Twinbeech Capital LP Grows Stock Position in Textron Inc. (NYSE:TXT)

Twinbeech Capital LP raised its position in Textron Inc. (NYSE:TXT - Free Report) by 161.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,990 shares of the aerospace company's stock after buying an additional 8,029 shares during the quarter. Twinbeech Capital LP's holdings in Textron were worth $994,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Invesco Ltd. increased its stake in Textron by 17.8% in the 4th quarter. Invesco Ltd. now owns 7,733,335 shares of the aerospace company's stock valued at $591,523,000 after buying an additional 1,167,105 shares during the period. Boston Partners increased its stake in Textron by 4.7% in the 4th quarter. Boston Partners now owns 7,483,692 shares of the aerospace company's stock valued at $572,465,000 after buying an additional 333,127 shares during the period. Geode Capital Management LLC increased its stake in Textron by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 4,595,861 shares of the aerospace company's stock valued at $350,619,000 after buying an additional 164,964 shares during the period. Brandes Investment Partners LP increased its stake in Textron by 19.4% in the 4th quarter. Brandes Investment Partners LP now owns 1,859,703 shares of the aerospace company's stock valued at $142,249,000 after buying an additional 302,712 shares during the period. Finally, Northern Trust Corp increased its stake in Textron by 9.4% in the 4th quarter. Northern Trust Corp now owns 1,803,778 shares of the aerospace company's stock valued at $137,971,000 after buying an additional 155,384 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Price Performance

Shares of NYSE:TXT traded up $2.03 on Tuesday, reaching $74.95. 267,271 shares of the company were exchanged, compared to its average volume of 1,488,148. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $94.57. 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 company has a 50-day moving average of $70.07 and a 200-day moving average of $75.12. The firm has a market cap of $13.53 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20.

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

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. Textron's dividend payout ratio is presently 1.81%.

Analyst Ratings Changes

TXT has been the topic of several recent research reports. Morgan Stanley dropped their price objective 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. Citigroup dropped their price objective on shares of Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. UBS Group boosted their price objective on shares of Textron from $62.00 to $63.00 and gave the company a "sell" rating in a research note on Monday, April 28th. Finally, TD Cowen raised shares of Textron to a "hold" rating in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Textron currently has an average rating of "Hold" and an average price target of $87.70.

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.