11,849 Shares in Hexcel Corporation (NYSE:HXL) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in Hexcel Corporation (NYSE:HXL) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 11,849 shares of the aerospace company’s stock, valued at approximately $649,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC acquired a new position in shares of Hexcel in the fourth quarter valued at approximately $66,000. NBC Securities Inc. acquired a new position in Hexcel in the 1st quarter valued at approximately $61,000. Huntington National Bank increased its position in Hexcel by 21.4% in the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock valued at $73,000 after acquiring an additional 204 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Hexcel by 71.2% during the first quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock valued at $66,000 after acquiring an additional 499 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Hexcel by 61.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,272 shares of the aerospace company’s stock worth $80,000 after purchasing an additional 486 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. BMO Capital Markets decreased their price objective on Hexcel from $72.00 to $52.00 and set a “market perform” rating for the company in a report on Wednesday, April 23rd. Morgan Stanley lowered their price objective on Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company reduced their target price on Hexcel from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. UBS Group decreased their target price on shares of Hexcel from $53.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays dropped their price target on shares of Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Hexcel presently has an average rating of “Hold” and an average price target of $58.67.

Hexcel Trading Down 0.8%

Shares of HXL stock opened at $58.76 on Wednesday. Hexcel Corporation has a fifty-two week low of $45.28 and a fifty-two week high of $71.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 2.59. The stock has a 50 day simple moving average of $55.13 and a two-hundred day simple moving average of $57.71. The company has a market cap of $4.72 billion, a P/E ratio of 38.91, a PEG ratio of 2.00 and a beta of 1.28.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a net margin of 6.60% and a return on equity of 10.36%. The company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same quarter in the prior year, the firm earned $0.44 EPS. Research analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel’s dividend payout ratio (DPR) is currently 45.03%.

Hexcel Company Profile

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.