Hexcel Corporation (NYSE:HXL) Stock Position Raised by TimesSquare Capital Management LLC

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

Several other large investors have also bought and sold shares of the company. Earnest Partners LLC boosted its stake in Hexcel by 0.8% during the fourth quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company's stock valued at $301,991,000 after buying an additional 37,442 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Hexcel by 4,372.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company's stock valued at $156,919,000 after purchasing an additional 2,446,716 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Hexcel by 24.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company's stock valued at $125,172,000 after purchasing an additional 395,744 shares during the period. Sei Investments Co. boosted its position in shares of Hexcel by 9.0% in the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company's stock valued at $92,938,000 after purchasing an additional 122,281 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Hexcel by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company's stock valued at $90,104,000 after purchasing an additional 24,393 shares during the period. Institutional investors own 95.47% of the company's stock.

Hexcel Stock Up 1.1%

Hexcel stock traded up $0.66 during mid-day trading on Thursday, hitting $59.63. The company's stock had a trading volume of 324,614 shares, compared to its average volume of 996,825. The firm's 50 day moving average is $55.30 and its 200 day moving average is $57.72. The company has a market cap of $4.79 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 1.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.39. Hexcel Corporation has a 52-week low of $45.28 and a 52-week high of $71.05.

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

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, May 2nd. Hexcel's dividend payout ratio (DPR) is presently 45.03%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HXL shares. BMO Capital Markets decreased their price target on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research report on Wednesday, April 23rd. UBS Group decreased their price target on Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Truist Financial decreased their price target on Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Royal Bank Of Canada decreased their price target on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays decreased their price target on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $59.22.

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.