157,360 Shares in Textron Inc. (NYSE:TXT) Acquired by Lodge Hill Capital LLC

Lodge Hill Capital LLC bought a new stake in Textron Inc. (NYSE:TXT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 157,360 shares of the aerospace company's stock, valued at approximately $12,036,000. Textron accounts for about 3.3% of Lodge Hill Capital LLC's portfolio, making the stock its 14th largest holding. Lodge Hill Capital LLC owned about 0.08% of Textron as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pflug Koory LLC grew its position in shares of Textron by 0.9% in the 4th quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company's stock worth $1,054,000 after acquiring an additional 125 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Textron by 5.7% in the 4th quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company's stock worth $200,000 after buying an additional 141 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in Textron by 5.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company's stock valued at $228,000 after acquiring an additional 163 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in Textron by 6.3% during the fourth quarter. Motley Fool Asset Management LLC now owns 2,732 shares of the aerospace company's stock worth $209,000 after buying an additional 163 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in shares of Textron by 4.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 4,272 shares of the aerospace company's stock worth $327,000 after acquiring an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company's stock.

Textron Trading Up 1.0 %

NYSE:TXT traded up $0.64 during trading hours on Tuesday, hitting $65.22. 342,750 shares of the company were exchanged, compared to its average volume of 1,188,120. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.18 and a beta of 1.06. The company has a fifty day simple moving average of $70.66 and a 200 day simple moving average of $77.50. The company has a current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. Textron Inc. has a one year low of $57.70 and a one year high of $95.86.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings data 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 return on equity of 14.92% and a net margin of 6.01%. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The company's quarterly revenue was down 7.2% on a year-over-year basis. Sell-side analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

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

Insider Buying and Selling at Textron

In other Textron news, VP Mark S. Bamford sold 5,451 shares of the company's 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 transaction, the vice president now directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on TXT. Vertical Research upgraded shares of Textron from a "hold" rating to a "buy" rating and set a $91.00 target price for the company in a research report on Monday, January 6th. Morgan Stanley reduced their target price on Textron from $82.00 to $71.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Citigroup dropped their target price on Textron from $111.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, April 10th. TD Cowen raised Textron to a "hold" rating in a report on Monday, February 24th. Finally, Bank of America downgraded shares of Textron from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $110.00 to $85.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Textron currently has a consensus rating of "Hold" and an average target price of $89.30.

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.