TimesSquare Capital Management LLC Sells 824,953 Shares of Hexcel Corporation $HXL

TimesSquare Capital Management LLC reduced its stake in Hexcel Corporation (NYSE:HXL) by 71.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,712 shares of the aerospace company’s stock after selling 824,953 shares during the period. TimesSquare Capital Management LLC’s holdings in Hexcel were worth $21,049,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HXL. Sequoia Financial Advisors LLC grew its holdings in shares of Hexcel by 4.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,879 shares of the aerospace company’s stock worth $243,000 after acquiring an additional 154 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Hexcel by 21.7% during the second quarter. Geneos Wealth Management Inc. now owns 924 shares of the aerospace company’s stock valued at $52,000 after purchasing an additional 165 shares in the last quarter. ProShare Advisors LLC grew its stake in Hexcel by 3.7% in the second quarter. ProShare Advisors LLC now owns 4,779 shares of the aerospace company’s stock worth $270,000 after purchasing an additional 172 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in Hexcel by 0.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 58,299 shares of the aerospace company’s stock worth $3,655,000 after purchasing an additional 259 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Hexcel by 57.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 786 shares of the aerospace company’s stock valued at $44,000 after buying an additional 288 shares during the period. 95.47% of the stock is owned by institutional investors.

Hexcel Trading Up 1.0%

NYSE:HXL opened at $89.84 on Monday. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 65.10, a PEG ratio of 1.37 and a beta of 1.06. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 0.79. The company’s 50 day moving average price is $79.80 and its 200-day moving average price is $70.83. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $93.14.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. Hexcel had a return on equity of 9.54% and a net margin of 5.78%.The business had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $484.46 million. During the same period in the prior year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Hexcel has set its FY 2026 guidance at 2.100-2.300 EPS. On average, equities research analysts forecast that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 9th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. This is a boost from Hexcel’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, February 9th. Hexcel’s payout ratio is 52.17%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HXL shares. Citigroup reaffirmed a “reduce” rating on shares of Hexcel in a research report on Thursday, October 23rd. TD Cowen restated a “hold” rating on shares of Hexcel in a report on Friday, October 24th. The Goldman Sachs Group raised their target price on shares of Hexcel from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Morgan Stanley raised Hexcel from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $67.00 to $90.00 in a research report on Friday, January 30th. Finally, UBS Group set a $99.00 price target on Hexcel in a research note on Friday, January 30th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Hexcel presently has a consensus rating of “Hold” and an average price target of $82.17.

About Hexcel

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.