Aware Super Pty Ltd as trustee of Aware Super Invests $9.21 Million in Textron Inc. (NYSE:TXT)

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Textron Inc. (NYSE:TXT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 120,430 shares of the aerospace company's stock, valued at approximately $9,212,000. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.06% of Textron as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Post Corp Registered Pension Plan purchased a new position in Textron in the 4th quarter worth approximately $189,000. Mariner LLC grew its holdings in Textron by 4.3% in the fourth quarter. Mariner LLC now owns 1,137,684 shares of the aerospace company's stock worth $87,022,000 after purchasing an additional 46,469 shares during the last quarter. Barclays PLC lifted its holdings in shares of Textron by 10.2% during the 4th quarter. Barclays PLC now owns 515,200 shares of the aerospace company's stock valued at $39,408,000 after purchasing an additional 47,767 shares during the last quarter. Savvy Advisors Inc. acquired a new stake in shares of Textron in the 4th quarter worth $256,000. Finally, Altman Advisors Inc. grew its stake in Textron by 1.8% during the 4th quarter. Altman Advisors Inc. now owns 22,417 shares of the aerospace company's stock worth $1,715,000 after buying an additional 389 shares during the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Stock Performance

Textron stock traded up $1.02 during mid-day trading on Friday, hitting $66.00. The company had a trading volume of 1,563,028 shares, compared to its average volume of 1,187,931. The company has a current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 1.18 and a beta of 1.06. The company's fifty day moving average is $70.98 and its 200-day moving average is $77.93. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $95.86.

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

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Friday, March 14th. Textron's payout ratio is presently 1.86%.

Wall Street Analysts Forecast Growth

TXT has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on Textron from $82.00 to $71.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. TD Cowen raised shares of Textron to a "hold" rating in a research report on Monday, February 24th. Barclays decreased their price target on shares of Textron from $104.00 to $95.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Textron from $90.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Finally, Robert W. Baird reduced their target price on Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Textron currently has a consensus rating of "Hold" and a consensus price target of $89.30.

Insider Buying and Selling at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $72.68, for a total value of $396,178.68. Following the sale, the vice president now directly owns 18,223 shares in the company, valued at approximately $1,324,447.64. The trade was a 23.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company's stock.

About Textron

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.