TimesSquare Capital Management LLC Purchases New Holdings in Hexcel Co. (NYSE:HXL)

TimesSquare Capital Management LLC purchased a new stake in Hexcel Co. (NYSE:HXL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 225,650 shares of the aerospace company’s stock, valued at approximately $14,148,000. TimesSquare Capital Management LLC owned about 0.28% of Hexcel as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in Hexcel in the third quarter valued at about $30,000. Allworth Financial LP boosted its holdings in Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 567 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 420 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Hexcel in the third quarter valued at about $56,000. Finally, First Horizon Advisors Inc. boosted its holdings in Hexcel by 53.8% in the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 326 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Stock Down 3.5 %

Shares of Hexcel stock opened at $65.01 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $64.90 and its 200-day simple moving average is $62.78. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 1.86 and a beta of 1.31. Hexcel Co. has a twelve month low of $57.50 and a twelve month high of $77.09.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Equities research analysts forecast that Hexcel Co. will post 2.16 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.17 dividend. This is a boost from Hexcel’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Friday, February 7th. Hexcel’s dividend payout ratio (DPR) is currently 42.77%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company upped their price objective on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. TD Cowen upgraded Hexcel to a “hold” rating in a research note on Thursday, December 19th. Royal Bank of Canada upped their price objective on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, BMO Capital Markets cut their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.09.

Hexcel Company 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.