Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Holdings in Hexcel Corporation $HXL

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Hexcel Corporation (NYSE:HXL) by 6.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,660 shares of the aerospace company’s stock after acquiring an additional 1,266 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hexcel were worth $1,167,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Grandfield & Dodd LLC grew its position in Hexcel by 1.3% during the 2nd quarter. Grandfield & Dodd LLC now owns 334,285 shares of the aerospace company’s stock worth $18,884,000 after purchasing an additional 4,139 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Hexcel by 5.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 30,854 shares of the aerospace company’s stock valued at $1,743,000 after buying an additional 1,596 shares during the last quarter. Allworth Financial LP increased its position in shares of Hexcel by 54.4% in the 2nd quarter. Allworth Financial LP now owns 991 shares of the aerospace company’s stock valued at $56,000 after acquiring an additional 349 shares during the period. ProShare Advisors LLC lifted its position in Hexcel by 3.7% during the 2nd quarter. ProShare Advisors LLC now owns 4,779 shares of the aerospace company’s stock worth $270,000 after acquiring an additional 172 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Hexcel by 30.3% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 68,690 shares of the aerospace company’s stock valued at $3,880,000 after purchasing an additional 15,983 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HXL has been the subject of several research analyst reports. BMO Capital Markets raised their price objective on Hexcel from $67.00 to $77.00 and gave the stock a “market perform” rating in a research note on Friday, October 24th. UBS Group raised their price target on shares of Hexcel from $81.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Hexcel in a research note on Wednesday, October 8th. TD Cowen increased their price objective on shares of Hexcel from $67.00 to $77.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Finally, Morgan Stanley set a $67.00 target price on shares of Hexcel and gave the company an “underweight” rating in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $73.33.

Hexcel Price Performance

Shares of NYSE HXL opened at $72.52 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.75 and a quick ratio of 1.50. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 85.32, a PEG ratio of 2.36 and a beta of 1.35. The firm’s 50 day simple moving average is $66.35 and its 200-day simple moving average is $61.13. Hexcel Corporation has a 12 month low of $45.28 and a 12 month high of $74.35.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $456.20 million for the quarter, compared to analysts’ expectations of $449.99 million. Hexcel had a return on equity of 9.25% and a net margin of 3.67%.The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $0.47 earnings per share. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. Analysts expect that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were given a dividend of $0.17 per share. The ex-dividend date was Monday, November 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. Hexcel’s dividend payout ratio (DPR) is 80.00%.

Insiders Place Their Bets

In other news, insider Gina Fitzsimons sold 911 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $65.00, for a total value of $59,215.00. Following the completion of the sale, the insider directly owned 4,283 shares in the company, valued at $278,395. The trade was a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Patrick Winterlich sold 3,413 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $73.34, for a total value of $250,309.42. Following the transaction, the executive vice president directly owned 40,357 shares of the company’s stock, valued at approximately $2,959,782.38. The trade was a 7.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,298 shares of company stock worth $1,029,349 in the last 90 days. 1.39% of the stock is currently owned by company insiders.

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.