The Insider Selling: Hexcel Corp. (HXL) EVP Sold $400,000.00 in Stock

The Insider Selling: Hexcel Corp. (HXL) EVP Sold $400,000.00 in Stock

Hexcel Corp. (NYSE:HXL) EVP Robert George Hennemuth sold 8,000 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $50.00, for a total value of $400,000.00. Following the transaction, the executive vice president now directly owns 64,427 shares in the company, valued at approximately $3,221,350. The transaction was disclosed in a filing with the SEC, which is available at this link.

Robert George Hennemuth also recently made the following trade(s): On Friday, September 9th, Robert George Hennemuth sold 2,495 shares of Hexcel Corp. stock. The stock was sold at an average price of $45.00, for a total value of $112,275.00.

Hexcel Corp. (NYSE:HXL) opened at 51.47 on Monday. The stock has a 50 day moving average price of $45.73 and a 200 day moving average price of $44.10. Hexcel Corp. has a 52 week low of $37.54 and a 52 week high of $51.50. The stock has a market capitalization of $4.72 billion, a PE ratio of 20.04 and a beta of 0.94.

Hexcel Corp. (NYSE:HXL) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Hexcel Corp. had a return on equity of 19.47% and a net margin of 12.30%. The business earned $500.50 million during the quarter, compared to analysts’ expectations of $494.26 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. Equities analysts forecast that Hexcel Corp. will post $2.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Wednesday, November 2nd were paid a $0.11 dividend. The ex-dividend date was Monday, October 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.85%. Hexcel Corp.’s payout ratio is presently 17.12%.

Several large investors have recently modified their holdings of the stock. Trillium Asset Management LLC boosted its stake in shares of Hexcel Corp. by 4.5% in the second quarter. Trillium Asset Management LLC now owns 251,593 shares of the company’s stock worth $10,476,000 after buying an additional 10,761 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Hexcel Corp. by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 30,559 shares of the company’s stock valued at $1,336,000 after buying an additional 743 shares during the last quarter. State Street Corp boosted its position in Hexcel Corp. by 3.2% in the first quarter. State Street Corp now owns 1,369,045 shares of the company’s stock valued at $59,838,000 after buying an additional 42,200 shares during the last quarter. Ownership Capital B.V. boosted its position in Hexcel Corp. by 15.0% in the second quarter. Ownership Capital B.V. now owns 1,287,147 shares of the company’s stock valued at $53,597,000 after buying an additional 168,041 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Hexcel Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 13,213 shares of the company’s stock valued at $550,000 after buying an additional 1,601 shares during the last quarter.

HXL has been the topic of a number of recent research reports. Zacks Investment Research raised Hexcel Corp. from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Monday, October 24th. Wolfe Research started coverage on Hexcel Corp. in a research note on Wednesday, November 23rd. They set a “market perform” rating for the company. Jefferies Group restated a “hold” rating and set a $44.00 price objective on shares of Hexcel Corp. in a research note on Wednesday, August 10th. Vertical Research started coverage on Hexcel Corp. in a research note on Friday, October 28th. They set a “buy” rating and a $51.00 price objective for the company. Finally, Aegis started coverage on Hexcel Corp. in a research note on Monday, November 21st. They set a “buy” rating and a $59.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $50.55.

Hexcel Corp. Company Profile

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