230,947 Shares in Hexcel Corporation $HXL Purchased by TimesSquare Capital Management LLC

Key Points

• TimesSquare Capital Management purchased 230,947 Hexcel shares worth approximately $23.1 million, acquiring a 0.31% stake. Institutional investors and hedge funds collectively own 95.47% of the company.
• Analyst sentiment remains mixed: Hexcel has a consensus “Hold” rating and an average price target of $107.18, with targets ranging from $97 to $120.
• Hexcel exceeded quarterly earnings expectations, reporting $0.66 in EPS and $529.3 million in revenue, while revenue grew 8% year over year. The company also paid a quarterly dividend of $0.18 per share, equivalent to a 0.7% yield.

TimesSquare Capital Management LLC bought a new stake in Hexcel Corporation (NYSE:HXL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 230,947 shares of the aerospace company's stock, valued at approximately $23,109,000. TimesSquare Capital Management LLC owned approximately 0.31% of Hexcel as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Alliancebernstein L.P. raised its position in shares of Hexcel by 1,918.9% during the 2nd quarter. Alliancebernstein L.P. now owns 2,178,259 shares of the aerospace company's stock worth $123,050,000 after buying an additional 2,070,366 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Hexcel in the third quarter valued at approximately $123,233,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Hexcel by 18.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,104,121 shares of the aerospace company's stock valued at $377,196,000 after acquiring an additional 790,320 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Hexcel by 87.5% during the fourth quarter. Jennison Associates LLC now owns 1,335,002 shares of the aerospace company's stock valued at $98,657,000 after acquiring an additional 623,032 shares during the period. Finally, UBS Group AG raised its holdings in Hexcel by 122.3% during the third quarter. UBS Group AG now owns 955,995 shares of the aerospace company's stock worth $59,941,000 after purchasing an additional 525,900 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HXL. Wolfe Research downgraded Hexcel from an "outperform" rating to a "peer perform" rating in a research report on Friday, July 31st. The Goldman Sachs Group lifted their price target on Hexcel from $88.00 to $97.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Wells Fargo & Company upped their price objective on Hexcel from $95.00 to $120.00 and gave the company an "overweight" rating in a report on Tuesday, August 4th. Weiss Ratings raised Hexcel from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, August 4th. Finally, Bank of America cut shares of Hexcel from a "peer perform" rating to a "market perform" rating and set a $110.00 price target on the stock. in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hexcel has a consensus rating of "Hold" and an average price target of $107.18.

Insider Activity

In other news, insider Gina Fitzsimons sold 9,675 shares of the company's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $103.14, for a total transaction of $997,879.50. Following the completion of the sale, the insider directly owned 7,712 shares of the company's stock, valued at $795,415.68. This represents a 55.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.84% of the stock is owned by company insiders.

Hexcel Trading Down 1.1%

Shares of NYSE:HXL opened at $102.95 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.37 and a current ratio of 2.43. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 51.73, a PEG ratio of 1.48 and a beta of 1.06. Hexcel Corporation has a 1-year low of $60.05 and a 1-year high of $111.74. The company has a 50 day moving average price of $101.21 and a 200 day moving average price of $91.89.

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

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.7%. Hexcel's payout ratio is 36.18%.

Hexcel Company 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.

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