EntryPoint Capital LLC Has $554,000 Holdings in Textron Inc. (NYSE:TXT)

EntryPoint Capital LLC raised its holdings in Textron Inc. (NYSE:TXT) by 157.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,248 shares of the aerospace company’s stock after purchasing an additional 4,438 shares during the period. EntryPoint Capital LLC’s holdings in Textron were worth $554,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TXT. True Wealth Design LLC bought a new position in Textron in the 3rd quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new stake in Textron during the 4th quarter worth approximately $31,000. Eastern Bank bought a new position in Textron during the 4th quarter worth $42,000. Truvestments Capital LLC acquired a new position in Textron during the 3rd quarter worth about $43,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Textron in the 4th quarter valued at about $63,000. 86.03% of the stock is owned by institutional investors.

Insider Transactions at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction on Monday, February 24th. The stock was sold at an average price of $72.68, for a total transaction of $396,178.68. Following the sale, the vice president now directly owns 18,223 shares in the company, valued at approximately $1,324,447.64. This trade represents a 23.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TXT. JPMorgan Chase & Co. reduced their target price on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. TD Cowen raised shares of Textron to a “hold” rating in a research note on Monday, February 24th. Bank of America downgraded Textron from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $110.00 to $85.00 in a research note on Friday, January 24th. Citigroup decreased their target price on Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, Vertical Research raised Textron from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.45.

Textron Trading Up 1.6 %

NYSE:TXT opened at $74.23 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. Textron Inc. has a one year low of $70.14 and a one year high of $97.34. The company has a market cap of $13.48 billion, a PE ratio of 17.22, a PEG ratio of 1.18 and a beta of 1.27. The firm has a 50-day moving average of $74.83 and a 200-day moving average of $80.51.

Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share 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 business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the business earned $1.60 EPS. The business’s revenue was down 7.2% on a year-over-year basis. As a group, equities research analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

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

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.