Hexcel (NYSE:HXL – Get Free Report) released its earnings results on Wednesday. The aerospace company reported $0.50 earnings per share (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 firm had revenue of $496.40 million during the quarter, compared to analysts’ expectations of $501.95 million.
Hexcel Price Performance
Shares of NYSE HXL traded down $1.37 during midday trading on Wednesday, reaching $89.95. 1,734,189 shares of the stock traded hands, 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 stock has a market capitalization of $6.80 billion, a PE ratio of 45.20, a P/E/G ratio of 1.30 and a beta of 1.10. Hexcel has a one year low of $63.21 and a one year high of $111.74. The company’s 50 day moving average is $90.80 and its 200 day moving average is $93.29.
Hexcel Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. Hexcel’s dividend payout ratio is currently 36.18%.
Wall Street Analyst Weigh In
HXL has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on Hexcel from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. The Goldman Sachs Group increased their price objective on shares of Hexcel from $88.00 to $97.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Guggenheim initiated coverage on shares of Hexcel in a report on Monday, September 14th. They set a “buy” rating and a $120.00 price objective for the company. Bank of America cut shares of Hexcel from a “peer perform” rating to a “market perform” rating and set a $110.00 price objective on the stock. in a research report on Monday, August 3rd. Finally, Seaport Research Partners raised shares of Hexcel from a “neutral” rating to a “buy” rating and set a $104.00 target price on the stock in a report on Sunday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Hexcel has an average rating of “Hold” and an average price target of $103.25.
Read Our Latest Analysis on Hexcel
Insiders Place Their Bets
In related news, 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 transaction of $997,879.50. Following the sale, the insider owned 7,712 shares of the company’s stock, valued at $795,415.68. This represents a 55.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gail E. Lehman sold 13,829 shares of the stock in a transaction 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 transaction, the insider owned 20,148 shares of the company’s stock, valued at $1,855,630.80. This trade represents a 40.70% decrease in their position. The SEC filing for this sale provides additional information. Company 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.
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