State of New Jersey Common Pension Fund D Boosts Stock Holdings in Hexcel Co. (NYSE:HXL)

State of New Jersey Common Pension Fund D increased its position in shares of Hexcel Co. (NYSE:HXL) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,086 shares of the aerospace company’s stock after purchasing an additional 1,300 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hexcel were worth $1,922,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HXL. Capital Performance Advisors LLP acquired a new position in Hexcel during the third quarter worth about $56,000. Eastern Bank acquired a new position in Hexcel during the third quarter worth about $62,000. GAMMA Investing LLC grew its position in Hexcel by 34.8% during the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after buying an additional 276 shares during the period. Whittier Trust Co. grew its position in shares of Hexcel by 38.9% in the third quarter. Whittier Trust Co. now owns 1,490 shares of the aerospace company’s stock valued at $92,000 after purchasing an additional 417 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Hexcel in the second quarter valued at approximately $128,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HXL. UBS Group increased their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. BMO Capital Markets decreased their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. Finally, Wells Fargo & Company increased their price target on shares of Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.54.

Hexcel Stock Performance

Shares of HXL stock opened at $59.53 on Monday. The company’s fifty day simple moving average is $61.12 and its 200-day simple moving average is $63.92. Hexcel Co. has a 52 week low of $57.50 and a 52 week high of $77.09. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The company has a market cap of $4.82 billion, a PE ratio of 45.44, a P/E/G ratio of 1.76 and a beta of 1.30.

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

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) 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.