Nick L. Stanage Sells 7,000 Shares of Hexcel Co. (HXL) Stock
Hexcel Co. (NYSE:HXL) CEO Nick L. Stanage sold 7,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $62.01, for a total transaction of $434,070.00. Following the completion of the sale, the chief executive officer now directly owns 161,463 shares of the company’s stock, valued at approximately $10,012,320.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Hexcel Co. (NYSE HXL) opened at $61.92 on Friday. 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 capitalization of $5,482.95, a PE ratio of 23.30, a price-to-earnings-growth ratio of 3.05 and a beta of 1.10. Hexcel Co. has a twelve month low of $49.20 and a twelve month high of $63.93.
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 Thomson Reuters’ 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 return on equity of 18.40% and a net margin of 13.13%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. equities analysts expect that Hexcel Co. will post 2.68 earnings per share for the current year.
Several equities research analysts recently weighed in on HXL shares. KeyCorp reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Hexcel in a report on Friday, September 1st. Stephens started coverage on shares of Hexcel in a report on Wednesday, December 6th. They issued an “overweight” rating and a $74.00 price objective for the company. Jefferies Group reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Hexcel in a report on Friday, September 29th. Canaccord Genuity reaffirmed a “hold” rating and issued a $54.00 price objective on shares of Hexcel in a report on Friday, September 29th. Finally, Zacks Investment Research raised shares of Hexcel from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Hexcel currently has an average rating of “Hold” and a consensus target price of $62.20.
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Hexcel Company Profile
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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