Cerebellum GP LLC Acquires 10,272 Shares of Textron Inc. (NYSE:TXT)

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Cerebellum GP LLC increased its holdings in shares of Textron Inc. (NYSE:TXT) by 436.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,625 shares of the aerospace company’s stock after purchasing an additional 10,272 shares during the period. Cerebellum GP LLC’s holdings in Textron were worth $563,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. AE Wealth Management LLC bought a new position in shares of Textron during the 4th quarter valued at about $239,000. Guardian Investment Management bought a new stake in Textron in the 4th quarter valued at approximately $948,000. Pflug Koory LLC lifted its stake in Textron by 1.2% in the 4th quarter. Pflug Koory LLC now owns 18,636 shares of the aerospace company’s stock valued at $831,000 after acquiring an additional 225 shares in the last quarter. Tocqueville Asset Management L.P. lifted its stake in Textron by 187.6% in the 4th quarter. Tocqueville Asset Management L.P. now owns 38,129 shares of the aerospace company’s stock valued at $1,701,000 after acquiring an additional 24,871 shares in the last quarter. Finally, Trinity Street Asset Management LLP lifted its stake in Textron by 4.3% in the 4th quarter. Trinity Street Asset Management LLP now owns 687,596 shares of the aerospace company’s stock valued at $30,666,000 after acquiring an additional 28,127 shares in the last quarter. Institutional investors and hedge funds own 84.52% of the company’s stock.

NYSE TXT opened at $45.34 on Thursday. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.29 and a beta of 1.69. The stock’s 50 day moving average price is $44.88 and its two-hundred day moving average price is $47.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 2.15. Textron Inc. has a 52 week low of $42.30 and a 52 week high of $58.00.

Textron (NYSE:TXT) last announced its quarterly earnings data on Thursday, October 17th. The aerospace company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. Textron had a return on equity of 16.88% and a net margin of 6.46%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts forecast that Textron Inc. will post 3.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend was Thursday, December 12th. Textron’s dividend payout ratio is currently 2.40%.

Several equities research analysts have commented on the company. Credit Suisse Group cut their target price on Textron from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, October 18th. Robert W. Baird cut their target price on Textron from $64.00 to $58.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Bank of America cut Textron from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. cut their target price on Textron from $56.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Finally, Zacks Investment Research cut Textron from a “hold” rating to a “strong sell” rating and set a $50.00 target price on the stock. in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $54.00.

About Textron

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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