UniSuper Management Pty Ltd Purchases 5,850 Shares of Textron Inc. (NYSE:TXT)

UniSuper Management Pty Ltd raised its holdings in Textron Inc. (NYSE:TXT - Free Report) by 28.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,641 shares of the aerospace company's stock after purchasing an additional 5,850 shares during the quarter. UniSuper Management Pty Ltd's holdings in Textron were worth $2,038,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TXT. True Wealth Design LLC bought a new position in Textron in the 3rd quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Textron during the fourth quarter worth $31,000. Eastern Bank bought a new position in shares of Textron in the 4th quarter worth about $42,000. Golden State Wealth Management LLC bought a new stake in Textron in the fourth quarter worth approximately $63,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Textron during the 4th quarter valued at $68,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TXT shares. Robert W. Baird lowered their target price on Textron from $100.00 to $92.00 and set an "outperform" rating on the stock in a research report on Thursday, January 23rd. Barclays dropped their target price on shares of Textron from $104.00 to $95.00 and set an "overweight" rating on the stock in a research report on Monday, December 23rd. Citigroup reduced their price target on shares of Textron from $118.00 to $111.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Morgan Stanley decreased their target price on Textron from $86.00 to $82.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. Finally, Vertical Research raised shares of Textron from a "hold" rating to a "buy" rating and set a $91.00 price target on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.45.

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Insider Buying and Selling

In other news, VP Mark S. Bamford sold 5,451 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $72.68, for a total transaction of $396,178.68. Following the completion of the transaction, the vice president now directly owns 18,223 shares of the company's stock, valued at approximately $1,324,447.64. This represents a 23.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Textron Price Performance

Shares of NYSE TXT traded up $0.32 during midday trading on Wednesday, hitting $72.48. 1,148,256 shares of the company's stock were exchanged, compared to its average volume of 1,156,534. Textron Inc. has a 12-month low of $70.14 and a 12-month high of $97.34. The company has a market cap of $13.16 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.18 and a beta of 1.27. The company has a current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. The business's fifty day moving average price is $74.17 and its two-hundred day moving average price is $79.96.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $3.78 billion. During the same period in the prior year, the business earned $1.60 EPS. The company's revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, research analysts forecast that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. Textron's dividend payout ratio (DPR) is currently 1.86%.

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.