EntryPoint Capital LLC Increases Stock Holdings in Textron Inc. (NYSE:TXT)

EntryPoint Capital LLC raised its stake in Textron Inc. (NYSE:TXT - Free Report) by 157.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,248 shares of the aerospace company's stock after purchasing an additional 4,438 shares during the period. EntryPoint Capital LLC's holdings in Textron were worth $554,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TXT. True Wealth Design LLC acquired a new stake in shares of Textron during the third quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Textron in the fourth quarter valued at approximately $31,000. Eastern Bank purchased a new position in shares of Textron during the fourth quarter worth approximately $42,000. Truvestments Capital LLC acquired a new position in shares of Textron in the 3rd quarter valued at $43,000. Finally, Golden State Wealth Management LLC acquired a new stake in Textron during the 4th quarter worth $63,000. Institutional investors and hedge funds own 86.03% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on TXT shares. Barclays reduced their price objective on Textron from $104.00 to $95.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. Robert W. Baird decreased their price target on Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Textron from $90.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Vertical Research upgraded shares of Textron from a "hold" rating to a "buy" rating and set a $91.00 price objective for the company in a research report on Monday, January 6th. Finally, Citigroup lowered their target price on shares of Textron from $118.00 to $111.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $93.45.

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Insider Activity at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $72.68, for a total value of $396,178.68. Following the completion of the transaction, the vice president now owns 18,223 shares of the company's stock, valued at approximately $1,324,447.64. The trade was a 23.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Textron Price Performance

Textron stock traded down $2.36 during mid-day trading on Friday, reaching $72.92. The company had a trading volume of 1,075,585 shares, compared to its average volume of 1,153,198. The stock's 50-day simple moving average is $74.49 and its 200-day simple moving average is $80.21. The company has a market capitalization of $13.24 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. Textron Inc. has a 1 year low of $70.14 and a 1 year high of $97.34.

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

Textron Announces Dividend

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

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.