November 23, 2016 - By Linda Rogers
A legal report filed with the SEC on November 23, 2016 revealed that Robert Hennemuth, the EVP – Human Resources of Hexcel Corp, ‘s company sold 8,000 shares. With avg share price of $50.0 the trade’s worth is $400,000 U.S. Dollars. It seems he is very active lately as in the last 30 days, he sold additional 3,000 shares of the company, worth $141,000 USD. This sell decreased his ownership of the Company to 0.06% total market cap or 56,427 shares.
Out of 9 analysts covering Hexcel (NYSE:HXL), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. $60 is the highest target while $44 is the lowest. The $51 average target is 0.89% above today’s ($50.55) stock price. Hexcel has been the topic of 14 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was initiated by BB&T Capital with “Buy” on Thursday, December 10. The stock has “Neutral” rating given by Goldman Sachs on Monday, January 4. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, October 21. On Monday, January 25 the stock rating was maintained by RBC Capital Markets with “Outperform”. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, October 21 report. Canaccord Genuity maintained the stock with “Hold” rating in Monday, January 25 report. The firm earned “Neutral” rating on Friday, July 29 by Bank of America. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, August 4. As per Friday, September 25, the company rating was maintained by RBC Capital Markets. Credit Suisse initiated Hexcel Corporation (NYSE:HXL) on Friday, January 22 with “Neutral” rating.
Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.11, from 1.05 in 2016Q1. The ratio is negative, as 13 funds sold all Hexcel Corporation shares owned while 103 reduced positions. 32 funds bought stakes while 90 increased positions. They now own 86.93 million shares or 0.13% less from 87.04 million shares in 2016Q1.
Neuberger Berman Group last reported 5,846 shares in the company. Lpl Finance Limited Liability Company last reported 0% of its portfolio in the stock. Kelly Lawrence W Inc Ca has invested 2.92% of its portfolio in Hexcel Corporation (NYSE:HXL). Moreover, Gofen Glossberg Llc Il has 0.01% invested in Hexcel Corporation (NYSE:HXL) for 8,040 shares. Toronto Dominion Bancshares accumulated 400 shares or 0% of the stock. North Star Management Corporation reported 86 shares or 0% of all its holdings. The Ohio-based Fifth Third Bank & Trust has invested 0% in Hexcel Corporation (NYSE:HXL). Fred Alger Mgmt holds 233,593 shares or 0.05% of its portfolio. Ingalls And Snyder Limited Liability Corporation owns 1.93M shares or 4.75% of their US portfolio. Td Asset Management accumulated 847,974 shares or 0.06% of the stock. The Iowa-based Principal Grp has invested 0% in Hexcel Corporation (NYSE:HXL). Federated Invsts Pa last reported 0% of its portfolio in the stock. Moreover, Qs Limited Com has 0% invested in Hexcel Corporation (NYSE:HXL) for 11 shares. Pier Capital Lc has 0.49% invested in the company for 65,062 shares. Comerica Bank & Trust accumulated 9,025 shares or 0% of the stock.
Insider Transactions: Since August 5, 2016, the stock had 0 buys, and 5 selling transactions for $1.44 million net activity. 2,495 Hexcel Corporation (NYSE:HXL) shares with value of $112,275 were sold by Hennemuth Robert George. Merlot Thierry had sold 8,600 shares worth $387,058. Shares for $751,544 were sold by Swords Timothy. 1,188 shares were sold by Hill David Charles, worth $52,830.
About 157,491 shares traded hands. Hexcel Corporation (NYSE:HXL) has risen 10.22% since April 21, 2016 and is uptrending. It has outperformed by 4.89% the S&P500.
Hexcel Corporation is a composites company. The company has a market cap of $4.71 billion. The Firm develops, makes and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets. It has a 19.61 P/E ratio. It operates through two divisions, including Composite Materials and Engineered Products.
According to Zacks Investment Research, “HEXCEL CORP. is an international developer and manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets.”
Analysts await Hexcel Corporation (NYSE:HXL) to report earnings on January, 19. They expect $0.63 earnings per share, up 12.50% or $0.07 from last year’s $0.56 per share. HXL’s profit will be $58.70 million for 20.06 P/E if the $0.63 EPS becomes a reality. After $0.65 actual earnings per share reported by Hexcel Corporation for the previous quarter, Wall Street now forecasts -3.08% negative EPS growth.
More recent Hexcel Corporation (NYSE:HXL) news were published by: Fool.com which released: “Shares of Hexcel Corporation Take Off After Strong Fourth-Quarter Results” on January 22, 2016. Also Globenewswire.com published the news titled: “Oxford Performance Materials Announces Strategic Investment from Hexcel ..” on May 31, 2016. Seekingalpha.com‘s news article titled: “Hexcel: Time Is A Friend Of This Wonderful Company” with publication date: July 18, 2016 was also an interesting one.
Hexcel Corporation, incorporated on March 2, 1983, is a composites company. The Firm develops, makes and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets. The Firm operates through two divisions, including Composite Materials and Engineered Products. The Company’s products are used in a range of end applications, such as commercial and military aircraft, space launch vehicles and satellites, wind turbine blades, automotive, recreational products and other industrial applications. It uses independent distributors and maker representatives to sell and market its products. It operates in the Americas, Europe, Asia Pacific and Russia.
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By Linda Rogers