Textron Inc. (NYSE:TXT) Stock Holdings Lessened by Fox Run Management L.L.C.

Fox Run Management L.L.C. cut its stake in shares of Textron Inc. (NYSE:TXT) by 11.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,148 shares of the aerospace company’s stock after selling 937 shares during the period. Fox Run Management L.L.C.’s holdings in Textron were worth $547,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TXT. Pflug Koory LLC grew its holdings in shares of Textron by 0.9% during the 4th quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company’s stock valued at $1,054,000 after acquiring an additional 125 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Textron by 5.7% in the fourth quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company’s stock valued at $200,000 after purchasing an additional 141 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Textron by 5.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company’s stock worth $228,000 after purchasing an additional 163 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Textron by 4.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 4,272 shares of the aerospace company’s stock worth $327,000 after purchasing an additional 169 shares in the last quarter. Finally, Uncommon Cents Investing LLC lifted its holdings in shares of Textron by 2.2% during the 4th quarter. Uncommon Cents Investing LLC now owns 7,985 shares of the aerospace company’s stock valued at $611,000 after buying an additional 175 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Insider Activity at Textron

In other news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $72.68, for a total transaction of $396,178.68. Following the sale, the vice president now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Textron Stock Performance

TXT opened at $74.23 on Tuesday. Textron Inc. has a 12-month low of $70.14 and a 12-month high of $97.34. The firm has a market capitalization of $13.48 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The stock’s 50 day moving average price is $74.83 and its two-hundred day moving average price is $80.51. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. Textron had a net margin of 6.01% and a return on equity of 14.92%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. Textron’s revenue was down 7.2% compared to the same quarter last year. On average, equities analysts forecast 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, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Friday, March 14th. Textron’s dividend payout ratio (DPR) is presently 1.86%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Robert W. Baird dropped their price target on shares of Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Vertical Research raised shares of Textron from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Monday, January 6th. Morgan Stanley lowered their target price on shares of Textron from $86.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Finally, Susquehanna reduced their price target on Textron from $100.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.45.

About Textron

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.