Hexcel Co. (NYSE:HXL) Director Jeffrey C. Campbell Buys 10,000 Shares

Hexcel Co. (NYSE:HXL) Director Jeffrey C. Campbell bought 10,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was purchased at an average price of $64.13 per share, with a total value of $641,300.00. Following the completion of the acquisition, the director now owns 17,803 shares of the company’s stock, valued at $1,141,706.39. The purchase was disclosed in a filing with the SEC, which is available through this link.

Hexcel Stock Performance

Shares of NYSE HXL opened at $65.43 on Tuesday. The business’s 50-day simple moving average is $70.24 and its 200-day simple moving average is $69.41. Hexcel Co. has a 52 week low of $58.81 and a 52 week high of $79.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.74. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 55.92, a P/E/G ratio of 1.33 and a beta of 1.23.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The business had revenue of $472.30 million during the quarter, compared to analysts’ expectations of $468.93 million. During the same period in the previous year, the company earned $0.50 earnings per share. Hexcel’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities research analysts expect that Hexcel Co. will post 2.22 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

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

Hedge Funds Weigh In On Hexcel

A number of institutional investors have recently made changes to their positions in HXL. Corient Private Wealth LLC boosted its stake in Hexcel by 0.3% during the 4th quarter. Corient Private Wealth LLC now owns 53,624 shares of the aerospace company’s stock valued at $3,955,000 after purchasing an additional 143 shares during the period. Xponance Inc. increased its position in Hexcel by 1.8% in the 4th quarter. Xponance Inc. now owns 10,251 shares of the aerospace company’s stock worth $756,000 after buying an additional 178 shares during the period. CENTRAL TRUST Co lifted its holdings in shares of Hexcel by 68.1% during the third quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock worth $29,000 after buying an additional 179 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Hexcel by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 37,007 shares of the aerospace company’s stock valued at $2,411,000 after acquiring an additional 180 shares during the period. Finally, New York State Teachers Retirement System grew its stake in shares of Hexcel by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 62,044 shares of the aerospace company’s stock worth $4,576,000 after acquiring an additional 200 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HXL shares. StockNews.com cut shares of Hexcel from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Stifel Nicolaus lowered their target price on Hexcel from $90.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Wells Fargo & Company raised their price target on shares of Hexcel from $78.00 to $81.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. UBS Group cut their target price on shares of Hexcel from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Finally, Morgan Stanley cut shares of Hexcel from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $70.00 to $66.00 in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Hexcel has a consensus rating of “Hold” and a consensus target price of $76.57.

About Hexcel

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.