Textron Inc. (NYSE:TXT) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in Textron Inc. (NYSE:TXT - Free Report) by 6,952.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,906 shares of the aerospace company's stock after acquiring an additional 214,816 shares during the quarter. GAMMA Investing LLC owned about 0.12% of Textron worth $15,744,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TXT. SBI Securities Co. Ltd. purchased a new position in shares of Textron during the 4th quarter worth $31,000. Optiver Holding B.V. acquired a new position in Textron in the fourth quarter valued at $56,000. MassMutual Private Wealth & Trust FSB lifted its position in Textron by 123.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 842 shares of the aerospace company's stock worth $61,000 after buying an additional 465 shares during the period. Golden State Wealth Management LLC acquired a new stake in Textron in the 4th quarter worth about $63,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Textron in the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 86.03% of the company's stock.

Analyst Ratings Changes

TXT has been the subject of a number of research analyst reports. Citigroup dropped their price objective on shares of Textron from $111.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. UBS Group boosted their target price on shares of Textron from $62.00 to $63.00 and gave the company a "sell" rating in a report on Monday, April 28th. Morgan Stanley cut their price target on shares of Textron from $82.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Finally, TD Cowen raised shares of Textron to a "hold" rating in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $87.70.

Textron Trading Up 1.0%

Shares of TXT stock traded up $0.81 during mid-day trading on Tuesday, reaching $77.89. The company's stock had a trading volume of 1,403,405 shares, compared to its average volume of 1,224,421. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $14.06 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. The company's 50 day simple moving average is $70.51 and its 200-day simple moving average is $74.43. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $94.57.

Textron (NYSE:TXT - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The aerospace company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.11. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.26 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. On average, research analysts predict that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. Textron's payout ratio is currently 1.81%.

Textron Company 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.