California State Teachers Retirement System Lowers Stock Holdings in Hexcel Corporation $HXL

Key Points

• California State Teachers Retirement System reduced its Hexcel stake by 5.7% in the second quarter, selling 5,312 shares and retaining 87,324 shares worth about $8.7 million. Institutional investors collectively own 95.47% of the company.
• Hexcel reported quarterly EPS of $0.66, exceeding the $0.57 consensus estimate, while revenue rose 8% year over year to $529.3 million. The company maintained fiscal 2026 EPS guidance of $2.30–$2.40 and pays a $0.18 quarterly dividend.
• Hexcel shares recently traded around $91.23, below the analyst consensus price target of $108.25; the overall analyst rating remains “Hold.” Two company insiders also recently sold shares, reducing their respective holdings substantially.

California State Teachers Retirement System lowered its position in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 5.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 87,324 shares of the aerospace company's stock after selling 5,312 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Hexcel worth $8,737,639 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in HXL. BlackRock Inc. bought a new stake in Hexcel during the second quarter worth approximately $1,422,742,000. Bank of America Corp DE acquired a new stake in shares of Hexcel in the second quarter valued at approximately $216,948,000. Brandes Investment Partners LP increased its position in Hexcel by 0.3% in the 4th quarter. Brandes Investment Partners LP now owns 2,506,068 shares of the aerospace company's stock valued at $185,199,000 after acquiring an additional 7,371 shares during the period. Geode Capital Management LLC grew its stake in Hexcel by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,419,722 shares of the aerospace company's stock valued at $104,943,000 after acquiring an additional 11,973 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Hexcel in the second quarter valued at approximately $51,460,000. Institutional investors and hedge funds own 95.47% of the company's stock.

Insider Buying and Selling

In other Hexcel news, insider Gail Lehman sold 13,829 shares of the firm's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $92.10, for a total value of $1,273,650.90. Following the sale, the insider directly owned 20,148 shares in the company, valued at $1,855,630.80. This trade represents a 40.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gina Fitzsimons sold 9,675 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $103.14, for a total transaction of $997,879.50. Following the completion of the sale, the insider owned 7,712 shares in the company, valued at $795,415.68. This represents a 55.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.84% of the stock is currently owned by insiders.

Hexcel Trading Up 0.2%

HXL traded up $0.21 during trading on Tuesday, reaching $91.23. 446,711 shares of the stock traded hands, compared to its average volume of 1,103,731. The stock has a market capitalization of $6.90 billion, a PE ratio of 45.91, a P/E/G ratio of 1.32 and a beta of 1.05. The stock's 50-day moving average is $99.47 and its 200 day moving average is $92.84. Hexcel Corporation has a 12 month low of $60.26 and a 12 month high of $111.74. The company has a quick ratio of 1.37, a current ratio of 2.43 and a debt-to-equity ratio of 0.74.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $529.30 million for the quarter, compared to analysts' expectations of $528.08 million. Hexcel had a net margin of 7.76% and a return on equity of 12.34%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. Hexcel has set its FY 2026 guidance at 2.300-2.400 EPS. Equities analysts anticipate that Hexcel Corporation will post 2.36 earnings per share for the current year.

Hexcel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Hexcel's dividend payout ratio is currently 36.18%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen downgraded Hexcel from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 16th. Guggenheim initiated coverage on shares of Hexcel in a research report on Monday. They issued a "buy" rating and a $120.00 target price for the company. TD Cowen raised their target price on Hexcel from $85.00 to $100.00 and gave the stock a "hold" rating in a research report on Monday, July 13th. Morgan Stanley upped their target price on shares of Hexcel from $97.00 to $110.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Finally, Jefferies Financial Group restated a "hold" rating and issued a $110.00 price target on shares of Hexcel in a research report on Sunday, August 2nd. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Hexcel currently has an average rating of "Hold" and a consensus target price of $108.25.

Hexcel Profile

Hexcel Corporation NYSE: HXL develops and manufactures advanced composite materials and structural solutions for the aerospace, defense, space, and industrial markets. Its products are designed to provide high strength and stiffness while reducing weight compared with many traditional materials.

The company's portfolio includes carbon fibers, specialty reinforcements, prepregs, honeycomb sandwich structures, adhesives, and composite tooling materials. These products are used in aircraft structures, helicopter components, rocket and satellite systems, wind turbine blades, and other applications that require lightweight, durable, and high-performance materials.

Hexcel traces its history to 1946 and serves customers through manufacturing operations and commercial activities in North America, Europe, and Asia-Pacific.

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