Entropy Technologies LP Buys Shares of 10,816 Textron Inc. (NYSE:TXT)

Entropy Technologies LP bought a new position in Textron Inc. (NYSE:TXT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,816 shares of the aerospace company’s stock, valued at approximately $827,000.

A number of other institutional investors and hedge funds have also modified their holdings of TXT. Robeco Institutional Asset Management B.V. boosted its position in Textron by 3.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 511,770 shares of the aerospace company’s stock worth $39,145,000 after acquiring an additional 16,359 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Textron by 0.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 475,420 shares of the aerospace company’s stock worth $36,365,000 after purchasing an additional 4,381 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Textron by 18.0% during the third quarter. Wellington Management Group LLP now owns 401,475 shares of the aerospace company’s stock worth $35,563,000 after purchasing an additional 61,248 shares during the period. BNP Paribas Financial Markets grew its position in Textron by 14.7% during the third quarter. BNP Paribas Financial Markets now owns 398,366 shares of the aerospace company’s stock valued at $35,287,000 after purchasing an additional 50,936 shares in the last quarter. Finally, National Pension Service increased its stake in Textron by 2.6% in the 3rd quarter. National Pension Service now owns 368,481 shares of the aerospace company’s stock valued at $32,640,000 after buying an additional 9,491 shares during the period. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Trading Up 0.1 %

Shares of NYSE:TXT opened at $74.03 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 1.83. The stock’s 50-day moving average is $77.78 and its 200-day moving average is $83.58. The company has a market cap of $13.73 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.23 and a beta of 1.27. Textron Inc. has a 52-week low of $73.50 and a 52-week high of $97.33.

Textron (NYSE:TXT) last issued its quarterly 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. Textron had a return on equity of 14.92% and a net margin of 6.01%. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the business posted $1.60 EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. Equities research analysts predict that Textron Inc. will post 6.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Cowen raised Textron to a “hold” rating in a research report on Thursday, December 19th. Citigroup lowered their price target on Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Bank of America lowered shares of Textron from a “buy” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $85.00 in a research report on Friday, January 24th. Robert W. Baird decreased their target price on shares of Textron from $100.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Finally, Morgan Stanley reduced their price objective on shares of Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Textron has an average rating of “Moderate Buy” and a consensus 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.