Hexcel (HXL) Earns Daily News Impact Rating of 0.16
Media stories about Hexcel (NYSE:HXL) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hexcel earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 47.4622145440086 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research firms have recently issued reports on HXL. Zacks Investment Research raised Hexcel from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Canaccord Genuity raised their price objective on Hexcel from $64.00 to $70.00 and gave the company a “hold” rating in a research report on Friday, January 26th. Stephens raised their price objective on Hexcel from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Loop Capital set a $64.00 price objective on Hexcel and gave the company a “hold” rating in a research report on Thursday, December 14th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $67.00 price objective (up from $60.00) on shares of Hexcel in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.78.
Shares of Hexcel (HXL) opened at $63.42 on Friday. The firm has a market capitalization of $5,697.84, a P/E ratio of 20.52, a P/E/G ratio of 2.47 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.53 and a current ratio of 2.51. Hexcel has a fifty-two week low of $49.20 and a fifty-two week high of $69.27.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $0.50 annualized dividend and a yield of 0.79%. Hexcel’s payout ratio is currently 16.18%.
In related news, CEO Nick L. Stanage sold 18,000 shares of Hexcel stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.00, for a total transaction of $1,116,000.00. Following the completion of the sale, the chief executive officer now directly owns 172,463 shares of the company’s stock, valued at approximately $10,692,706. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Timothy Swords sold 13,493 shares of Hexcel stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $60.27, for a total value of $813,223.11. Following the sale, the insider now directly owns 20,202 shares of the company’s stock, valued at $1,217,574.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,667 shares of company stock valued at $5,678,201. 2.10% of the stock is currently owned by insiders.
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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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