Twin Capital Management Inc. Sells 13,700 Shares of Textron Inc. (NYSE:TXT)

Twin Capital Management Inc. lessened its holdings in Textron Inc. (NYSE:TXT) by 40.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Metis Global Partners LLC boosted its stake in shares of Textron by 12.8% in the 3rd quarter. Metis Global Partners LLC now owns 10,189 shares of the aerospace company’s stock valued at $796,000 after purchasing an additional 1,158 shares during the last quarter. LSV Asset Management boosted its stake in Textron by 7.6% during the 3rd quarter. LSV Asset Management now owns 3,271,771 shares of the aerospace company’s stock worth $255,656,000 after acquiring an additional 230,560 shares during the last quarter. Deutsche Bank AG boosted its stake in Textron by 36.9% during the 3rd quarter. Deutsche Bank AG now owns 542,193 shares of the aerospace company’s stock worth $42,367,000 after acquiring an additional 146,055 shares during the last quarter. AustralianSuper Pty Ltd boosted its stake in Textron by 13.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 98,773 shares of the aerospace company’s stock worth $7,943,000 after acquiring an additional 11,510 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Textron by 269.1% during the 4th quarter. SG Americas Securities LLC now owns 20,896 shares of the aerospace company’s stock worth $1,680,000 after acquiring an additional 15,235 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron Stock Performance

Shares of TXT stock opened at $92.58 on Friday. 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 Inc. has a 52 week low of $61.27 and a 52 week high of $97.33. The company has a market capitalization 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’s 50 day moving average price is $91.53 and its two-hundred day moving average price is $83.27.

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

Textron Announces Dividend

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

Analyst Ratings Changes

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

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.