Aigen Investment Management LP Invests $617,000 in Textron Inc. (NYSE:TXT)

Aigen Investment Management LP acquired a new position in Textron Inc. (NYSE:TXT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,065 shares of the aerospace company’s stock, valued at approximately $617,000.

A number of other institutional investors have also made changes to their positions in the business. US Bancorp DE grew its position in Textron by 0.8% during the third quarter. US Bancorp DE now owns 25,256 shares of the aerospace company’s stock worth $2,237,000 after buying an additional 192 shares in the last quarter. Farther Finance Advisors LLC grew its position in Textron by 90.0% during the third quarter. Farther Finance Advisors LLC now owns 1,706 shares of the aerospace company’s stock worth $151,000 after buying an additional 808 shares in the last quarter. National Pension Service grew its position in Textron by 2.6% during the third quarter. National Pension Service now owns 368,481 shares of the aerospace company’s stock worth $32,640,000 after buying an additional 9,491 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Textron by 0.4% during the third quarter. Asset Management One Co. Ltd. now owns 80,268 shares of the aerospace company’s stock worth $7,110,000 after buying an additional 332 shares in the last quarter. Finally, Radnor Capital Management LLC acquired a new stake in Textron during the third quarter worth about $1,302,000. 86.03% of the stock is currently owned by institutional investors.

Textron Stock Up 1.3 %

Shares of TXT opened at $73.34 on Friday. The company has a market capitalization of $13.39 billion, a P/E ratio of 17.02, a PEG ratio of 1.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. Textron Inc. has a one year low of $70.14 and a one year high of $97.33. The business’s 50 day simple moving average is $75.45 and its 200-day simple moving average is $81.97.

Textron (NYSE:TXT) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. Textron’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 EPS. As a group, sell-side analysts predict that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.11%. The ex-dividend date is Friday, March 14th. Textron’s dividend payout ratio (DPR) is presently 1.86%.

Insider Buying and Selling

In related news, VP Mark S. Bamford sold 5,451 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 owns 18,223 shares in the company, valued at $1,324,447.64. The trade was a 23.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TXT shares. Susquehanna decreased their target price on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Barclays decreased their price objective on Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Vertical Research raised Textron from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Monday, January 6th. TD Cowen raised Textron to a “hold” rating in a report on Monday, February 24th. Finally, Citigroup decreased their price objective on Textron from $118.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Textron currently has a consensus rating of “Moderate Buy” and an average price target of $93.45.

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.