Hexcel Corporation (NYSE:HXL) SVP Kimberly A. Hendricks sold 2,608 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $63.35, for a total value of $165,216.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hexcel Corporation (NYSE:HXL) traded down 0.75% during midday trading on Tuesday, hitting $62.43. The company had a trading volume of 1,017,350 shares. Hexcel Corporation has a 52 week low of $44.38 and a 52 week high of $63.93. The firm has a market capitalization of $5.60 billion, a P/E ratio of 22.87 and a beta of 1.04. The firm’s 50 day moving average is $57.54 and its 200-day moving average is $53.57.

Hexcel Corporation (NYSE:HXL) last released its earnings results on Wednesday, October 18th. The aerospace company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.02. The business had revenue of $491.50 million for the quarter, compared to analysts’ expectations of $507.77 million. Hexcel Corporation had a return on equity of 18.40% and a net margin of 13.13%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, equities research analysts expect that Hexcel Corporation will post $2.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Investors of record on Wednesday, November 1st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.50 dividend on an annualized basis and a yield of 0.80%. Hexcel Corporation’s dividend payout ratio is presently 18.05%.

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A number of equities research analysts have weighed in on HXL shares. KeyCorp reaffirmed a “buy” rating and issued a $60.00 target price on shares of Hexcel Corporation in a report on Friday, September 1st. Zacks Investment Research raised Hexcel Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised Hexcel Corporation from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 target price (down previously from $52.00) on shares of Hexcel Corporation in a report on Tuesday, July 25th. Finally, Vertical Research downgraded Hexcel Corporation from a “buy” rating to a “hold” rating and reduced their target price for the company from $58.00 to $54.00 in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Hexcel Corporation presently has a consensus rating of “Hold” and an average target price of $59.20.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HXL. The Manufacturers Life Insurance Company increased its stake in Hexcel Corporation by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock valued at $163,000 after acquiring an additional 200 shares during the last quarter. Nomura Holdings Inc. bought a new position in Hexcel Corporation in the second quarter valued at $202,000. Pacad Investment Ltd. bought a new position in Hexcel Corporation in the second quarter valued at $206,000. AHL Partners LLP bought a new position in Hexcel Corporation in the second quarter valued at $207,000. Finally, HighTower Advisors LLC bought a new position in Hexcel Corporation in the first quarter valued at $219,000. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Corporation Company Profile

Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.

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