Teachers Retirement System of The State of Kentucky Sells 730 Shares of Hexcel Co. (NYSE:HXL)

Teachers Retirement System of The State of Kentucky reduced its stake in Hexcel Co. (NYSE:HXL) by 2.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 26,363 shares of the aerospace company’s stock after selling 730 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Hexcel were worth $1,630,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC acquired a new stake in shares of Hexcel in the 3rd quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new stake in Hexcel in the third quarter valued at approximately $56,000. First Horizon Advisors Inc. increased its holdings in shares of Hexcel by 53.8% during the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 326 shares in the last quarter. Huntington National Bank raised its position in shares of Hexcel by 30.8% during the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 225 shares during the period. Finally, Eastern Bank bought a new position in shares of Hexcel in the 3rd quarter worth $62,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Hexcel Stock Down 1.4 %

HXL stock opened at $63.63 on Wednesday. The stock has a fifty day moving average of $61.82 and a 200-day moving average of $62.65. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 48.57, a PEG ratio of 1.96 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76.

Hexcel (NYSE:HXL) last posted its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. As a group, equities research analysts predict that Hexcel Co. will post 2.02 earnings per share for the current year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, November 1st. Hexcel’s payout ratio is 45.80%.

Wall Street Analyst Weigh In

HXL has been the topic of several research reports. BMO Capital Markets lowered 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. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Thursday, October 10th. Finally, UBS Group lifted their target price on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.83.

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.