Maryland State Retirement & Pension System Has $791,000 Stock Holdings in Textron Inc. (NYSE:TXT)

Maryland State Retirement & Pension System decreased its holdings in shares of Textron Inc. (NYSE:TXT) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,343 shares of the aerospace company’s stock after selling 523 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Textron were worth $791,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TXT. Pflug Koory LLC boosted its holdings in Textron by 0.9% in the fourth quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company’s stock worth $1,054,000 after purchasing an additional 125 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Textron by 5.7% in the fourth quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company’s stock worth $200,000 after buying an additional 141 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of 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 in the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of Textron by 4.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 4,272 shares of the aerospace company’s stock valued at $327,000 after acquiring an additional 169 shares during the last quarter. Finally, Uncommon Cents Investing LLC raised its stake in shares of Textron by 2.2% in the 4th quarter. Uncommon Cents Investing LLC now owns 7,985 shares of the aerospace company’s stock valued at $611,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron Trading Up 1.6 %

Textron stock opened at $74.23 on Tuesday. Textron Inc. has a 12 month low of $70.14 and a 12 month high of $97.34. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The business has a 50 day moving average price of $74.83 and a two-hundred day moving average price of $80.51. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT) last issued its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. Textron’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the business earned $1.60 earnings per share. As a group, equities analysts forecast that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. Textron’s payout ratio is currently 1.86%.

Insider Buying and Selling

In other news, VP Mark S. Bamford sold 5,451 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $72.68, for a total value of $396,178.68. Following the completion of the transaction, the vice president now directly owns 18,223 shares of the company’s stock, valued at approximately $1,324,447.64. This represents a 23.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TXT shares. Citigroup lowered their price target on Textron from $118.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Barclays lowered their target price on shares of Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. TD Cowen upgraded shares of Textron to a “hold” rating in a report on Monday, February 24th. Morgan Stanley decreased their price target on shares of Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Finally, Bank of America lowered Textron from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $85.00 in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.45.

Textron Company 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.