Boston Advisors LLC Decreases Stock Holdings in Textron Inc. (NYSE:TXT)

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Boston Advisors LLC reduced its stake in shares of Textron Inc. (NYSE:TXT) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the aerospace company’s stock after selling 200 shares during the quarter. Boston Advisors LLC’s holdings in Textron were worth $318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Osborn Williams & Donohoe LLC purchased a new stake in Textron in the first quarter valued at about $25,000. NEXT Financial Group Inc purchased a new stake in Textron in the second quarter valued at about $32,000. Trust Co. of Vermont purchased a new stake in Textron in the second quarter valued at about $42,000. Rational Advisors LLC raised its stake in Textron by 120.1% in the first quarter. Rational Advisors LLC now owns 929 shares of the aerospace company’s stock valued at $47,000 after buying an additional 507 shares during the last quarter. Finally, Twin Tree Management LP raised its stake in Textron by 101.5% in the first quarter. Twin Tree Management LP now owns 1,035 shares of the aerospace company’s stock valued at $52,000 after buying an additional 68,135 shares during the last quarter. Hedge funds and other institutional investors own 85.04% of the company’s stock.

Textron stock opened at $43.36 on Friday. The stock has a 50-day moving average of $50.08 and a two-hundred day moving average of $51.18. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 2.17. Textron Inc. has a one year low of $42.53 and a one year high of $72.87. The stock has a market cap of $9.92 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 1.22 and a beta of 1.74.

Textron (NYSE:TXT) last announced its quarterly earnings data on Wednesday, July 17th. The aerospace company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.43 billion. Textron had a return on equity of 15.55% and a net margin of 9.07%. The company’s revenue was down 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 earnings per share. As a group, sell-side analysts predict that Textron Inc. will post 3.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Thursday, September 12th. Textron’s dividend payout ratio is presently 2.40%.

Separately, ValuEngine cut Textron from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $59.29.

Textron Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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