Sun Sep 15 10:56:54 UTC 2024: ## Texas School Fund Cuts Hexcel Holdings Amid Mixed Investor Sentiment

**New York, NY (MarketBeat News)** – Texas Permanent School Fund Corp has reduced its stake in aerospace materials company Hexcel Co. (NYSE: HXL) by 14.5% in the second quarter, according to the fund’s latest 13F filing. This move comes amidst a mixed bag of investor activity surrounding Hexcel.

While the Texas school fund trimmed its position, other large investors have been increasing their holdings. Notably, Vanguard Group Inc., Earnest Partners LLC, Dimensional Fund Advisors LP, Sei Investments Co., and Schroder Investment Management Group all boosted their stakes in Hexcel during recent quarters, demonstrating continued confidence in the company.

However, analysts remain somewhat divided on Hexcel’s prospects. While Stifel Nicolaus maintains a “buy” rating and UBS Group rates it “neutral,” Morgan Stanley downgraded the stock to “underweight” and Royal Bank of Canada downgraded it to “sector perform.” Overall, Hexcel currently holds an average rating of “Hold” with a consensus price target of $74.54, according to MarketBeat.com.

Hexcel reported strong second-quarter earnings, exceeding analysts’ expectations, with revenue growth reaching 10.1% year-over-year. The company also declared a quarterly dividend of $0.15, further signaling its commitment to shareholder returns.

Despite the mixed signals, Hexcel’s stock opened at $60.84 on Friday, reflecting a healthy market capitalization of $5.06 billion. Investors will continue to watch closely as the company navigates the complex landscape of the aerospace industry.

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