Hexcel Corporation (NYSE:HXL) Plans Quarterly Dividend of $0.18

Hexcel Corporation (NYSE:HXL) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.18 per share by the aerospace company on Monday, November 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, November 2nd.

Hexcel has raised its dividend by an average of 0.3% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Hexcel has a payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hexcel to earn $3.41 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 21.1%.

Hexcel Stock Down 11.6%

Shares of HXL traded down $10.45 during trading hours on Thursday, hitting $79.39. 2,378,969 shares of the company were exchanged, compared to its average volume of 1,095,308. The company has a market cap of $6.00 billion, a PE ratio of 39.81, a PEG ratio of 1.25 and a beta of 1.10. The firm’s 50 day moving average is $90.55 and its 200-day moving average is $93.37. Hexcel has a 52 week low of $63.21 and a 52 week high of $111.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.37 and a current ratio of 2.43.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Wednesday, October 21st. The aerospace company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Hexcel had a return on equity of 12.34% and a net margin of 7.76%. The business had revenue of $496.40 million for the quarter, compared to analyst estimates of $501.95 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities research analysts forecast that Hexcel will post 2.37 EPS for the current fiscal year.

Insider Activity

In related news, insider Gina Fitzsimons sold 9,675 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $103.14, for a total value of $997,879.50. Following the completion of the sale, the insider owned 7,712 shares in the company, valued at approximately $795,415.68. This trade represents a 55.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gail Lehman sold 13,829 shares of Hexcel stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $92.10, for a total value of $1,273,650.90. Following the sale, the insider directly owned 20,148 shares in the company, valued at approximately $1,855,630.80. This trade represents a 40.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.84% of the stock is currently owned by company insiders.

Institutional Trading of Hexcel

A number of hedge funds have recently modified their holdings of the company. Pinnacle Associates Ltd. boosted its position in shares of Hexcel by 5.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 115,713 shares of the aerospace company’s stock valued at $9,711,000 after acquiring an additional 6,286 shares in the last quarter. Willis Investment Counsel increased its stake in Hexcel by 10.7% in the third quarter. Willis Investment Counsel now owns 42,214 shares of the aerospace company’s stock valued at $3,543,000 after acquiring an additional 4,064 shares during the period. TD Waterhouse Canada Inc. increased its stake in Hexcel by 541.7% in the third quarter. TD Waterhouse Canada Inc. now owns 1,540 shares of the aerospace company’s stock valued at $134,000 after acquiring an additional 1,300 shares during the period. Krilogy Financial LLC increased its stake in Hexcel by 3.0% in the third quarter. Krilogy Financial LLC now owns 5,887 shares of the aerospace company’s stock valued at $500,000 after acquiring an additional 170 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new position in Hexcel in the third quarter worth about $7,155,000. Institutional investors own 95.47% of the company’s stock.

About Hexcel

Hexcel Corporation is an advanced materials company that develops and manufactures lightweight, high-performance composite materials and structural components. Its products are designed to improve strength, durability, fuel efficiency, and performance across demanding applications.

The company’s portfolio includes carbon fiber, fiberglass, specialty reinforcements, prepregs, adhesives, honeycomb materials, engineered core products, and composite structures. These materials and components are used in commercial aircraft, military and space systems, helicopters, wind turbine blades, and various industrial applications.

Hexcel serves customers worldwide through manufacturing, research, and distribution operations in North America, Europe, Asia, and other international markets.