V Square Quantitative Management LLC Acquires 141 Shares of Textron Inc. (NYSE:TXT)

V Square Quantitative Management LLC increased its position in shares of Textron Inc. (NYSE:TXT) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,611 shares of the aerospace company’s stock after purchasing an additional 141 shares during the period. V Square Quantitative Management LLC’s holdings in Textron were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Empirical Finance LLC raised its holdings in Textron by 1.7% in the 3rd quarter. Empirical Finance LLC now owns 7,047 shares of the aerospace company’s stock valued at $624,000 after acquiring an additional 115 shares in the last quarter. Apollon Wealth Management LLC grew its position in Textron by 4.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 2,655 shares of the aerospace company’s stock worth $235,000 after acquiring an additional 125 shares during the last quarter. Pflug Koory LLC grew its position in Textron by 0.9% during the 4th quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company’s stock worth $1,054,000 after acquiring an additional 125 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in Textron by 5.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company’s stock worth $228,000 after acquiring an additional 163 shares during the last quarter. Finally, Creative Planning grew its position in shares of Textron by 0.4% in the 3rd quarter. Creative Planning now owns 37,304 shares of the aerospace company’s stock valued at $3,304,000 after buying an additional 165 shares during the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TXT shares. Susquehanna reduced their price target on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Robert W. Baird dropped their price target on Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Bank of America downgraded Textron from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $110.00 to $85.00 in a research note on Friday, January 24th. Finally, UBS Group dropped their price target on Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $93.45.

Textron Stock Performance

TXT stock opened at $72.35 on Tuesday. The firm has a market cap of $13.42 billion, a PE ratio of 16.79, a P/E/G ratio of 1.23 and a beta of 1.27. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average of $76.93 and a 200-day moving average of $83.04. Textron Inc. has a 12-month low of $72.03 and a 12-month high of $97.33.

Textron (NYSE:TXT) last released its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. Textron had a return on equity of 14.92% and a net margin of 6.01%. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the company posted $1.60 earnings per share. Textron’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, sell-side analysts expect that Textron Inc. will post 6.1 earnings per share for the current year.

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.