Entropy Technologies LP Acquires New Position in Textron Inc. (NYSE:TXT)

Entropy Technologies LP purchased a new position in Textron Inc. (NYSE:TXT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,816 shares of the aerospace company's stock, valued at approximately $827,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. True Wealth Design LLC acquired a new position in shares of Textron during the 3rd quarter valued at $26,000. Capital Performance Advisors LLP purchased a new position in shares of Textron during the third quarter valued at $42,000. Truvestments Capital LLC acquired a new stake in Textron during the third quarter valued at $43,000. Eastern Bank acquired a new stake in Textron during the fourth quarter valued at $42,000. Finally, Venturi Wealth Management LLC boosted its position in Textron by 69.5% during the third quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company's stock valued at $50,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 86.03% of the company's stock.

Analyst Upgrades and Downgrades

TXT has been the subject of a number of analyst reports. Robert W. Baird reduced their price target on Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a research report on Thursday, January 23rd. Citigroup lowered their price objective on Textron from $118.00 to $111.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Susquehanna lowered their price objective on Textron from $100.00 to $90.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. Vertical Research raised Textron from a "hold" rating to a "buy" rating and set a $91.00 target price on the stock in a report on Monday, January 6th. Finally, Barclays reduced their price objective on Textron from $104.00 to $95.00 and set an "overweight" rating on the stock in a report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $93.45.

Textron Stock Performance

Textron stock traded down $0.75 during mid-day trading on Friday, reaching $72.35. 1,582,154 shares of the company's stock were exchanged, compared to its average volume of 1,333,558. The business's fifty day simple moving average is $77.13 and its 200 day simple moving average is $83.24. The firm has a market capitalization of $13.42 billion, a PE ratio of 16.79, a P/E/G ratio of 1.23 and a beta of 1.27. Textron Inc. has a one year low of $72.03 and a one year high of $97.33. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.40.

Textron (NYSE:TXT - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. Textron had a return on equity of 14.92% and a net margin of 6.01%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the company posted $1.60 earnings per share. The business's revenue was down 7.2% on a year-over-year basis. On average, sell-side analysts expect that Textron Inc. will post 6.1 earnings per share for the current year.

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.