UniSuper Management Pty Ltd Has $2.04 Million Stock Holdings in Textron Inc. (NYSE:TXT)

UniSuper Management Pty Ltd increased its position in shares of Textron Inc. (NYSE:TXT) by 28.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,641 shares of the aerospace company’s stock after buying an additional 5,850 shares during the period. UniSuper Management Pty Ltd’s holdings in Textron were worth $2,038,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC bought a new stake in Textron during the third quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new stake in Textron during the 4th quarter valued at approximately $31,000. Eastern Bank bought a new position in Textron in the 4th quarter worth approximately $42,000. Golden State Wealth Management LLC bought a new stake in shares of Textron in the fourth quarter valued at approximately $63,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Textron in the fourth quarter worth $68,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $72.68, for a total transaction of $396,178.68. Following the transaction, the vice president now owns 18,223 shares in the company, valued at $1,324,447.64. This represents a 23.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird cut their target price on shares of Textron from $100.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Barclays reduced their target price on shares of Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. TD Cowen raised Textron to a “hold” rating in a report on Monday, February 24th. Bank of America lowered Textron from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $85.00 in a report on Friday, January 24th. Finally, Susquehanna cut their target price on Textron from $100.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.45.

Textron Stock Down 3.1 %

TXT opened at $72.92 on Monday. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76. The firm’s 50-day simple moving average is $74.49 and its 200-day simple moving average is $80.17. Textron Inc. has a twelve month low of $70.14 and a twelve month high of $97.34.

Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.78 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. The company’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.60 earnings per share. Equities research analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Friday, March 14th. Textron’s dividend payout ratio is currently 1.86%.

Textron Company 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.