Textron Inc. (NYSE:TXT) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP raised its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 144.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,862 shares of the aerospace company's stock after purchasing an additional 8,188 shares during the quarter. GSA Capital Partners LLP's holdings in Textron were worth $1,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TXT. Davis Investment Partners LLC raised its stake in Textron by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 14,828 shares of the aerospace company's stock valued at $1,290,000 after purchasing an additional 118 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in Textron by 4.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 2,655 shares of the aerospace company's stock valued at $235,000 after acquiring an additional 125 shares during the last quarter. Altman Advisors Inc. increased its holdings in shares of Textron by 0.6% during the 2nd quarter. Altman Advisors Inc. now owns 22,057 shares of the aerospace company's stock worth $1,894,000 after buying an additional 129 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Textron by 0.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,148 shares of the aerospace company's stock worth $1,558,000 after buying an additional 146 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Textron by 0.4% during the 3rd quarter. Creative Planning now owns 37,304 shares of the aerospace company's stock worth $3,304,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on TXT shares. Bank of America lifted their target price on shares of Textron from $105.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. Morgan Stanley downgraded shares of Textron from an "overweight" rating to an "equal weight" rating and set a $95.00 target price for the company. in a report on Thursday, August 8th. Citigroup raised their price target on shares of Textron from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. TD Cowen cut shares of Textron from a "buy" rating to a "hold" rating and decreased their price target for the company from $103.00 to $95.00 in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Textron from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Textron presently has an average rating of "Moderate Buy" and a consensus price target of $101.56.

Textron Stock Performance

NYSE TXT traded down $1.19 during trading on Friday, reaching $84.91. The company's stock had a trading volume of 1,099,175 shares, compared to its average volume of 1,085,466. Textron Inc. has a twelve month low of $74.13 and a twelve month high of $97.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83. The business's fifty day moving average price is $86.41 and its 200-day moving average price is $87.30. The firm has a market cap of $15.75 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.58 and a beta of 1.24.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.09). The company had revenue of $3.43 billion for the quarter, compared to analysts' expectations of $3.50 billion. Textron had a return on equity of 16.02% and a net margin of 6.30%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 EPS. As a group, analysts anticipate that Textron Inc. will post 5.52 EPS for the current fiscal year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Friday, December 13th. Textron's dividend payout ratio (DPR) is presently 1.76%.

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.