Hexcel Co. (HXL) CEO Nick L. Stanage Sells 27,174 Shares of Stock

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.

Several research firms recently issued reports on HXL. Credit Suisse Group reissued a “neutral” rating and issued a $67.00 price target (up previously from $60.00) on shares of Hexcel in a research report on Wednesday, December 13th. Canaccord Genuity reissued a “hold” rating and issued a $62.00 price target on shares of Hexcel in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of Hexcel from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Loop Capital lifted their price target on shares of Hexcel from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Tuesday, October 24th. Finally, KeyCorp reissued a “buy” rating and issued a $65.00 price target on shares of Hexcel in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $63.00.

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.

COPYRIGHT VIOLATION WARNING: “Hexcel Co. (HXL) CEO Nick L. Stanage Sells 27,174 Shares of Stock” was originally reported by BBNS and is the sole property of of BBNS. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/hexcel-co-hxl-ceo-nick-l-stanage-sells-27174-shares-of-stock/1821899.html.

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)

Receive News & Ratings for Hexcel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel and related companies with our FREE daily email newsletter.

 


Latest News

Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
Trade Rumor: Manny Machado Could Land With Yankees
Trade Rumor: Manny Machado Could Land With Yankees
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal


Leave a Reply

 
© 2006-2018 BBNS.