Twin Capital Management Inc. Has $1.60 Million Position in Textron Inc. (NYSE:TXT)

Twin Capital Management Inc. lowered its holdings in Textron Inc. (NYSE:TXT) by 40.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,840 shares of the aerospace company’s stock after selling 13,700 shares during the quarter. Twin Capital Management Inc.’s holdings in Textron were worth $1,596,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TXT. JPMorgan Chase & Co. grew its position in Textron by 27.7% in the 1st quarter. JPMorgan Chase & Co. now owns 4,596,887 shares of the aerospace company’s stock valued at $324,678,000 after purchasing an additional 997,119 shares during the period. Man Group plc bought a new position in Textron during the 4th quarter valued at $64,467,000. Adage Capital Partners GP L.L.C. lifted its stake in Textron by 93.7% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,474,191 shares of the aerospace company’s stock valued at $115,193,000 after acquiring an additional 713,169 shares in the last quarter. Swiss National Bank bought a new position in Textron during the 3rd quarter valued at $50,696,000. Finally, BlackRock Inc. lifted its stake in Textron by 2.9% during the 1st quarter. BlackRock Inc. now owns 18,231,026 shares of the aerospace company’s stock valued at $1,287,657,000 after acquiring an additional 519,468 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Trading Up 0.4 %

Shares of TXT opened at $92.58 on Friday. The business has a 50-day moving average of $91.53 and a 200 day moving average of $83.27. Textron Inc. has a fifty-two week low of $61.27 and a fifty-two week high of $97.33. The firm has a market cap of $17.81 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 1.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.03 and a current ratio of 1.92.

Textron (NYSE:TXT) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.07. Textron had a return on equity of 16.05% and a net margin of 6.73%. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter last year, the firm posted $1.07 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research analysts forecast that Textron Inc. will post 6.27 EPS for the current year.

Textron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date was Thursday, March 14th. Textron’s payout ratio is presently 1.75%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group raised their price objective on Textron from $77.00 to $81.00 and gave the company a “sell” rating in a research note on Friday, January 26th. StockNews.com upgraded Textron from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Bank of America upgraded Textron from a “neutral” rating to a “buy” rating and raised their price objective for the company from $85.00 to $105.00 in a research note on Friday, March 8th. Citigroup raised their price objective on Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, The Goldman Sachs Group lifted their target price on Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Textron presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.63.

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.