Mather Group LLC. Makes New Investment in Textron Inc. (NYSE:TXT)

Mather Group LLC. bought a new stake in Textron Inc. (NYSE:TXT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 878 shares of the aerospace company’s stock, valued at approximately $84,000.

Other institutional investors and hedge funds have also modified their holdings of the company. First Hawaiian Bank boosted its holdings in Textron by 138.1% in the 1st quarter. First Hawaiian Bank now owns 13,493 shares of the aerospace company’s stock valued at $1,294,000 after purchasing an additional 7,827 shares during the period. GAMMA Investing LLC grew its position in Textron by 23.1% during the first quarter. GAMMA Investing LLC now owns 1,353 shares of the aerospace company’s stock worth $130,000 after buying an additional 254 shares in the last quarter. Capital Market Strategies LLC increased its stake in Textron by 24.4% during the 1st quarter. Capital Market Strategies LLC now owns 7,843 shares of the aerospace company’s stock worth $752,000 after acquiring an additional 1,538 shares during the period. General Partner Inc. acquired a new position in Textron in the 1st quarter valued at $60,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Textron during the 4th quarter valued at $227,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Kathleen M. Bader sold 11,870 shares of Textron stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $87.91, for a total transaction of $1,043,491.70. Following the completion of the transaction, the director now owns 3,756 shares of the company’s stock, valued at $330,189.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.70% of the company’s stock.

Textron Stock Up 0.6 %

Shares of TXT opened at $86.74 on Friday. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.37 and a beta of 1.28. Textron Inc. has a 52 week low of $64.42 and a 52 week high of $97.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 1.81. The stock has a fifty day moving average of $87.93 and a 200-day moving average of $86.68.

Textron (NYSE:TXT) last announced its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.08). The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.29 billion. Textron had a net margin of 6.75% and a return on equity of 16.30%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 earnings per share. As a group, sell-side analysts anticipate that Textron Inc. will post 6.27 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date is Friday, June 14th. Textron’s dividend payout ratio is presently 1.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com downgraded Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Citigroup boosted their target price on shares of Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Bank of America upgraded shares of Textron from a “neutral” rating to a “buy” rating and increased their price target for the stock from $85.00 to $105.00 in a research report on Friday, March 8th. The Goldman Sachs Group upped their target price on Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Susquehanna decreased their price target on Textron from $110.00 to $105.00 and set a “positive” rating on the stock in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.29.

About Textron

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.