225,650 Shares in Hexcel Co. (NYSE:HXL) Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC acquired a new stake in shares of Hexcel Co. (NYSE:HXL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 SEC filing.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in Hexcel by 36.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company's stock worth $98,966,000 after buying an additional 425,402 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Hexcel by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,727 shares of the aerospace company's stock worth $65,585,000 after purchasing an additional 10,479 shares during the period. Ceredex Value Advisors LLC raised its holdings in shares of Hexcel by 34.8% in the 3rd quarter. Ceredex Value Advisors LLC now owns 973,352 shares of the aerospace company's stock worth $60,182,000 after purchasing an additional 251,062 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Hexcel by 52.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 586,217 shares of the aerospace company's stock worth $36,246,000 after purchasing an additional 200,722 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Hexcel by 12.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company's stock worth $35,957,000 after purchasing an additional 63,730 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. StockNews.com downgraded Hexcel from a "buy" rating to a "hold" rating in a report on Wednesday. TD Cowen upgraded Hexcel to a "hold" rating in a report on Thursday, December 19th. 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 report on Thursday, November 21st. Royal Bank of Canada raised their price objective on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, BMO Capital Markets lowered their target price on Hexcel from $70.00 to $68.00 and set a "market perform" rating for the company in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Hexcel has an average rating of "Hold" and an average price target of $73.09.

Hexcel Stock Performance

Shares of HXL traded down $1.40 during mid-day trading on Friday, hitting $62.68. The stock had a trading volume of 695,195 shares, compared to its average volume of 960,420. The company has a market cap of $5.09 billion, a PE ratio of 39.42, a PEG ratio of 1.72 and a beta of 1.31. The company's fifty day simple moving average is $64.88 and its two-hundred day simple moving average is $62.80. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. Hexcel Co. has a fifty-two week low of $57.50 and a fifty-two week high of $77.09.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, equities analysts expect that Hexcel Co. will post 2.14 earnings per share for the current year.

Hexcel Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.17 dividend. This is an increase from Hexcel's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.08%. Hexcel's dividend payout ratio (DPR) is 42.77%.

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.