Hexcel Co. (NYSE:HXL) Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its position in shares of Hexcel Co. (NYSE:HXLGet Rating) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,524 shares of the aerospace company’s stock after acquiring an additional 369 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Hexcel were worth $1,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brinker Capital Investments LLC grew its position in Hexcel by 5.9% during the third quarter. Brinker Capital Investments LLC now owns 55,398 shares of the aerospace company’s stock worth $2,865,000 after buying an additional 3,086 shares during the period. Kestra Advisory Services LLC grew its position in Hexcel by 2.2% during the third quarter. Kestra Advisory Services LLC now owns 9,411 shares of the aerospace company’s stock worth $487,000 after buying an additional 200 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Hexcel by 3.1% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,511 shares of the aerospace company’s stock worth $854,000 after buying an additional 495 shares during the period. New York State Teachers Retirement System grew its position in Hexcel by 3.7% during the third quarter. New York State Teachers Retirement System now owns 61,744 shares of the aerospace company’s stock worth $3,193,000 after buying an additional 2,202 shares during the period. Finally, US Bancorp DE grew its position in Hexcel by 11.8% during the third quarter. US Bancorp DE now owns 29,771 shares of the aerospace company’s stock worth $1,539,000 after buying an additional 3,137 shares during the period. 97.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hexcel

In related news, insider Gina Fitzsimons sold 1,257 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $61.64, for a total transaction of $77,481.48. Following the completion of the transaction, the insider now owns 1,538 shares of the company’s stock, valued at $94,802.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.39% of the company’s stock.

Hexcel Stock Performance

Shares of HXL opened at $60.02 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.35 and a current ratio of 2.42. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 47.26 and a beta of 1.22. The company’s 50 day simple moving average is $59.60 and its 200 day simple moving average is $58.25. Hexcel Co. has a 1 year low of $47.38 and a 1 year high of $65.82.

Hexcel (NYSE:HXLGet Rating) last announced its quarterly earnings data on Monday, October 24th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $364.70 million for the quarter, compared to the consensus estimate of $398.38 million. Hexcel had a net margin of 7.17% and a return on equity of 6.01%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. On average, sell-side analysts predict that Hexcel Co. will post 1.2 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada upped their target price on shares of Hexcel from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 26th. Truist Financial upped their price target on shares of Hexcel from $52.00 to $53.00 in a report on Monday, January 9th. Wolfe Research assumed coverage on shares of Hexcel in a report on Monday, October 10th. They issued a “peer perform” rating on the stock. StockNews.com assumed coverage on shares of Hexcel in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company upped their price target on shares of Hexcel from $58.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 26th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $58.56.

Hexcel Profile

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Hexcel Corp. engages in the development, manufacture, and marketing of lightweight structural materials. It includes carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, radio frequency / electromagnetic interference (RF/EMI) and microwave absorbing materials, engineered honeycomb and composite structures.

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Institutional Ownership by Quarter for Hexcel (NYSE:HXL)

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