Hexcel Corporation (HXL) was Initiated by Aegis Capital to “Buy”. Aegis Capital advised their investors in a research report released on Nov 21, 2016.
On the company’s financial health, Hexcel Corporation reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.61. The company had revenue of $500.50 million for the quarter, compared to analysts expectations of $494.02 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Hexcel Corporation opened for trading at $48.31 and hit $48.72 on the upside on Monday, eventually ending the session at $48.51, with a gain of 0.73% or 0.35 points. The heightened volatility saw the trading volume jump to 4,62,832 shares. Company has a market cap of $4,451 M.
In a different news, on Nov 14, 2016, Robert George Hennemuth (EVP, Human Resources) sold 3,000 shares at $47.00 per share price. According to the SEC, on Nov 3, 2016, Timothy Swords (President, Industrial) sold 16,699 shares at $45.01 per share price. On Aug 22, 2016, Thierry Merlot (President, Aerospace – EMEA/AP) sold 8,600 shares at $45.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Hexcel Corporation (Hexcel) 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 composite structures for use in commercial aerospace space and defense and industrial markets. The Company 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. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry.