Hexcel Corporation (HXL) Insider Sells $813,223.11 in Stock
Hexcel Corporation (NYSE:HXL) insider Timothy Swords sold 13,493 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $60.27, for a total value of $813,223.11. Following the sale, the insider now owns 20,202 shares in the company, valued at $1,217,574.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Hexcel Corporation (NYSE HXL) traded up $0.79 during midday trading on Wednesday, hitting $60.57. The stock had a trading volume of 482,464 shares, compared to its average volume of 581,026. Hexcel Corporation has a 1-year low of $49.20 and a 1-year high of $63.93. The company has a quick ratio of 1.53, a current ratio of 2.74 and a debt-to-equity ratio of 0.58. The company has a market cap of $5,450.61, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 2.87 and a beta of 1.10.
Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.02. Hexcel had a return on equity of 18.40% and a net margin of 13.13%. The business had revenue of $491.50 million during the quarter, compared to the consensus estimate of $507.77 million. During the same period in the previous year, the business earned $0.65 EPS. The business’s quarterly revenue was down 1.8% on a year-over-year basis. research analysts forecast that Hexcel Corporation will post 2.67 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its position in Hexcel by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 8,930 shares of the aerospace company’s stock valued at $471,000 after purchasing an additional 23 shares during the period. Advisor Group Inc. boosted its position in Hexcel by 0.5% during the 2nd quarter. Advisor Group Inc. now owns 5,201 shares of the aerospace company’s stock valued at $275,000 after purchasing an additional 24 shares during the period. Teacher Retirement System of Texas boosted its position in Hexcel by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,326 shares of the aerospace company’s stock valued at $387,000 after purchasing an additional 97 shares during the period. Albion Financial Group UT boosted its position in Hexcel by 1.2% during the 2nd quarter. Albion Financial Group UT now owns 8,697 shares of the aerospace company’s stock worth $459,000 after acquiring an additional 100 shares during the period. Finally, Comerica Bank boosted its position in Hexcel by 1.4% during the 2nd quarter. Comerica Bank now owns 9,056 shares of the aerospace company’s stock worth $494,000 after acquiring an additional 128 shares during the period. Institutional investors and hedge funds own 96.67% of the company’s stock.
Several equities research analysts recently commented on the company. Stephens assumed coverage on Hexcel in a report on Wednesday. They set an “overweight” rating and a $74.00 target price on the stock. Loop Capital assumed coverage on Hexcel in a report on Thursday, September 28th. They set a “hold” rating and a $61.00 target price on the stock. Cowen reiterated a “buy” rating and set a $57.00 target price on shares of Hexcel in a report on Wednesday, August 9th. Canaccord Genuity reiterated a “hold” rating and set a $54.00 target price on shares of Hexcel in a report on Friday, September 29th. Finally, Zacks Investment Research upgraded Hexcel from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $61.67.
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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