Hexcel Co. (NYSE:HXL – Get Free Report)’s stock price gapped down before the market opened on Thursday after Truist Financial lowered their price target on the stock from $88.00 to $81.00. The stock had previously closed at $67.94, but opened at $65.39. Truist Financial currently has a buy rating on the stock. Hexcel shares last traded at $65.36, with a volume of 160,682 shares changing hands.
Other equities research analysts have also recently issued reports about the company. UBS Group reduced their target price on Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, July 1st. Wells Fargo & Company raised Hexcel from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $81.00 to $95.00 in a research report on Wednesday, May 8th. Stifel Nicolaus lowered their price target on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $76.00 price target on shares of Hexcel in a report on Friday, June 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Hexcel from $70.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $76.21.
Insider Transactions at Hexcel
In related news, Director Catherine A. Suever purchased 400 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $68.33 per share, with a total value of $27,332.00. Following the purchase, the director now owns 15,748 shares of the company’s stock, valued at approximately $1,076,060.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Catherine A. Suever purchased 400 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $68.33 per share, with a total value of $27,332.00. Following the purchase, the director now owns 15,748 shares of the company’s stock, valued at approximately $1,076,060.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Guy C. Hachey purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average cost of $64.53 per share, for a total transaction of $193,590.00. Following the completion of the purchase, the director now directly owns 3,000 shares in the company, valued at approximately $193,590. The disclosure for this purchase can be found here. Insiders have bought a total of 43,400 shares of company stock valued at $2,820,322 in the last ninety days. 1.39% of the stock is currently owned by corporate insiders.
Institutional Trading of Hexcel
Hedge funds have recently bought and sold shares of the business. Cetera Trust Company N.A acquired a new stake in Hexcel in the 4th quarter valued at about $30,000. Fidelis Capital Partners LLC acquired a new stake in Hexcel in the 1st quarter valued at about $36,000. Principal Securities Inc. acquired a new stake in Hexcel in the 4th quarter valued at about $51,000. GAMMA Investing LLC acquired a new stake in Hexcel in the 4th quarter valued at about $53,000. Finally, Centerpoint Advisors LLC raised its holdings in Hexcel by 44.6% in the 1st quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 223 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.
Hexcel Price Performance
The stock’s fifty day moving average price is $66.76 and its 200-day moving average price is $69.11. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 53.55, a P/E/G ratio of 1.36 and a beta of 1.28. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44.
Hexcel (NYSE:HXL – Get Free Report) last announced its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $500.40 million during the quarter, compared to the consensus estimate of $484.26 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. As a group, equities research analysts forecast that Hexcel Co. will post 2.18 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, August 9th. Stockholders of record on Friday, August 2nd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. Hexcel’s dividend payout ratio is currently 51.28%.
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.