Massmutual Trust Co. FSB ADV Has $43,000 Stock Position in Textron Inc. (NYSE:TXT)

Massmutual Trust Co. FSB ADV reduced its stake in Textron Inc. (NYSE:TXT) by 68.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 451 shares of the aerospace company’s stock after selling 970 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Textron were worth $43,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CVA Family Office LLC acquired a new position in shares of Textron during the fourth quarter worth approximately $29,000. Trust Co. of Vermont bought a new stake in Textron during the third quarter worth $37,000. Morton Brown Family Wealth LLC bought a new stake in Textron during the fourth quarter worth $40,000. Jones Financial Companies Lllp grew its holdings in Textron by 200.0% during the fourth quarter. Jones Financial Companies Lllp now owns 507 shares of the aerospace company’s stock worth $41,000 after buying an additional 338 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Textron by 677.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 544 shares of the aerospace company’s stock worth $44,000 after buying an additional 474 shares in the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Stock Performance

Shares of TXT opened at $86.74 on Friday. The stock’s 50-day simple moving average is $87.93 and its 200 day simple moving average is $86.68. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.37 and a beta of 1.28. 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 Inc. has a 52-week low of $64.42 and a 52-week high of $97.33.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, April 25th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.08). Textron had a return on equity of 16.30% and a net margin of 6.75%. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the company posted $1.05 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Research analysts forecast 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. Shareholders of record on Friday, June 14th will be issued a $0.02 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Textron’s payout ratio is currently 1.71%.

Analyst Upgrades and Downgrades

TXT has been the subject of a number of recent analyst reports. Susquehanna reduced their price objective on Textron from $110.00 to $105.00 and set a “positive” rating for the company in a research note on Friday, April 26th. The Goldman Sachs Group upped their price objective on Textron from $103.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. StockNews.com downgraded Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Citigroup upped their price objective on Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Bank of America raised Textron from a “neutral” rating to a “buy” rating and upped their price target for the company from $85.00 to $105.00 in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Textron currently has a consensus rating of “Moderate Buy” and an average price target of $99.29.

Insider Buying and Selling at Textron

In other Textron news, Director Kathleen M. Bader sold 11,870 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $87.91, for a total value of $1,043,491.70. Following the sale, the director now owns 3,756 shares of the company’s stock, valued at approximately $330,189.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

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.