Foundations Investment Advisors LLC Has $363,000 Stock Position in Textron Inc. (NYSE:TXT)

Foundations Investment Advisors LLC increased its stake in Textron Inc. (NYSE:TXT) by 21.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,103 shares of the aerospace company’s stock after purchasing an additional 721 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Textron were worth $363,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TXT. Wedge Capital Management L L P NC bought a new position in shares of Textron in the 2nd quarter valued at about $64,319,000. Canada Pension Plan Investment Board increased its position in Textron by 1,611.9% during the first quarter. Canada Pension Plan Investment Board now owns 433,100 shares of the aerospace company’s stock worth $41,547,000 after buying an additional 407,800 shares during the last quarter. LSV Asset Management raised its stake in Textron by 6.9% in the first quarter. LSV Asset Management now owns 4,053,050 shares of the aerospace company’s stock valued at $388,809,000 after buying an additional 260,003 shares during the period. Brandes Investment Partners LP lifted its position in shares of Textron by 20.0% in the second quarter. Brandes Investment Partners LP now owns 1,549,551 shares of the aerospace company’s stock valued at $133,096,000 after buying an additional 258,778 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Textron by 206.7% during the 1st quarter. BNP Paribas Financial Markets now owns 352,868 shares of the aerospace company’s stock worth $33,851,000 after acquiring an additional 237,817 shares during the period. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Trading Up 1.1 %

Shares of NYSE:TXT opened at $82.35 on Friday. The company has a market capitalization of $15.43 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.43 and a beta of 1.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.79 and a quick ratio of 0.81. The business’s 50 day simple moving average is $87.70 and its 200 day simple moving average is $88.09. Textron Inc. has a 1 year low of $74.13 and a 1 year high of $97.33.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, October 24th. The aerospace company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.06). Textron had a return on equity of 16.41% and a net margin of 6.67%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the business posted $1.49 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, research analysts anticipate that Textron Inc. will post 6.1 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. Textron’s dividend payout ratio is 1.69%.

Analyst Ratings Changes

Several equities research analysts have issued reports on TXT shares. Citigroup raised their price target on Textron from $111.00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Bank of America raised their target price on shares of Textron from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 12th. UBS Group cut their price objective on shares of Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research report on Friday. Finally, Robert W. Baird decreased their target price on Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $101.56.

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.