Centiva Capital LP Sells 10,253 Shares of Textron Inc. (NYSE:TXT)

Centiva Capital LP reduced its stake in Textron Inc. (NYSE:TXT - Free Report) by 51.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,753 shares of the aerospace company's stock after selling 10,253 shares during the quarter. Centiva Capital LP's holdings in Textron were worth $864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its position in shares of Textron by 579.5% during the first quarter. Cetera Investment Advisers now owns 50,684 shares of the aerospace company's stock worth $4,862,000 after buying an additional 43,225 shares during the period. QRG Capital Management Inc. lifted its stake in Textron by 3.8% in the 2nd quarter. QRG Capital Management Inc. now owns 106,793 shares of the aerospace company's stock valued at $9,169,000 after acquiring an additional 3,864 shares in the last quarter. Czech National Bank boosted its position in Textron by 5.4% during the 2nd quarter. Czech National Bank now owns 36,340 shares of the aerospace company's stock worth $3,120,000 after acquiring an additional 1,853 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Textron by 12.6% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,235 shares of the aerospace company's stock worth $364,000 after acquiring an additional 474 shares in the last quarter. Finally, Strong Tower Advisory Services raised its holdings in shares of Textron by 27.3% in the second quarter. Strong Tower Advisory Services now owns 17,445 shares of the aerospace company's stock valued at $1,498,000 after purchasing an additional 3,740 shares during the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TXT shares. JPMorgan Chase & Co. lowered their price target on shares of Textron from $100.00 to $95.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. Morgan Stanley lowered Textron from an "overweight" rating to an "equal weight" rating and set a $95.00 target price on the stock. in a report on Thursday, August 8th. TD Cowen downgraded 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 note on Wednesday, September 25th. Robert W. Baird dropped their price objective on Textron from $109.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, UBS Group decreased their target price on shares of Textron from $87.00 to $79.00 and set a "sell" rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.56.

Textron Stock Performance

Shares of Textron stock traded down $0.43 during trading on Friday, reaching $82.68. The company's stock had a trading volume of 1,320,996 shares, compared to its average volume of 1,080,705. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. The business's 50-day moving average price is $85.59 and its 200-day moving average price is $87.03. Textron Inc. has a 52 week low of $75.70 and a 52 week high of $97.33. The firm has a market cap of $15.34 billion, a PE ratio of 18.15, a P/E/G ratio of 1.54 and a beta of 1.25.

Textron (NYSE:TXT - Get Free Report) last posted 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). Textron had a return on equity of 16.02% and a net margin of 6.30%. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the business earned $1.49 EPS. Textron's revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that Textron Inc. will post 5.52 earnings per share for the current year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be paid a $0.02 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Textron's dividend payout ratio (DPR) is 1.76%.

Textron 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.