Two Sigma Advisers LP Has $17.19 Million Holdings in Textron Inc. (TXT)

Two Sigma Advisers LP grew its position in shares of Textron Inc. (NYSE:TXT) by 287.3% during the fourth quarter, Holdings Channel reports. The fund owned 373,687 shares of the aerospace company’s stock after purchasing an additional 277,200 shares during the quarter. Two Sigma Advisers LP’s holdings in Textron were worth $17,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Primecap Management Co. CA boosted its holdings in shares of Textron by 7.6% in the 3rd quarter. Primecap Management Co. CA now owns 4,985,260 shares of the aerospace company’s stock worth $356,297,000 after buying an additional 353,242 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Textron by 11.9% in the 4th quarter. Victory Capital Management Inc. now owns 4,409,907 shares of the aerospace company’s stock worth $202,812,000 after buying an additional 470,595 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Textron by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,565,875 shares of the aerospace company’s stock worth $163,995,000 after buying an additional 30,800 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Textron by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 3,144,494 shares of the aerospace company’s stock worth $144,357,000 after buying an additional 131,360 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Textron by 29.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,701,623 shares of the aerospace company’s stock worth $124,248,000 after buying an additional 617,437 shares during the last quarter. 83.86% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Frank T. Connor sold 72,732 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $55.17, for a total transaction of $4,012,624.44. Following the sale, the chief financial officer now directly owns 186,456 shares in the company, valued at $10,286,777.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Mark S. Bamford sold 4,500 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $54.75, for a total value of $246,375.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 458,112 shares of company stock worth $25,222,635. Company insiders own 1.40% of the company’s stock.



A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Textron from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Wednesday, February 13th. Cowen reissued a “buy” rating and issued a $62.00 price target on shares of Textron in a report on Wednesday, February 27th. ValuEngine downgraded shares of Textron from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. Jefferies Financial Group set a $68.00 price target on shares of Textron and gave the stock a “buy” rating in a report on Friday, November 30th. Finally, TheStreet raised shares of Textron from a “c+” rating to a “b” rating in a report on Thursday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $67.42.

Shares of Textron stock opened at $49.97 on Monday. Textron Inc. has a 52-week low of $43.27 and a 52-week high of $72.87. The stock has a market capitalization of $11.69 billion, a P/E ratio of 14.96, a PEG ratio of 1.08 and a beta of 1.67. The company has a current ratio of 2.14, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68.

Textron (NYSE:TXT) last announced its quarterly earnings data on Thursday, January 24th. The aerospace company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.17. Textron had a return on equity of 15.51% and a net margin of 8.75%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the business posted $0.74 EPS. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Textron Inc. will post 3.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Thursday, March 14th. Textron’s dividend payout ratio is presently 2.40%.

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About Textron

Textron, Inc is a multi-industry company, which leverages global network of aircraft, defense, industrial, and finance businesses to provide customers innovative solutions and services. The company operates its business through the following segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance.

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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