Textron Inc. (NYSE:TXT) Stock Holdings Trimmed by Centiva Capital LP

Centiva Capital LP lessened its holdings in shares of Textron Inc. (NYSE:TXT) by 51.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,753 shares of the aerospace company’s stock after selling 10,253 shares during the quarter. Centiva Capital LP’s holdings in Textron were worth $864,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Wedge Capital Management L L P NC bought a new position in Textron in the 2nd quarter valued at about $64,319,000. Brandes Investment Partners LP lifted its stake in shares of Textron by 20.0% in the 2nd 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 period. AQR Capital Management LLC boosted its holdings 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 valued at $124,608,000 after acquiring an additional 231,173 shares in the last quarter. Fidelity National Financial Inc. acquired a new position in shares of Textron during the second quarter valued at approximately $19,748,000. Finally, Distillate Capital Partners LLC raised its holdings in Textron by 101,299.4% during the second quarter. Distillate Capital Partners LLC now owns 166,295 shares of the aerospace company’s stock worth $14,278,000 after purchasing an additional 166,131 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TXT. StockNews.com cut Textron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Robert W. Baird lowered their target price on Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price target on shares of Textron from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Monday, October 14th. TD Cowen cut shares of Textron from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $103.00 to $95.00 in a research note on Wednesday, September 25th. Finally, UBS Group cut their target price on shares of Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $101.56.

Textron Stock Down 2.3 %

Shares of NYSE:TXT opened at $83.11 on Friday. The firm has a 50 day simple moving average of $85.66 and a 200 day simple moving average of $87.06. Textron Inc. has a 52 week low of $75.70 and a 52 week high of $97.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83. The company has a market cap of $15.42 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.25.

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

Textron Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.08 annualized dividend and a yield of 0.10%. Textron’s dividend payout ratio is presently 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.