TimesSquare Capital Management LLC Sells 5,824 Shares of Hexcel Corporation $HXL

TimesSquare Capital Management LLC trimmed its holdings in shares of Hexcel Corporation (NYSE:HXL) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,160,665 shares of the aerospace company’s stock after selling 5,824 shares during the quarter. TimesSquare Capital Management LLC owned approximately 1.46% of Hexcel worth $65,566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HXL. Trust Co. of Toledo NA OH purchased a new position in shares of Hexcel during the 2nd quarter worth $26,000. NewSquare Capital LLC raised its holdings in Hexcel by 379.0% in the 2nd quarter. NewSquare Capital LLC now owns 479 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 379 shares during the period. Park Place Capital Corp raised its holdings in Hexcel by 65.1% in the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 196 shares during the period. Hantz Financial Services Inc. purchased a new position in Hexcel during the second quarter valued at $28,000. Finally, Parkside Financial Bank & Trust grew its holdings in Hexcel by 325.0% during the second quarter. Parkside Financial Bank & Trust now owns 493 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 377 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Hexcel Trading Up 1.4%

Hexcel stock opened at $68.78 on Wednesday. Hexcel Corporation has a 1 year low of $45.28 and a 1 year high of $74.35. The firm’s 50 day moving average price is $65.23 and its 200-day moving average price is $60.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.75 and a quick ratio of 1.50. The stock has a market cap of $5.48 billion, a P/E ratio of 80.92, a PEG ratio of 2.36 and a beta of 1.35.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $456.20 million for the quarter, compared to analysts’ expectations of $449.99 million. Hexcel had a net margin of 3.67% and a return on equity of 9.25%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. On average, equities analysts predict that Hexcel Corporation will post 2.14 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, November 3rd. Hexcel’s dividend payout ratio is currently 80.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HXL shares. Cowen reaffirmed a “hold” rating on shares of Hexcel in a research note on Friday, October 24th. UBS Group lifted their price target on shares of Hexcel from $81.00 to $87.00 and gave the company a “buy” rating in a report on Friday, October 24th. Citigroup reissued a “reduce” rating on shares of Hexcel in a research note on Thursday, October 23rd. Zacks Research upgraded shares of Hexcel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Finally, Truist Financial upped their target price on shares of Hexcel from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $73.33.

Insider Buying and Selling

In other news, EVP Patrick Winterlich sold 3,413 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $73.34, for a total value of $250,309.42. Following the completion of the sale, the executive vice president owned 40,357 shares in the company, valued at approximately $2,959,782.38. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lyndon John Smith sold 2,077 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $73.02, for a total value of $151,662.54. Following the sale, the insider directly owned 8,426 shares of the company’s stock, valued at $615,266.52. This represents a 19.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 15,298 shares of company stock worth $1,029,349. 1.39% of the stock is owned by company insiders.

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.