Textron Inc. (TXT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Textron Inc. (NYSE:TXT) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,871 shares of the aerospace company’s stock after selling 1,569 shares during the quarter. SG Americas Securities LLC’s holdings in Textron were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in TXT. Centaurus Financial Inc. bought a new stake in Textron during the second quarter valued at approximately $105,000. BlueMountain Capital Management LLC bought a new stake in shares of Textron in the 2nd quarter worth approximately $139,000. First Hawaiian Bank bought a new stake in shares of Textron in the 3rd quarter worth approximately $140,000. Willingdon Wealth Management bought a new stake in shares of Textron in the 3rd quarter worth approximately $157,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Textron in the 3rd quarter worth approximately $191,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

NYSE:TXT opened at $56.73 on Tuesday. Textron Inc. has a 52 week low of $51.49 and a 52 week high of $72.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 1.11. The firm has a market cap of $13.64 billion, a P/E ratio of 23.16, a PEG ratio of 1.08 and a beta of 1.62.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, October 18th. The aerospace company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.15). Textron had a net margin of 6.11% and a return on equity of 13.72%. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. Equities research analysts expect that Textron Inc. will post 3.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 1st. Investors of record on Friday, December 14th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.14%. Textron’s dividend payout ratio is currently 3.27%.

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group set a $68.00 price objective on shares of Textron and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research lowered shares of Textron from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Morgan Stanley set a $71.00 price objective on shares of Textron and gave the stock a “hold” rating in a report on Thursday, October 11th. ValuEngine lowered shares of Textron from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Wells Fargo & Co lowered their price objective on shares of Textron from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $72.73.

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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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