Lyndon John Smith Sells 2,077 Shares of Hexcel (NYSE:HXL) Stock

Hexcel Corporation (NYSE:HXL) insider Lyndon John Smith sold 2,077 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $73.02, for a total transaction of $151,662.54. Following the completion of the sale, the insider directly owned 8,426 shares in the company, valued at approximately $615,266.52. This trade represents a 19.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hexcel Trading Down 3.0%

Hexcel stock opened at $70.86 on Friday. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $74.35. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 83.36, a PEG ratio of 2.36 and a beta of 1.33. The firm has a 50-day moving average price of $64.24 and a two-hundred day moving average price of $58.87. The company has a quick ratio of 1.50, a current ratio of 2.75 and a debt-to-equity ratio of 0.48.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Hexcel had a net margin of 3.67% and a return on equity of 9.25%. The business had revenue of $456.20 million for the quarter, compared to the consensus estimate of $449.99 million. During the same period in the previous year, the firm earned $0.47 EPS. The firm’s revenue was down .2% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. Sell-side analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, November 3rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $0.68 annualized dividend and a yield of 1.0%. Hexcel’s dividend payout ratio is presently 80.00%.

Analyst Ratings Changes

HXL has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Hexcel in a research report on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Hexcel in a report on Friday, October 24th. Zacks Research raised Hexcel from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. TD Cowen increased their price target on Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $65.00 price target on shares of Hexcel in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $73.33.

Institutional Trading of Hexcel

Several large investors have recently modified their holdings of HXL. Trust Co. of Toledo NA OH acquired a new position in Hexcel during the 2nd quarter worth $26,000. NewSquare Capital LLC increased its stake in shares of Hexcel by 379.0% in the second quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 379 shares during the period. Park Place Capital Corp lifted its position in shares of Hexcel by 65.1% during the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 196 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in Hexcel during the 2nd quarter valued at approximately $28,000. Finally, Parkside Financial Bank & Trust boosted its stake in Hexcel by 325.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 377 shares during the period. 95.47% of the stock is owned by institutional investors.

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.