Nick L. Stanage Sells 7,000 Shares of Hexcel Co. (HXL) Stock
Hexcel Co. (NYSE:HXL) CEO Nick L. Stanage sold 7,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $62.01, for a total value of $434,070.00. Following the completion of the transaction, the chief executive officer now directly owns 161,463 shares in the company, valued at approximately $10,012,320.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Hexcel Co. (NYSE HXL) traded up $0.22 during trading hours on Thursday, hitting $61.20. The stock had a trading volume of 666,100 shares, compared to its average volume of 585,878. Hexcel Co. has a 52-week low of $49.20 and a 52-week high of $63.93. The company has a market capitalization of $5,477.56, a PE ratio of 23.27, a P/E/G ratio of 2.88 and a beta of 1.10. The company has a quick ratio of 1.53, a current ratio of 2.74 and a debt-to-equity ratio of 0.58.
Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) 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 firm had revenue of $491.50 million for the quarter, compared to analysts’ expectations of $507.77 million. During the same period last year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. research analysts expect that Hexcel Co. will post 2.67 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the company. Alps Advisors Inc. grew its stake in shares of Hexcel by 0.3% during the second quarter. Alps Advisors Inc. now owns 8,930 shares of the aerospace company’s stock valued at $471,000 after buying an additional 23 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Hexcel by 0.5% during the second quarter. Advisor Group Inc. now owns 5,201 shares of the aerospace company’s stock worth $275,000 after purchasing an additional 24 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Hexcel by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 7,326 shares of the aerospace company’s stock worth $387,000 after purchasing an additional 97 shares during the period. Albion Financial Group UT boosted its holdings in shares of Hexcel by 1.2% during the second quarter. Albion Financial Group UT now owns 8,697 shares of the aerospace company’s stock worth $459,000 after purchasing an additional 100 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Hexcel by 1.4% during the second quarter. Comerica Bank now owns 9,056 shares of the aerospace company’s stock worth $494,000 after purchasing an additional 128 shares during the period. 96.67% of the stock is currently owned by hedge funds and other institutional investors.
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Hexcel 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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