Insider Selling: Hexcel Treasurer Unloads 2,119 Shares of Stock (HXL)
Hexcel (NYSE:HXL) Treasurer Michael J. Macintyre unloaded 2,119 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $38.12, for a total value of $80,776.28. Following the completion of the transaction, the treasurer now directly owns 1 shares in the company, valued at approximately $38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on HXL shares. 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 company’s stock. Hexcel has a consensus rating of “Buy” and a consensus price target of $48.56.
Hexcel (NYSE:HXL) traded up 0.03% during mid-day trading on Tuesday, hitting $38.34. 39,663 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 $39.6 and its 200-day moving average is $41.68. The company has a market cap of $3.693 billion and a price-to-earnings ratio of 19.67. Hexcel also was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 1,462,678 shares, a growth of 45.2% from the July 15th total of 1,007,596 shares. Based on an average daily trading volume, of 1,283,352 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.5% of the company’s stock are sold short.
Hexcel (NYSE:HXL) last released its earnings data on Monday, July 21st. The company reported $0.55 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Analysts expect that Hexcel will post $2.12 EPS for the current fiscal year.
Hexcel Corporation (NYSE:HXL) is a composites company.
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