Maryland State Retirement & Pension System Trims Stake in Hexcel Corporation $HXL

Maryland State Retirement & Pension System trimmed its position in shares of Hexcel Corporation (NYSE:HXL) by 19.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,803 shares of the aerospace company’s stock after selling 923 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Hexcel were worth $208,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in Hexcel during the first quarter valued at $61,000. Parvin Asset Management LLC bought a new position in shares of Hexcel during the fourth quarter valued at $66,000. Farther Finance Advisors LLC raised its position in shares of Hexcel by 71.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock worth $66,000 after purchasing an additional 499 shares during the last quarter. GAMMA Investing LLC boosted its stake in Hexcel by 95.3% in the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 1,125 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Hexcel by 698.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,356 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 2,061 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

Shares of HXL opened at $61.2080 on Wednesday. The business has a 50-day simple moving average of $58.88 and a two-hundred day simple moving average of $56.94. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $71.05. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 56.67, a PEG ratio of 2.04 and a beta of 1.36.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. Hexcel had a return on equity of 9.76% and a net margin of 4.69%.The firm had revenue of $489.90 million for the quarter, compared to analysts’ expectations of $482.20 million. During the same period in the previous year, the firm earned $0.60 EPS. The business’s quarterly revenue was down 2.1% on a year-over-year basis. Hexcel has set its FY 2025 guidance at 1.850-2.050 EPS. On average, analysts expect that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 8th. Hexcel’s dividend payout ratio is presently 62.96%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, July 17th. Truist Financial reduced their price target on shares of Hexcel from $73.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective (up from $65.00) on shares of Hexcel in a research report on Monday, July 28th. Wall Street Zen lowered Hexcel from a “buy” rating to a “hold” rating in a report on Sunday, April 27th. Finally, BMO Capital Markets boosted their price target on Hexcel from $52.00 to $67.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $63.33.

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.