Atria Investments Inc Purchases 299 Shares of Textron Inc. (NYSE:TXT)

Atria Investments Inc lifted its position in Textron Inc. (NYSE:TXT) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,282 shares of the aerospace company’s stock after acquiring an additional 299 shares during the quarter. Atria Investments Inc’s holdings in Textron were worth $1,088,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TXT. Wedge Capital Management L L P NC bought a new stake in shares of Textron in the 2nd quarter worth $64,319,000. Canada Pension Plan Investment Board grew its position in Textron by 1,611.9% during the first quarter. Canada Pension Plan Investment Board now owns 433,100 shares of the aerospace company’s stock valued at $41,547,000 after buying an additional 407,800 shares during the period. Brandes Investment Partners LP grew its position in Textron by 20.0% during the second quarter. Brandes Investment Partners LP now owns 1,549,551 shares of the aerospace company’s stock valued at $133,096,000 after buying an additional 258,778 shares during the period. AQR Capital Management LLC grew its position in Textron by 18.9% during the second quarter. AQR Capital Management LLC now owns 1,451,293 shares of the aerospace company’s stock valued at $124,608,000 after buying an additional 231,173 shares during the period. Finally, Fidelity National Financial Inc. bought a new position in Textron during the second quarter valued at about $19,748,000. Institutional investors own 86.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TXT shares. StockNews.com lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Robert W. Baird reduced their price target on shares of Textron from $109.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. TD Cowen lowered shares of Textron from a “buy” rating to a “hold” rating and reduced their price target for the company from $103.00 to $95.00 in a research report on Wednesday, September 25th. Citigroup increased their price target on shares of Textron from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Textron from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Textron has a consensus rating of “Moderate Buy” and an average target price of $101.56.

Textron Price Performance

Shares of NYSE:TXT opened at $84.91 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $15.75 billion, a PE ratio of 18.66, a P/E/G ratio of 1.58 and a beta of 1.24. Textron Inc. has a twelve month low of $74.13 and a twelve month high of $97.33. The company has a 50-day moving average price of $86.39 and a two-hundred day moving average price of $87.31.

Textron (NYSE:TXT) last announced its quarterly earnings results on Thursday, October 24th. The aerospace company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09). Textron had a return on equity of 16.02% and a net margin of 6.30%. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the company posted $1.49 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts forecast that Textron Inc. will post 5.52 EPS for the current year.

Textron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend is Friday, December 13th. Textron’s payout ratio is 1.76%.

Textron Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.