Groupama Asset Managment Has $878,000 Stock Position in Textron Inc. (NYSE:TXT)

Groupama Asset Managment increased its position in shares of Textron Inc. (NYSE:TXT) by 37.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,469 shares of the aerospace company’s stock after acquiring an additional 3,097 shares during the quarter. Groupama Asset Managment’s holdings in Textron were worth $878,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Textron during the 4th quarter valued at about $31,000. Eastern Bank bought a new position in Textron in the fourth quarter valued at approximately $42,000. Golden State Wealth Management LLC acquired a new stake in Textron during the 4th quarter worth $63,000. McClarren Financial Advisors Inc. bought a new stake in shares of Textron during the 4th quarter valued at $68,000. Finally, Quarry LP acquired a new position in shares of Textron in the 3rd quarter valued at $81,000. Institutional investors own 86.03% of the company’s stock.

Insider Buying and Selling

In other news, VP Mark S. Bamford sold 5,451 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $72.68, for a total transaction of $396,178.68. Following the completion of the transaction, the vice president now directly owns 18,223 shares in the company, valued at $1,324,447.64. This represents a 23.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TXT has been the subject of a number of recent analyst reports. 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 report on Friday, January 24th. Barclays lowered their price target on Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Citigroup lowered their target price on shares of Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, Robert W. Baird reduced their price target on shares of Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.45.

Textron Price Performance

TXT stock opened at $72.48 on Thursday. The stock has a 50-day moving average price of $74.06 and a two-hundred day moving average price of $79.90. Textron Inc. has a 1 year low of $70.14 and a 1 year high of $97.34. The stock has a market cap of $13.16 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The company has a current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. Textron’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the company earned $1.60 earnings per share. Equities analysts forecast that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

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

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.