Hexcel Co. to Issue Quarterly Dividend of $0.17 (NYSE:HXL)

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Hexcel Co. (NYSE:HXL) declared a quarterly dividend on Friday, October 18th, RTT News reports. Stockholders of record on Friday, November 1st will be given a dividend of 0.17 per share by the aerospace company on Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Thursday, October 31st.

Shares of NYSE:HXL traded up $0.42 during trading on Tuesday, reaching $74.56. The stock had a trading volume of 33,134 shares, compared to its average volume of 598,573. Hexcel has a 52 week low of $53.50 and a 52 week high of $87.00. The business’s 50-day moving average price is $78.96 and its 200 day moving average price is $77.48. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.22 and a quick ratio of 1.21. The stock has a market capitalization of $6.25 billion, a PE ratio of 24.45, a P/E/G ratio of 2.20 and a beta of 1.03.

Hexcel (NYSE:HXL) last posted its earnings results on Monday, October 21st. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. Hexcel had a net margin of 12.73% and a return on equity of 21.74%. The company had revenue of $572.50 million during the quarter, compared to analysts’ expectations of $598.88 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. Hexcel’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts forecast that Hexcel will post 3.52 EPS for the current year.

In other Hexcel news, insider Robert George Hennemuth sold 37,544 shares of Hexcel stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $83.56, for a total transaction of $3,137,176.64. Following the completion of the sale, the insider now owns 73,046 shares of the company’s stock, valued at approximately $6,103,723.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nick L. Stanage sold 15,662 shares of Hexcel stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $85.75, for a total transaction of $1,343,016.50. Following the sale, the chief executive officer now directly owns 256,853 shares of the company’s stock, valued at approximately $22,025,144.75. The disclosure for this sale can be found here. Insiders have sold a total of 57,623 shares of company stock valued at $4,840,665 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Several research analysts recently weighed in on HXL shares. Credit Suisse Group dropped their price objective on shares of Hexcel from $79.00 to $78.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Cowen set a $87.00 price objective on shares of Hexcel and gave the stock a “buy” rating in a research report on Friday, September 27th. Bank of America cut shares of Hexcel from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $95.00 to $80.00 in a research report on Tuesday, October 1st. KeyCorp boosted their price objective on shares of Hexcel from $86.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Goldman Sachs Group cut shares of Hexcel from a “neutral” rating to a “sell” rating and set a $73.00 price objective for the company. in a research report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $82.21.

Hexcel Company Profile

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

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Dividend History for Hexcel (NYSE:HXL)

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