Natixis Advisors L.P. Has $14.80 Million Stock Position in Textron Inc. (NYSE:TXT)

Natixis Advisors L.P. boosted its holdings in shares of Textron Inc. (NYSE:TXT) by 80.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 183,995 shares of the aerospace company’s stock after acquiring an additional 82,311 shares during the quarter. Natixis Advisors L.P.’s holdings in Textron were worth $14,796,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC acquired a new position in shares of Textron during the 4th quarter worth approximately $29,000. Trust Co. of Vermont acquired a new position in shares of Textron in the third quarter valued at $37,000. Morton Brown Family Wealth LLC acquired a new stake in shares of Textron during the 4th quarter worth about $40,000. Provence Wealth Management Group bought a new stake in shares of Textron during the 3rd quarter worth about $39,000. Finally, Quent Capital LLC grew its stake in Textron by 29.2% in the 4th quarter. Quent Capital LLC now owns 633 shares of the aerospace company’s stock valued at $51,000 after buying an additional 143 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron Stock Up 1.5 %

TXT stock opened at $86.90 on Tuesday. Textron Inc. has a 52 week low of $61.27 and a 52 week high of $97.33. The business has a 50-day simple moving average of $92.10 and a 200 day simple moving average of $84.22. The company has a quick ratio of 0.84, a current ratio of 1.81 and a debt-to-equity ratio of 0.46. The company has a market cap of $16.57 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.32.

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

Textron Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America upgraded shares of Textron from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $105.00 in a research report on Friday, March 8th. The Goldman Sachs Group boosted their price target on Textron from $103.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. UBS Group increased their price objective on Textron from $77.00 to $81.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. Citigroup boosted their target price on shares of Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Susquehanna lowered their price target on shares of Textron from $110.00 to $105.00 and set a “positive” rating on the stock in a research report on Friday, April 26th. One investment 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.