Hexcel Co. (NYSE:HXL) CEO Nick L. Stanage sold 27,174 shares of Hexcel stock in a transaction on Monday, January 8th. The shares were sold at an average price of $64.01, for a total transaction of $1,739,407.74. Following the completion of the sale, the chief executive officer now directly owns 181,637 shares of the company’s stock, valued at approximately $11,626,584.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Hexcel Co. (NYSE HXL) opened at $63.10 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.53 and a current ratio of 2.74. The stock has a market cap of $5,670.00, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.91 and a beta of 1.10. Hexcel Co. has a fifty-two week low of $49.20 and a fifty-two week high of $64.33.
Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.02. The firm had revenue of $491.50 million for the quarter, compared to the consensus estimate of $507.77 million. Hexcel had a net margin of 13.13% and a return on equity of 18.40%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. sell-side analysts anticipate that Hexcel Co. will post 2.68 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Inc. boosted its holdings in Hexcel by 0.5% during the 2nd quarter. Advisor Group Inc. now owns 5,201 shares of the aerospace company’s stock worth $275,000 after acquiring an additional 24 shares during the last quarter. Albion Financial Group UT boosted its holdings in Hexcel by 1.2% during the 2nd quarter. Albion Financial Group UT now owns 8,697 shares of the aerospace company’s stock worth $459,000 after acquiring an additional 100 shares during the last quarter. Comerica Bank boosted its holdings in Hexcel by 1.4% during the 2nd quarter. Comerica Bank now owns 9,056 shares of the aerospace company’s stock worth $494,000 after acquiring an additional 128 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Hexcel by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock worth $163,000 after acquiring an additional 200 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Hexcel by 5.1% during the 2nd quarter. Prudential Financial Inc. now owns 6,136 shares of the aerospace company’s stock worth $324,000 after acquiring an additional 300 shares during the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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