TimesSquare Capital Management LLC Has $63.88 Million Stock Holdings in Hexcel Corporation (NYSE:HXL)

TimesSquare Capital Management LLC boosted its position in shares of Hexcel Corporation (NYSE:HXL - Free Report) by 416.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,166,489 shares of the aerospace company's stock after purchasing an additional 940,839 shares during the period. TimesSquare Capital Management LLC owned 1.45% of Hexcel worth $63,877,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HXL. ELCO Management Co. LLC lifted its position in Hexcel by 9.8% during the 1st quarter. ELCO Management Co. LLC now owns 73,310 shares of the aerospace company's stock worth $4,014,000 after acquiring an additional 6,550 shares during the last quarter. MainStreet Investment Advisors LLC bought a new stake in Hexcel during the first quarter valued at about $241,000. Brown Advisory Inc. boosted its holdings in Hexcel by 83.4% during the first quarter. Brown Advisory Inc. now owns 6,693 shares of the aerospace company's stock valued at $367,000 after acquiring an additional 3,043 shares during the period. Beverly Hills Private Wealth LLC boosted its holdings in Hexcel by 4.0% during the first quarter. Beverly Hills Private Wealth LLC now owns 5,323 shares of the aerospace company's stock valued at $291,000 after acquiring an additional 207 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Hexcel by 37.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,434 shares of the aerospace company's stock valued at $462,000 after acquiring an additional 2,319 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

Hexcel Price Performance

Shares of NYSE:HXL traded down $0.18 during trading on Tuesday, reaching $59.04. The stock had a trading volume of 173,799 shares, compared to its average volume of 1,187,385. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.39. The business's 50-day moving average price is $54.78 and its 200 day moving average price is $57.73. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $71.05. The stock has a market capitalization of $4.75 billion, a PE ratio of 39.10, a P/E/G ratio of 1.98 and a beta of 1.28.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a return on equity of 10.36% and a net margin of 6.60%. The company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same quarter last year, the firm earned $0.44 EPS. As a group, equities analysts predict that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is presently 45.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays decreased their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Truist Financial lowered their price target on Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada lowered their price target on Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price target on Hexcel from $61.00 to $50.00 and set an "underperform" rating on the stock in a research note on Friday, April 11th. Finally, UBS Group lowered their price target on Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $58.67.

About Hexcel

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.