Stevens Capital Management LP Sells 147,843 Shares of Textron Inc. (NYSE:TXT)

Stevens Capital Management LP lowered its position in Textron Inc. (NYSE:TXT) by 81.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,852 shares of the aerospace company’s stock after selling 147,843 shares during the period. Stevens Capital Management LP’s holdings in Textron were worth $1,796,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Osborn Williams & Donohoe LLC bought a new position in Textron in the 1st quarter worth approximately $25,000. NEXT Financial Group Inc bought a new position in Textron in the 2nd quarter worth approximately $32,000. Trust Co. of Vermont bought a new position in Textron in the 2nd quarter worth approximately $42,000. Rational Advisors LLC raised its position in Textron by 120.1% in the 1st quarter. Rational Advisors LLC now owns 929 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 507 shares during the last quarter. Finally, Twin Tree Management LP raised its position in Textron by 101.5% in the 1st quarter. Twin Tree Management LP now owns 1,035 shares of the aerospace company’s stock worth $52,000 after purchasing an additional 68,135 shares during the last quarter. Institutional investors own 85.04% of the company’s stock.

Separately, ValuEngine cut shares of Textron from a “hold” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Textron has an average rating of “Hold” and a consensus target price of $59.29.

Shares of TXT stock traded up $0.48 on Friday, hitting $43.84. The stock had a trading volume of 35,566 shares, compared to its average volume of 1,991,233. Textron Inc. has a twelve month low of $42.53 and a twelve month high of $72.87. The firm has a market cap of $10.45 billion, a P/E ratio of 13.12, a PEG ratio of 1.22 and a beta of 1.74. The company has a current ratio of 2.17, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average price of $50.08 and a two-hundred day moving average price of $51.18.

Textron (NYSE:TXT) last announced its quarterly earnings results on Wednesday, July 17th. The aerospace company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. Textron had a net margin of 9.07% and a return on equity of 15.55%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The firm’s revenue was down 13.4% on a year-over-year basis. On average, analysts expect that Textron Inc. will post 3.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Thursday, September 12th. Textron’s dividend payout ratio (DPR) is 2.40%.

Textron Company Profile

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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