Hexcel Co. (NYSE:HXL) CEO Buys $964,350.00 in Stock

Hexcel Co. (NYSE:HXL) CEO Nick L. Stanage bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average price of $64.29 per share, for a total transaction of $964,350.00. Following the acquisition, the chief executive officer now directly owns 392,446 shares of the company’s stock, valued at approximately $25,230,353.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hexcel Stock Performance

NYSE:HXL opened at $65.43 on Tuesday. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $70.24 and a 200 day simple moving average of $69.41. Hexcel Co. has a 1-year low of $58.81 and a 1-year high of $79.08. The stock has a market cap of $5.44 billion, a P/E ratio of 55.92, a PEG ratio of 1.33 and a beta of 1.23.

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, meeting analysts’ consensus estimates of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The company had revenue of $472.30 million during the quarter, compared to analysts’ expectations of $468.93 million. During the same quarter in the previous year, the business posted $0.50 earnings per share. Hexcel’s quarterly revenue was up 3.2% on a year-over-year basis. Research analysts anticipate that Hexcel Co. will post 2.22 earnings per share for the current year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. Hexcel’s payout ratio is presently 51.28%.

Institutional Investors Weigh In On Hexcel

A number of hedge funds and other institutional investors have recently made changes to their positions in HXL. Cetera Trust Company N.A bought a new position in Hexcel during the 4th quarter worth $30,000. CENTRAL TRUST Co increased its position in shares of Hexcel by 68.1% in the third quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 179 shares during the period. RiverPark Advisors LLC acquired a new position in Hexcel in the third quarter valued at about $41,000. Arcadia Investment Management Corp MI lifted its position in Hexcel by 110.2% during the third quarter. Arcadia Investment Management Corp MI now owns 641 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 336 shares during the period. Finally, Principal Securities Inc. acquired a new stake in Hexcel during the fourth quarter worth about $51,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HXL has been the topic of a number of analyst reports. Truist Financial dropped their price objective on Hexcel from $96.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Morgan Stanley cut shares of Hexcel from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $70.00 to $66.00 in a research note on Thursday, February 22nd. Northcoast Research lowered shares of Hexcel from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 10th. The Goldman Sachs Group upped their target price on shares of Hexcel from $69.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Barclays reduced their price target on Hexcel from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Tuesday, January 30th. Two 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 data from MarketBeat.com, the stock currently has an average 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.