Numerai GP LLC Invests $1.65 Million in Textron Inc. (NYSE:TXT)

Numerai GP LLC purchased a new stake in Textron Inc. (NYSE:TXT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,537 shares of the aerospace company's stock, valued at approximately $1,647,000.

Several other large investors have also made changes to their positions in TXT. SBI Securities Co. Ltd. bought a new stake in shares of Textron in the 4th quarter worth about $31,000. Eastern Bank bought a new stake in shares of Textron in the 4th quarter worth about $42,000. Optiver Holding B.V. bought a new stake in shares of Textron in the 4th quarter worth about $56,000. Golden State Wealth Management LLC bought a new stake in shares of Textron in the 4th quarter worth about $63,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Textron in the 4th quarter worth about $68,000. Institutional investors own 86.03% of the company's stock.

Insider Activity at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of the firm's stock in a transaction 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 directly owns 18,223 shares of the company's stock, valued at approximately $1,324,447.64. This trade represents a 23.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TXT has been the topic of several analyst reports. UBS Group upped their target price on shares of Textron from $62.00 to $63.00 and gave the stock a "sell" rating in a report on Monday, April 28th. Morgan Stanley lowered their target price on shares of Textron from $82.00 to $71.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Citigroup decreased their price objective on shares of Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Robert W. Baird decreased their price objective on shares of Textron from $100.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. Finally, Bank of America lowered shares of Textron from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $110.00 to $85.00 in a report on Friday, January 24th. One investment 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. According to MarketBeat.com, Textron has an average rating of "Hold" and an average price target of $87.70.

Textron Trading Up 0.9%

Textron stock traded up $0.69 during trading hours on Friday, reaching $76.69. 1,117,976 shares of the company's stock traded hands, compared to its average volume of 1,210,208. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $94.57. The firm has a market capitalization of $13.84 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.18 and a beta of 1.20. The firm's 50 day moving average is $69.99 and its 200-day moving average is $75.61.

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

Textron Dividend Announcement

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