Insider Selling: Hexcel Co. (HXL) CEO Sells $1,575,500.00 in Stock

Hexcel Co. (NYSE:HXL) CEO Nick L. Stanage sold 25,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $63.02, for a total value of $1,575,500.00. Following the sale, the chief executive officer now owns 179,463 shares in the company, valued at approximately $11,309,758.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Hexcel Co. (NYSE HXL) opened at $63.02 on Monday. The company has a current ratio of 2.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.58. Hexcel Co. has a twelve month low of $49.20 and a twelve month high of $63.93. The company has a market capitalization of $5,660.00, a PE ratio of 22.75, a P/E/G ratio of 2.91 and a beta of 1.10.

Hexcel (NYSE:HXL) last released its earnings results on Wednesday, October 18th. The aerospace company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.02. Hexcel had a return on equity of 18.40% and a net margin of 13.13%. The firm had revenue of $491.50 million during the quarter, compared to the consensus estimate of $507.77 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue was down 1.8% compared to the same quarter last year. analysts expect that Hexcel Co. will post 2.68 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in HXL. BlackRock Inc. lifted its holdings in Hexcel by 5.0% in the second quarter. BlackRock Inc. now owns 4,924,139 shares of the aerospace company’s stock valued at $259,946,000 after acquiring an additional 233,521 shares during the period. Epoch Investment Partners Inc. lifted its holdings in Hexcel by 6.6% in the second quarter. Epoch Investment Partners Inc. now owns 3,246,155 shares of the aerospace company’s stock valued at $171,365,000 after acquiring an additional 199,893 shares during the period. Broad Run Investment Management LLC lifted its holdings in Hexcel by 1.0% in the second quarter. Broad Run Investment Management LLC now owns 2,980,460 shares of the aerospace company’s stock valued at $157,338,000 after acquiring an additional 28,991 shares during the period. Earnest Partners LLC lifted its holdings in Hexcel by 0.7% in the third quarter. Earnest Partners LLC now owns 2,806,392 shares of the aerospace company’s stock valued at $161,143,000 after acquiring an additional 18,602 shares during the period. Finally, State Street Corp lifted its holdings in Hexcel by 7.8% in the second quarter. State Street Corp now owns 2,325,125 shares of the aerospace company’s stock valued at $122,742,000 after acquiring an additional 169,088 shares during the period. 96.49% of the stock is owned by hedge funds and other institutional investors.

HXL has been the topic of a number of research analyst reports. Bank of America boosted their price target on Hexcel from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Canaccord Genuity reaffirmed a “hold” rating and set a $62.00 target price on shares of Hexcel in a report on Tuesday, November 14th. Stephens started coverage on Hexcel in a report on Wednesday, December 6th. They set an “overweight” rating and a $74.00 target price for the company. Credit Suisse Group reaffirmed a “neutral” rating and set a $67.00 target price (up previously from $60.00) on shares of Hexcel in a report on Wednesday, December 13th. Finally, KeyCorp reaffirmed a “buy” rating and set a $65.00 target price on shares of Hexcel in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $63.00.

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About Hexcel

Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.

Insider Buying and Selling by Quarter for Hexcel (NYSE:HXL)

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