Hexcel (NYSE:HXL) Announces Quarterly Earnings Results

Hexcel (NYSE:HXL) released its quarterly earnings results on Wednesday. The aerospace company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01, FiscalAI reports. Hexcel had a return on equity of 12.34% and a net margin of 7.76%. The company had revenue of $496.40 million during the quarter, compared to analyst estimates of $501.95 million.

Hexcel Stock Down 1.5%

Shares of NYSE:HXL traded down $1.37 during trading hours on Wednesday, hitting $89.95. The company’s stock had a trading volume of 1,735,221 shares, compared to its average volume of 1,093,028. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.37. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 45.20, a P/E/G ratio of 1.30 and a beta of 1.10. Hexcel has a 52 week low of $63.21 and a 52 week high of $111.74. The firm’s fifty day moving average price is $90.80 and its 200 day moving average price is $93.29.

Hexcel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. Hexcel’s payout ratio is presently 36.18%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HXL shares. TD Cowen dropped their target price on Hexcel from $115.00 to $90.00 and set a “hold” rating for the company in a report on Friday, October 9th. Weiss Ratings upgraded Hexcel from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. The Goldman Sachs Group raised their price target on Hexcel from $88.00 to $97.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. UBS Group lifted their price objective on shares of Hexcel from $113.00 to $126.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Wall Street Zen lowered shares of Hexcel from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $103.25.

Insider Transactions at Hexcel

In other Hexcel news, insider Gail E. Lehman sold 13,829 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $92.10, for a total transaction of $1,273,650.90. Following the sale, the insider owned 20,148 shares of the company’s stock, valued at approximately $1,855,630.80. The trade was a 40.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gina Fitzsimons sold 9,675 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $103.14, for a total value of $997,879.50. Following the completion of the transaction, the insider directly owned 7,712 shares in the company, valued at approximately $795,415.68. The trade was a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.84% of the company’s stock.

About Hexcel

Hexcel Corporation is an advanced materials company that develops and manufactures lightweight, high-performance composite materials and structural components. Its products are designed to improve strength, durability, fuel efficiency, and performance across demanding applications.

The company’s portfolio includes carbon fiber, fiberglass, specialty reinforcements, prepregs, adhesives, honeycomb materials, engineered core products, and composite structures. These materials and components are used in commercial aircraft, military and space systems, helicopters, wind turbine blades, and various industrial applications.

Hexcel serves customers worldwide through manufacturing, research, and distribution operations in North America, Europe, Asia, and other international markets.