Marshall Wace LLP Invests $22.37 Million in Textron Inc. (NYSE:TXT)

Marshall Wace LLP bought a new position in shares of Textron Inc. (NYSE:TXT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 292,455 shares of the aerospace company's stock, valued at approximately $22,370,000. Marshall Wace LLP owned approximately 0.16% of Textron as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jump Financial LLC lifted its stake in Textron by 2,851.7% in the fourth quarter. Jump Financial LLC now owns 100,004 shares of the aerospace company's stock valued at $7,649,000 after buying an additional 96,616 shares during the last quarter. Guggenheim Capital LLC raised its position in Textron by 14.4% in the 4th quarter. Guggenheim Capital LLC now owns 38,569 shares of the aerospace company's stock valued at $2,950,000 after purchasing an additional 4,858 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Textron during the 4th quarter worth $9,212,000. Canada Post Corp Registered Pension Plan acquired a new stake in Textron during the 4th quarter worth $189,000. Finally, Mariner LLC grew its position in Textron by 4.3% during the 4th 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. 86.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Textron news, VP Mark S. Bamford sold 5,451 shares of the business's stock in a transaction on Monday, February 24th. The stock was 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Susquehanna decreased their target price on shares of Textron from $100.00 to $90.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on Textron from $90.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Citigroup dropped their target price on Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. 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 report on Friday, April 11th. Finally, Robert W. Baird dropped their price objective on shares of Textron from $100.00 to $92.00 and set an "outperform" rating on the stock in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Textron presently has a consensus rating of "Hold" and an average target price of $89.30.

Textron Price Performance

Shares of TXT stock traded up $1.84 during midday trading on Thursday, reaching $68.07. 1,644,339 shares of the company traded hands, compared to its average volume of 1,203,765. The firm has a market cap of $12.36 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. The firm's 50 day simple moving average is $70.38 and its two-hundred day simple moving average is $77.34. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $95.86.

Textron (NYSE:TXT - Get Free Report) last posted its earnings results on Thursday, April 24th. The aerospace company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.05. Textron had a net margin of 6.01% and a return on equity of 14.92%. On average, equities research analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.12%. The ex-dividend date is Friday, June 13th. Textron's payout ratio is 1.86%.

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.