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

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

Hexcel Trading Up 2.0 %

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

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

Hexcel Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HXL shares. Barclays cut their target price on Hexcel from $80.00 to $75.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 30th. Stifel Nicolaus reduced their target price on Hexcel from $90.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Wells Fargo & Company upped their price target on shares of Hexcel from $78.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. BMO Capital Markets raised their price objective on shares of Hexcel from $69.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Finally, Truist Financial lowered their target price on shares of Hexcel from $96.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $76.57.

Hedge Funds Weigh In On Hexcel

Several institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC raised its holdings in Hexcel by 0.3% in the 4th quarter. Corient Private Wealth LLC now owns 53,624 shares of the aerospace company’s stock valued at $3,955,000 after acquiring an additional 143 shares during the last quarter. Xponance Inc. increased its stake in Hexcel by 1.8% in the fourth quarter. Xponance Inc. now owns 10,251 shares of the aerospace company’s stock valued at $756,000 after purchasing an additional 178 shares during the last quarter. CENTRAL TRUST Co lifted its position in 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 period. Treasurer of the State of North Carolina boosted its stake in Hexcel by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 37,007 shares of the aerospace company’s stock worth $2,411,000 after buying an additional 180 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in Hexcel by 0.3% during 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 purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.