New York State Teachers Retirement System Sells 1,281 Shares of Hexcel Co. (NYSE:HXL)

New York State Teachers Retirement System reduced its position in shares of Hexcel Co. (NYSE:HXL) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,150 shares of the aerospace company’s stock after selling 1,281 shares during the quarter. New York State Teachers Retirement System owned 0.07% of Hexcel worth $3,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HXL. Raymond James & Associates raised its position in Hexcel by 13.0% during the third quarter. Raymond James & Associates now owns 110,521 shares of the aerospace company’s stock worth $6,833,000 after acquiring an additional 12,704 shares in the last quarter. Whittier Trust Co. raised its position in Hexcel by 38.9% during the third quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company’s stock worth $92,000 after acquiring an additional 417 shares in the last quarter. Eastern Bank bought a new stake in Hexcel during the third quarter worth $62,000. Hennion & Walsh Asset Management Inc. raised its position in Hexcel by 26.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 7,784 shares of the aerospace company’s stock worth $481,000 after acquiring an additional 1,649 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Hexcel by 47.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 25,369 shares of the aerospace company’s stock worth $1,569,000 after acquiring an additional 8,154 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HXL has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. BMO Capital Markets decreased their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, October 28th. Truist Financial upped their price objective on shares of Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Hexcel currently has an average rating of “Hold” and an average target price of $73.09.

Hexcel Trading Down 2.2 %

HXL opened at $62.68 on Friday. Hexcel Co. has a twelve month low of $57.50 and a twelve month high of $77.09. The company has a 50-day simple moving average of $64.88 and a 200 day simple moving average of $62.80. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 1.86 and a beta of 1.31.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. Analysts predict that Hexcel Co. will post 2.14 EPS for the current fiscal year.

Hexcel Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.17 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from Hexcel’s previous quarterly dividend of $0.15. Hexcel’s dividend payout ratio is 42.77%.

About Hexcel

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.