New York State Common Retirement Fund Has $18.26 Million Stock Position in Hexcel Co. (NYSE:HXL)

New York State Common Retirement Fund reduced its holdings in shares of Hexcel Co. (NYSE:HXL - Free Report) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 295,335 shares of the aerospace company's stock after selling 31,969 shares during the quarter. New York State Common Retirement Fund owned 0.36% of Hexcel worth $18,261,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. US Bancorp DE boosted its stake in Hexcel by 2.7% during the 3rd quarter. US Bancorp DE now owns 41,444 shares of the aerospace company's stock valued at $2,562,000 after acquiring an additional 1,074 shares during the last quarter. 1620 Investment Advisors Inc. lifted its position in shares of Hexcel by 27.6% during the third quarter. 1620 Investment Advisors Inc. now owns 2,618 shares of the aerospace company's stock worth $162,000 after purchasing an additional 567 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in Hexcel by 2.2% in the third quarter. Pinnacle Associates Ltd. now owns 225,878 shares of the aerospace company's stock worth $13,966,000 after purchasing an additional 4,964 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in Hexcel by 13.2% in the third quarter. First Trust Direct Indexing L.P. now owns 4,592 shares of the aerospace company's stock valued at $284,000 after buying an additional 535 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Hexcel by 3.7% during the third quarter. State of Alaska Department of Revenue now owns 9,492 shares of the aerospace company's stock valued at $586,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HXL. UBS Group boosted their price target on Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of Hexcel from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada downgraded shares of Hexcel from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hexcel from $64.00 to $63.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Finally, BMO Capital Markets cut their target price 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $71.54.

Hexcel Price Performance

Shares of Hexcel stock traded up $2.47 on Wednesday, hitting $62.42. The company had a trading volume of 978,890 shares, compared to its average volume of 878,097. Hexcel Co. has a 52 week low of $57.50 and a 52 week high of $77.09. The company has a market cap of $5.06 billion, a PE ratio of 45.76, a PEG ratio of 1.40 and a beta of 1.30. The business has a 50-day simple moving average of $61.23 and a 200-day simple moving average of $64.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The business had revenue of $457.00 million during the quarter, compared to analyst estimates of $457.07 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The company's revenue was up 8.9% on a year-over-year basis. Research analysts expect that Hexcel Co. will post 2.04 EPS for the current fiscal year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, November 1st. Hexcel's payout ratio is 45.80%.

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.