Versor Investments LP Has $1.46 Million Holdings in Textron Inc. (NYSE:TXT)

Versor Investments LP lessened its holdings in shares of Textron Inc. (NYSE:TXTFree Report) by 13.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,179 shares of the aerospace company’s stock after selling 2,854 shares during the period. Versor Investments LP’s holdings in Textron were worth $1,462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in Textron by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 6,756,439 shares of the aerospace company’s stock valued at $527,948,000 after purchasing an additional 220,891 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Textron by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,745,108 shares of the aerospace company’s stock valued at $448,923,000 after purchasing an additional 596,214 shares during the last quarter. Primecap Management Co. CA lifted its stake in Textron by 9.7% in the 3rd quarter. Primecap Management Co. CA now owns 5,394,200 shares of the aerospace company’s stock valued at $421,503,000 after purchasing an additional 477,720 shares during the last quarter. LSV Asset Management lifted its stake in Textron by 15.9% in the 4th quarter. LSV Asset Management now owns 3,793,047 shares of the aerospace company’s stock valued at $305,037,000 after purchasing an additional 521,276 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Textron by 4.0% in the 3rd quarter. Northern Trust Corp now owns 1,757,258 shares of the aerospace company’s stock valued at $137,312,000 after purchasing an additional 66,999 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

TXT has been the subject of several analyst reports. Bank of America raised shares of Textron from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $105.00 in a research note on Friday, March 8th. UBS Group raised their price target on shares of Textron from $77.00 to $81.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Citigroup raised their price target on shares of Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. The Goldman Sachs Group raised their price target on shares of Textron from $103.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, StockNews.com downgraded shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.63.

View Our Latest Analysis on Textron

Textron Stock Up 0.1 %

NYSE:TXT traded up $0.06 during trading hours on Friday, reaching $88.55. The company had a trading volume of 915,140 shares, compared to its average volume of 1,415,714. The company has a quick ratio of 0.84, a current ratio of 1.81 and a debt-to-equity ratio of 0.46. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.39 and a beta of 1.32. The business’s 50-day simple moving average is $92.06 and its two-hundred day simple moving average is $84.44. Textron Inc. has a twelve month low of $61.27 and a twelve month high of $97.33.

Textron (NYSE:TXTGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.08). The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.29 billion. Textron had a return on equity of 16.30% and a net margin of 6.75%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. On average, equities analysts expect that Textron Inc. will post 6.27 earnings per share for the current year.

Textron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.02 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Textron’s dividend payout ratio is presently 1.71%.

Textron Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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