GSA Capital Partners LLP Buys 8,188 Shares of Textron Inc. (NYSE:TXT)

GSA Capital Partners LLP raised its stake in Textron Inc. (NYSE:TXT) by 144.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,862 shares of the aerospace company’s stock after acquiring an additional 8,188 shares during the quarter. GSA Capital Partners LLP’s holdings in Textron were worth $1,228,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of Textron in the second quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Textron in the second quarter valued at approximately $30,000. Oakworth Capital Inc. acquired a new position in shares of Textron in the second quarter valued at approximately $31,000. Family Firm Inc. acquired a new position in shares of Textron in the second quarter valued at approximately $40,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Textron in the third quarter valued at approximately $42,000. Institutional investors own 86.03% of the company’s stock.

Textron Stock Performance

Shares of TXT stock opened at $86.10 on Friday. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. Textron Inc. has a 52 week low of $74.13 and a 52 week high of $97.33. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $86.41 and a 200-day moving average of $87.30.

Textron (NYSE:TXT) last announced its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.09). Textron had a return on equity of 16.02% and a net margin of 6.30%. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the business earned $1.49 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Textron Inc. will post 5.52 earnings per share for the current year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th 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 is Friday, December 13th. Textron’s dividend payout ratio is currently 1.76%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Textron from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Citigroup increased their target price on shares of Textron from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Robert W. Baird decreased their target price on shares of Textron from $109.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Morgan Stanley downgraded shares of Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 target price for the company. in a research report on Thursday, August 8th. Finally, Bank of America increased their target price on shares of Textron from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.56.

About Textron

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.