Hexcel Sees Unusually Large Options Volume (HXL)

Hexcel Co. (NYSE:HXL) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 5,680 call options on the company. This represents an increase of 1,054% compared to the typical volume of 492 call options.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Hexcel from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Canaccord Genuity increased their price target on Hexcel from $64.00 to $70.00 and gave the stock a “hold” rating in a report on Friday, January 26th. Stephens increased their price target on Hexcel from $74.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Loop Capital set a $64.00 price target on Hexcel and gave the stock a “hold” rating in a report on Thursday, December 14th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $67.00 price target (up from $60.00) on shares of Hexcel in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Hexcel has a consensus rating of “Hold” and a consensus price target of $64.78.

In other Hexcel news, insider Timothy Swords sold 13,493 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $60.27, for a total transaction of $813,223.11. Following the completion of the sale, the insider now directly owns 20,202 shares in the company, valued at approximately $1,217,574.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nick L. Stanage sold 7,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $62.01, for a total value of $434,070.00. Following the sale, the chief executive officer now owns 161,463 shares of the company’s stock, valued at $10,012,320.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,667 shares of company stock valued at $5,678,201. Company insiders own 2.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HXL. Two Sigma Investments LP bought a new position in Hexcel in the 4th quarter valued at about $9,925,000. Two Sigma Advisers LP bought a new position in Hexcel in the 4th quarter valued at about $18,130,000. Robecosam AG lifted its position in Hexcel by 13.3% in the 4th quarter. Robecosam AG now owns 372,000 shares of the aerospace company’s stock valued at $23,153,000 after acquiring an additional 43,800 shares in the last quarter. Ellington Management Group LLC bought a new position in Hexcel in the 4th quarter valued at about $965,000. Finally, Stone Ridge Asset Management LLC bought a new position in Hexcel in the 4th quarter valued at about $874,000. 97.91% of the stock is currently owned by institutional investors.

Hexcel (NYSE HXL) traded up $1.38 during mid-day trading on Wednesday, hitting $66.78. 545,310 shares of the stock were exchanged, compared to its average volume of 658,634. The company has a market cap of $5,795.75, a PE ratio of 21.10, a PEG ratio of 2.51 and a beta of 1.20. The company has a quick ratio of 1.31, a current ratio of 2.51 and a debt-to-equity ratio of 0.54. Hexcel has a one year low of $49.20 and a one year high of $69.27.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.70. The company had revenue of $511.70 million for the quarter, compared to analysts’ expectations of $506.70 million. Hexcel had a net margin of 14.39% and a return on equity of 17.86%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. research analysts forecast that Hexcel will post 3.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.75%. Hexcel’s dividend payout ratio (DPR) is presently 16.18%.

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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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