Natixis Advisors L.P. Purchases 82,311 Shares of Textron Inc. (NYSE:TXT)

Natixis Advisors L.P. raised its position in shares of Textron Inc. (NYSE:TXT) by 80.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,995 shares of the aerospace company’s stock after acquiring an additional 82,311 shares during the period. Natixis Advisors L.P. owned approximately 0.09% of Textron worth $14,796,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Metis Global Partners LLC lifted its position in shares of Textron by 12.8% during the 3rd quarter. Metis Global Partners LLC now owns 10,189 shares of the aerospace company’s stock worth $796,000 after purchasing an additional 1,158 shares during the last quarter. LSV Asset Management grew its stake in shares of Textron by 7.6% in the third quarter. LSV Asset Management now owns 3,271,771 shares of the aerospace company’s stock worth $255,656,000 after acquiring an additional 230,560 shares during the last quarter. Deutsche Bank AG increased its position in Textron by 36.9% during the third quarter. Deutsche Bank AG now owns 542,193 shares of the aerospace company’s stock worth $42,367,000 after acquiring an additional 146,055 shares during the period. AustralianSuper Pty Ltd raised its stake in Textron by 13.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 98,773 shares of the aerospace company’s stock valued at $7,943,000 after purchasing an additional 11,510 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Textron by 269.1% in the 4th quarter. SG Americas Securities LLC now owns 20,896 shares of the aerospace company’s stock valued at $1,680,000 after purchasing an additional 15,235 shares during the period. 86.03% of the stock is currently owned by institutional investors.

Textron Stock Up 1.5 %

TXT opened at $86.90 on Tuesday. Textron Inc. has a twelve month low of $61.27 and a twelve month high of $97.33. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.35 and a beta of 1.32. The firm’s 50-day simple moving average is $92.10 and its 200-day simple moving average is $84.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 1.81.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, April 25th. The aerospace company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.08). Textron had a return on equity of 16.30% and a net margin of 6.75%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the prior year, the company posted $1.05 earnings per share. Textron’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that Textron Inc. will post 6.27 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, June 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Textron’s dividend payout ratio is 1.71%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Bank of America upgraded shares of Textron from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $85.00 to $105.00 in a report on Friday, March 8th. UBS Group upped their price target on Textron from $77.00 to $81.00 and gave the company a “sell” rating in a report on Friday, January 26th. StockNews.com lowered Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. The Goldman Sachs Group raised their target price on Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Citigroup boosted their price target on shares of Textron from $104.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.63.

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.