and a consensus target price of $48.56.
Hexcel Corporation (NYSE:HXL) is a composites company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.