Hexcel Co. (NYSE:HXL) Director Guy C. Hachey Buys 3,000 Shares

Hexcel Co. (NYSE:HXL) Director Guy C. Hachey purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $64.53 per share, with a total value of $193,590.00. Following the completion of the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at $193,590. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Hexcel Stock Up 3.3 %

Shares of NYSE HXL opened at $66.31 on Thursday. Hexcel Co. has a 1 year low of $58.81 and a 1 year high of $79.08. The firm’s 50 day moving average price is $70.08 and its 200 day moving average price is $69.40. The firm has a market cap of $5.51 billion, a P/E ratio of 56.68, a price-to-earnings-growth ratio of 1.36 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.74.

Hexcel (NYSE:HXL) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $472.30 million for the quarter, compared to analyst estimates of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. Hexcel’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 earnings per share. As a group, sell-side analysts anticipate that Hexcel Co. will post 2.22 earnings per share for the current year.

Hexcel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 2nd. Hexcel’s dividend payout ratio is currently 51.28%.

Hedge Funds Weigh In On Hexcel

A number of large investors have recently bought and sold shares of the stock. Capstone Investment Advisors LLC purchased a new position in shares of Hexcel in the 1st quarter valued at $576,000. Janney Montgomery Scott LLC raised its stake in shares of Hexcel by 2.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 39,912 shares of the aerospace company’s stock valued at $2,908,000 after acquiring an additional 888 shares during the period. Retirement Systems of Alabama raised its stake in shares of Hexcel by 0.6% in the 1st quarter. Retirement Systems of Alabama now owns 105,969 shares of the aerospace company’s stock valued at $7,720,000 after acquiring an additional 625 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Hexcel in the 1st quarter valued at $54,000. Finally, Principal Financial Group Inc. raised its stake in shares of Hexcel by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 317,712 shares of the aerospace company’s stock valued at $23,145,000 after acquiring an additional 8,904 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hexcel from $71.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday. Barclays dropped their target price on shares of Hexcel from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Tuesday, January 30th. UBS Group dropped their target price on shares of Hexcel from $77.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. StockNews.com lowered shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, Stifel Nicolaus lowered their price target on shares of Hexcel from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $76.57.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.