California State Teachers Retirement System Buys 1,474 Shares of Hexcel Co. (NYSE:HXL)

California State Teachers Retirement System boosted its stake in shares of Hexcel Co. (NYSE:HXL) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,216 shares of the aerospace company’s stock after acquiring an additional 1,474 shares during the quarter. California State Teachers Retirement System owned 0.16% of Hexcel worth $11,352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its holdings in Hexcel by 2.1% in the 2nd quarter. BlackRock Inc. now owns 5,337,971 shares of the aerospace company’s stock valued at $431,737,000 after buying an additional 107,771 shares during the period. State Street Corp boosted its holdings in shares of Hexcel by 4.2% in the 3rd quarter. State Street Corp now owns 2,349,102 shares of the aerospace company’s stock valued at $192,932,000 after purchasing an additional 95,400 shares in the last quarter. Eagle Asset Management Inc. increased its stake in shares of Hexcel by 1.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,340,804 shares of the aerospace company’s stock valued at $192,250,000 after purchasing an additional 36,932 shares during the last quarter. Carillon Tower Advisers Inc. increased its stake in shares of Hexcel by 2.0% in the 3rd quarter. Carillon Tower Advisers Inc. now owns 2,072,076 shares of the aerospace company’s stock valued at $170,180,000 after purchasing an additional 40,233 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Hexcel by 3.1% during the 2nd quarter. Bank of America Corp DE now owns 1,928,260 shares of the aerospace company’s stock worth $155,958,000 after buying an additional 57,838 shares in the last quarter. 96.43% of the stock is owned by institutional investors.

In related news, CEO Nick L. Stanage sold 15,662 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $85.75, for a total value of $1,343,016.50. Following the sale, the chief executive officer now directly owns 256,853 shares in the company, valued at $22,025,144.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by insiders.

Several analysts recently weighed in on the company. Credit Suisse Group reduced their price objective on Hexcel from $79.00 to $78.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Co initiated coverage on shares of Hexcel in a report on Tuesday, October 15th. They set a “market perform” rating and a $85.00 price target on the stock. ValuEngine cut shares of Hexcel from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Goldman Sachs Group lowered shares of Hexcel from a “neutral” rating to a “sell” rating and set a $73.00 target price on the stock. in a research report on Friday, August 16th. Finally, Cowen set a $87.00 target price on shares of Hexcel and gave the company a “buy” rating in a research report on Friday, September 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $82.21.

Shares of NYSE HXL opened at $78.57 on Wednesday. The stock has a market cap of $6.61 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 2.37 and a beta of 1.01. The firm has a 50 day moving average price of $77.21 and a two-hundred day moving average price of $78.91. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.21 and a current ratio of 2.22. Hexcel Co. has a 52-week low of $53.50 and a 52-week high of $87.00.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. The business had revenue of $572.50 million during the quarter, compared to the consensus estimate of $598.88 million. Hexcel had a return on equity of 21.74% and a net margin of 12.73%. Hexcel’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. Analysts predict that Hexcel Co. will post 3.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.87%. Hexcel’s dividend payout ratio (DPR) is 22.30%.

Hexcel 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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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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