Headlands Technologies LLC Boosts Stock Position in Textron Inc. (NYSE:TXT)

Headlands Technologies LLC boosted its holdings in shares of Textron Inc. (NYSE:TXT) by 6,247.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,793 shares of the aerospace company’s stock after purchasing an additional 2,749 shares during the quarter. Headlands Technologies LLC’s holdings in Textron were worth $225,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Metis Global Partners LLC increased its holdings in shares of Textron by 12.8% in the 3rd quarter. Metis Global Partners LLC now owns 10,189 shares of the aerospace company’s stock valued at $796,000 after acquiring an additional 1,158 shares during the last quarter. LSV Asset Management increased its holdings in shares of Textron by 7.6% in the 3rd quarter. LSV Asset Management now owns 3,271,771 shares of the aerospace company’s stock valued at $255,656,000 after acquiring an additional 230,560 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Textron by 36.9% in the 3rd quarter. Deutsche Bank AG now owns 542,193 shares of the aerospace company’s stock valued at $42,367,000 after acquiring an additional 146,055 shares during the last quarter. AustralianSuper Pty Ltd increased its holdings in shares of Textron by 13.2% in the 4th quarter. AustralianSuper Pty Ltd now owns 98,773 shares of the aerospace company’s stock valued at $7,943,000 after acquiring an additional 11,510 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Textron by 269.1% in the 4th quarter. SG Americas Securities LLC now owns 20,896 shares of the aerospace company’s stock valued at $1,680,000 after acquiring an additional 15,235 shares during the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Trading Up 1.9 %

Shares of TXT stock opened at $86.51 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 1.81. Textron Inc. has a 1 year low of $61.27 and a 1 year high of $97.33. The stock has a fifty day moving average of $92.10 and a two-hundred day moving average of $83.93. The firm has a market capitalization of $16.50 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30.

Textron (NYSE:TXT) last announced its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.08). Textron had a return on equity of 16.30% and a net margin of 6.75%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the firm posted $1.05 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. As a group, research analysts expect that Textron Inc. will post 6.29 EPS for the current year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Textron’s dividend payout ratio (DPR) is presently 1.71%.

Wall Street Analyst Weigh In

TXT has been the subject of a number of recent research reports. Citigroup upped their price objective on Textron from $104.00 to $111.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. StockNews.com downgraded Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday. Susquehanna lowered their price objective on Textron from $110.00 to $105.00 and set a “positive” rating for the company in a research note on Friday. Bank of America upgraded Textron from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $105.00 in a research note on Friday, March 8th. Finally, The Goldman Sachs Group upped their price objective on Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.63.

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.