GSA Capital Partners LLP Purchases 8,188 Shares of Textron Inc. (NYSE:TXT)

GSA Capital Partners LLP raised its stake in shares of Textron Inc. (NYSE:TXT) by 144.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 13,862 shares of the aerospace company’s stock after acquiring an additional 8,188 shares during the period. GSA Capital Partners LLP’s holdings in Textron were worth $1,228,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cetera Investment Advisers lifted its stake in Textron by 579.5% during the 1st quarter. Cetera Investment Advisers now owns 50,684 shares of the aerospace company’s stock valued at $4,862,000 after acquiring an additional 43,225 shares in the last quarter. Virtu Financial LLC lifted its stake in Textron by 259.2% during the 1st quarter. Virtu Financial LLC now owns 17,367 shares of the aerospace company’s stock valued at $1,666,000 after acquiring an additional 12,532 shares in the last quarter. Easterly Investment Partners LLC lifted its stake in Textron by 87.7% during the 3rd quarter. Easterly Investment Partners LLC now owns 41,305 shares of the aerospace company’s stock valued at $3,659,000 after acquiring an additional 19,304 shares in the last quarter. Atria Investments Inc bought a new position in Textron during the 1st quarter valued at $1,204,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Textron by 13.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 495,411 shares of the aerospace company’s stock valued at $43,884,000 after acquiring an additional 57,967 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TXT shares. Morgan Stanley lowered Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 target price for the company. in a research report on Thursday, August 8th. Robert W. Baird decreased their target price on Textron from $109.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. TD Cowen lowered Textron from a “buy” rating to a “hold” rating and decreased their target price for the company from $103.00 to $95.00 in a research report on Wednesday, September 25th. Bank of America raised their target price on Textron from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, UBS Group decreased their target price on Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Textron has an average rating of “Moderate Buy” and an average target price of $101.56.

Textron Stock Down 1.7 %

TXT stock opened at $86.10 on Friday. The company has a current ratio of 1.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $86.41 and its 200 day moving average is $87.30. The stock has a market cap of $15.97 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. Textron Inc. has a 1-year low of $74.13 and a 1-year high of $97.33.

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

Textron Dividend Announcement

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

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.