TimesSquare Capital Management LLC Sells 824,953 Shares of Hexcel Corporation $HXL

TimesSquare Capital Management LLC decreased its holdings in shares of Hexcel Corporation (NYSE:HXL) by 71.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,712 shares of the aerospace company’s stock after selling 824,953 shares during the quarter. TimesSquare Capital Management LLC owned 0.42% of Hexcel worth $21,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HXL. State Street Corp grew its stake in Hexcel by 4.3% in the 2nd quarter. State Street Corp now owns 4,690,924 shares of the aerospace company’s stock worth $264,990,000 after buying an additional 191,649 shares in the last quarter. American Century Companies Inc. grew its position in Hexcel by 103.8% in the second quarter. American Century Companies Inc. now owns 2,759,673 shares of the aerospace company’s stock worth $155,894,000 after acquiring an additional 1,405,538 shares in the last quarter. Brandes Investment Partners LP increased its stake in Hexcel by 49.1% in the second quarter. Brandes Investment Partners LP now owns 2,440,242 shares of the aerospace company’s stock valued at $137,850,000 after acquiring an additional 803,123 shares during the last quarter. Bank of America Corp DE raised its position in Hexcel by 5.9% during the second quarter. Bank of America Corp DE now owns 2,283,626 shares of the aerospace company’s stock valued at $129,002,000 after purchasing an additional 126,338 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Hexcel by 1,918.9% during the second quarter. Alliancebernstein L.P. now owns 2,178,259 shares of the aerospace company’s stock worth $123,050,000 after purchasing an additional 2,070,366 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Price Performance

Shares of Hexcel stock opened at $89.84 on Monday. The company’s fifty day simple moving average is $79.80 and its two-hundred day simple moving average is $70.83. Hexcel Corporation has a 12-month low of $45.28 and a 12-month high of $93.14. The firm has a market cap of $6.82 billion, a PE ratio of 65.10, a price-to-earnings-growth ratio of 1.37 and a beta of 1.06. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.79.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, January 28th. The aerospace company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. Hexcel had a net margin of 5.78% and a return on equity of 9.54%. The company had revenue of $491.30 million during the quarter, compared to analyst estimates of $484.46 million. During the same period in the prior year, the business posted $0.52 earnings per share. Hexcel’s revenue for the quarter was up 3.7% on a year-over-year basis. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts expect that Hexcel Corporation will post 2.14 EPS for the current year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. This is a boost from Hexcel’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, February 9th. Hexcel’s payout ratio is presently 52.17%.

Wall Street Analyst Weigh In

HXL has been the topic of a number of research reports. Morgan Stanley raised Hexcel from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $67.00 to $90.00 in a report on Friday, January 30th. Truist Financial set a $94.00 price target on shares of Hexcel in a research note on Friday, January 30th. Jefferies Financial Group boosted their price objective on shares of Hexcel from $75.00 to $90.00 and gave the stock a “hold” rating in a report on Sunday, February 1st. Royal Bank Of Canada increased their target price on shares of Hexcel from $92.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Citigroup reissued a “reduce” rating on shares of Hexcel in a research note on Thursday, October 23rd. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Hexcel has an average rating of “Hold” and a consensus target price of $82.17.

Hexcel Profile

Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.

Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.