Textron Inc. (NYSE:TXT) Shares Bought by Easterly Investment Partners LLC

Easterly Investment Partners LLC lifted its position in Textron Inc. (NYSE:TXT) by 87.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,305 shares of the aerospace company’s stock after acquiring an additional 19,304 shares during the period. Easterly Investment Partners LLC’s holdings in Textron were worth $3,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TXT. Wedge Capital Management L L P NC acquired a new stake in shares of Textron in the second quarter worth approximately $64,319,000. Canada Pension Plan Investment Board boosted its stake in shares of Textron by 1,611.9% in the first quarter. Canada Pension Plan Investment Board now owns 433,100 shares of the aerospace company’s stock worth $41,547,000 after acquiring an additional 407,800 shares during the last quarter. Brandes Investment Partners LP boosted its stake in shares of Textron by 20.0% in the second quarter. Brandes Investment Partners LP now owns 1,549,551 shares of the aerospace company’s stock worth $133,096,000 after acquiring an additional 258,778 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Textron by 18.9% in the second quarter. AQR Capital Management LLC now owns 1,451,293 shares of the aerospace company’s stock worth $124,608,000 after acquiring an additional 231,173 shares during the last quarter. Finally, Fidelity National Financial Inc. acquired a new stake in shares of Textron in the second quarter worth approximately $19,748,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TXT shares. Citigroup lifted their price objective on Textron from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Robert W. Baird reduced their price objective on Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Morgan Stanley downgraded Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 price objective on the stock. in a research report on Thursday, August 8th. Bank of America lifted their price objective on Textron from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on Textron from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.56.

Textron Trading Up 1.3 %

Shares of TXT stock traded up $1.10 on Friday, hitting $88.97. The stock had a trading volume of 167,230 shares, compared to its average volume of 1,079,534. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 0.82. The firm has a market capitalization of $16.50 billion, a P/E ratio of 19.31, a P/E/G ratio of 1.59 and a beta of 1.24. Textron Inc. has a 1 year low of $74.13 and a 1 year high of $97.33. The company’s 50 day moving average price is $86.63 and its 200-day moving average price is $87.43.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.09). The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Textron had a net margin of 6.30% and a return on equity of 16.02%. Textron’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 EPS. Analysts anticipate that Textron Inc. will post 5.52 earnings per share for the current year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be issued a $0.02 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Textron’s dividend payout ratio is presently 1.76%.

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.