Textron Inc. (NYSE:TXT) Stock Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in shares of Textron Inc. (NYSE:TXT – Get Rating) by 63.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,164 shares of the aerospace company’s stock after selling 17,590 shares during the period. SG Americas Securities LLC’s holdings in Textron were worth $592,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Textron by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 23,503,096 shares of the aerospace company’s stock worth $1,748,161,000 after buying an additional 177,502 shares in the last quarter. State Street Corp raised its stake in shares of Textron by 0.5% in the 1st quarter. State Street Corp now owns 9,564,040 shares of the aerospace company’s stock worth $711,561,000 after buying an additional 47,344 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Textron by 36.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,318,093 shares of the aerospace company’s stock worth $202,636,000 after buying an additional 890,654 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Textron by 65.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,310,435 shares of the aerospace company’s stock worth $135,645,000 after buying an additional 915,068 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Textron by 28.5% in the 2nd quarter. FMR LLC now owns 1,738,042 shares of the aerospace company’s stock worth $106,143,000 after buying an additional 385,477 shares in the last quarter. Institutional investors own 84.69% of the company’s stock.

Analyst Upgrades and Downgrades

TXT has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on Textron from $84.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, December 15th. StockNews.com upgraded Textron from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 6th. Finally, Morgan Stanley decreased their target price on Textron from $90.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Textron currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

Textron Stock Performance

Shares of TXT stock opened at $67.85 on Monday. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.01 and a beta of 1.48. Textron Inc. has a 1-year low of $57.11 and a 1-year high of $76.11. The company has a current ratio of 2.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $70.56 and its 200-day simple moving average is $66.26.

Textron (NYSE:TXT – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The aerospace company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.12. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Textron had a return on equity of 12.40% and a net margin of 6.71%. On average, sell-side analysts predict that Textron Inc. will post 3.94 earnings per share for the current fiscal year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, January 1st. Shareholders of record on Friday, December 9th were given a $0.02 dividend. The ex-dividend date was Thursday, December 8th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. Textron’s dividend payout ratio is currently 2.07%.

Textron Profile

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Textron Inc operates in the aircraft, defense, industrial, and finance businesses. The company's 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.