Hexcel Co. (NYSE:HXL) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC boosted its stake in Hexcel Co. (NYSE:HXL) by 93.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,503,055 shares of the aerospace company’s stock after acquiring an additional 724,280 shares during the quarter. Hexcel accounts for about 1.6% of TimesSquare Capital Management LLC’s portfolio, making the stock its 4th biggest holding. TimesSquare Capital Management LLC’s holdings in Hexcel were worth $110,850,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Cetera Trust Company N.A acquired a new stake in Hexcel during the 4th quarter worth $30,000. CENTRAL TRUST Co lifted its stake in Hexcel by 68.1% in the 3rd quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 179 shares in the last quarter. RiverPark Advisors LLC acquired a new position in shares of Hexcel during the 3rd quarter worth approximately $41,000. GAMMA Investing LLC acquired a new stake in shares of Hexcel in the fourth quarter valued at approximately $53,000. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Hexcel in the fourth quarter valued at approximately $201,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Hexcel Trading Up 0.9 %

Hexcel stock traded up $0.64 during midday trading on Thursday, reaching $73.29. 1,027,827 shares of the stock traded hands, compared to its average volume of 966,529. The firm has a market cap of $6.09 billion, a PE ratio of 62.09, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25. Hexcel Co. has a 12-month low of $58.81 and a 12-month high of $79.08. The company has a current ratio of 2.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $69.53 and a two-hundred day simple moving average of $69.52.

Hexcel (NYSE:HXL) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The firm had revenue of $472.30 million for the quarter, compared to the consensus estimate of $468.93 million. During the same period in the prior year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Research analysts expect that Hexcel Co. will post 2.22 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, May 3rd will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.60 annualized dividend and a yield of 0.82%. Hexcel’s payout ratio is 51.28%.

Analyst Ratings Changes

HXL has been the subject of several analyst reports. StockNews.com cut Hexcel from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Barclays cut their price objective on shares of Hexcel from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price target on shares of Hexcel in a research note on Wednesday, February 21st. The Goldman Sachs Group lifted their price target on shares of Hexcel from $69.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Truist Financial lowered their price objective on Hexcel from $96.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.57.

Insiders Place Their Bets

In other news, Director Catherine A. Suever purchased 400 shares of the stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $68.33 per share, for a total transaction of $27,332.00. Following the acquisition, the director now directly owns 15,748 shares of the company’s stock, valued at approximately $1,076,060.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Hexcel news, Director Catherine A. Suever acquired 400 shares of the stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $68.33 per share, with a total value of $27,332.00. Following the transaction, the director now owns 15,748 shares in the company, valued at approximately $1,076,060.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nick L. Stanage purchased 15,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was acquired at an average cost of $64.29 per share, with a total value of $964,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 392,446 shares of the company’s stock, valued at $25,230,353.34. The disclosure for this purchase can be found here. Insiders have purchased a total of 43,400 shares of company stock worth $2,820,322 in the last quarter. 1.85% of the stock is owned by company insiders.

Hexcel 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.