Hexcel Target of Unusually High Options Trading (NYSE:HXL)

Hexcel Co. (NYSE:HXL) saw unusually large options trading activity on Monday. Traders purchased 1,206 call options on the company. This is an increase of 1,944% compared to the average daily volume of 59 call options.

In other news, insider Thierry Merlot sold 3,241 shares of Hexcel stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $71.00, for a total transaction of $230,111.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy Swords sold 20,395 shares of Hexcel stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $70.86, for a total transaction of $1,445,189.70. Following the sale, the insider now directly owns 16,839 shares of the company’s stock, valued at $1,193,211.54. The disclosure for this sale can be found here. Insiders have sold a total of 36,179 shares of company stock valued at $2,600,947 over the last ninety days. 1.40% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. raised its stake in shares of Hexcel by 179.6% during the first quarter. Marshall Wace North America L.P. now owns 99,599 shares of the aerospace company’s stock valued at $6,887,000 after acquiring an additional 63,971 shares during the last quarter. GYL Financial Synergies LLC bought a new position in shares of Hexcel during the first quarter valued at about $1,182,000. FMR LLC raised its stake in shares of Hexcel by 66.1% during the first quarter. FMR LLC now owns 21,957 shares of the aerospace company’s stock valued at $1,519,000 after acquiring an additional 8,734 shares during the last quarter. BlueMountain Capital Management LLC bought a new position in shares of Hexcel during the first quarter valued at about $233,000. Finally, Jane Street Group LLC bought a new position in shares of Hexcel during the first quarter valued at about $741,000. 93.64% of the stock is owned by institutional investors and hedge funds.

Hexcel stock opened at $77.12 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 2.24 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 2.23 and a beta of 1.07. Hexcel has a twelve month low of $53.50 and a twelve month high of $78.31.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. The business had revenue of $609.90 million during the quarter, compared to the consensus estimate of $590.13 million. Hexcel had a net margin of 12.71% and a return on equity of 20.63%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. On average, equities analysts anticipate that Hexcel will post 3.46 EPS for the current fiscal year.

A number of analysts have recently issued reports on the stock. ValuEngine raised shares of Hexcel from a “hold” rating to a “buy” rating in a report on Friday, June 7th. Barclays reaffirmed a “hold” rating and set a $77.00 price objective on shares of Hexcel in a report on Sunday, May 26th. UBS Group raised shares of Hexcel from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $67.00 to $76.00 in a research note on Thursday, May 23rd. BMO Capital Markets boosted their price target on shares of Hexcel to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. Finally, Bank of America reissued a “buy” rating and issued a $90.00 price target (up from $80.00) on shares of Hexcel in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Hexcel currently has an average rating of “Hold” and an average price target of $77.05.

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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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