Horizon Investments LLC disclosed to the Securities and Exchange Commission in its most recent filing that its holdings in Textron INC (NYSE: TXT) increased by 33.7% during the third quarter.
The organization had 5,712 shares of stock in the aerospace company following the purchase of an additional 1,440 shares throughout the previous period.
According to Horizon Investments LLC, the value of Textron as of the end of the most recent financial quarter was $333,000.
A few hedge funds have made recent adjustments to the total number of shares of stock that they are currently holding.
During the first three months of the current fiscal year, the State of Pennsylvania Public School Employees Retirement System increased the percentage of Textron stock in its portfolio by 6.6%. Following the acquisition of an additional 1,826 shares of the aerospace company during the preceding quarter, the State of Pennsylvania Public School Empls Retreat SYS now has 29,493 shares of ownership.
These shares are currently worth a total of $2,194,000 as of right now. Over the first three months of the year, Great West Life Insurance Company of Canada increased the percentage of Textron stock owned by 0.9%. Great West Life Assurance Company of Canada now has 55,591 shares of the aerospace company’s stock, currently valued at $4,331,000, following the purchase of an additional 500 shares during the most recent quarter.
These shares were purchased at a price equal to the company’s current market price.
During the first three months of the year, Yousif Capital Management LLC increased the percentage of Textron stock owned by 0.7%. Yousif Capital Management LLC now has 26,689 shares of the aerospace company’s stock, currently valued at $1,985,000, after purchasing an additional 175 shares during the most recent quarter.
During the first three months of the year, Vanguard Group INC increased the percentage of Textron stock owned by 0.8%.
After purchasing an additional 177,502 shares during the most recent quarter, Vanguard Group INC now has a total holdings value of $1,748,161,000 and a share count of 23,503,096 in the aerospace company’s stock.
This brings the total value of its holdings to $1,748,161,000.
And finally, during the first three months of this year, Covestor Ltd added 52.6 percentage points to the amount of Textron stock it owned.
After purchasing an additional 519 shares during the most recent quarter, Covestor Ltd now holds 1,506 shares of the aerospace company’s stock, which has a value of $112,000 as of the end of the most recent quarter (down from 2,000).
The company’s shares are held in institutional ownership to the extent that 84.69% of the total are held.
In other news, on Tuesday, February 21, Scott C.
Donnelly, the company’s Chief Executive Officer, sold 222,319 shares of the company’s stock.
This was reported in a press release.
Because the stock was sold at a price higher than the transaction’s weighted average of $73.35, the total value of the transaction came to be $16,307,098.65. Following the completion of the sale, the chief executive officer will have a direct ownership stake in 683,136 company shares, each of which is estimated to be worth approximately $50,108,025.60. You can find a copy of the filing that disclosed the transaction on the Securities and Exchange Commission (SEC) website.
The filing described the transaction.
The Chief Financial Officer of Textron, Frank T. Connor, sold 63,361 shares of the company’s stock on February 21.
This development is related to other Textron-related news.
It was determined that the price of each share would be $73.35 on average, bringing the total amount paid for those shares to $4,647,529.35.
The completion of the transaction resulted in the chief financial officer gaining ownership of 151,455 shares.
Based on the current market price, these shares have a value of approximately $11,109,224.25. Following this link will take you to a document submitted to the Securities and Exchange Commission (SEC).
The document contains an in-depth explanation of the transaction that was reported to the SEC.
Additionally, on February 21, 222,319 shares of the company’s stock were sold by Scott C.
Donnelly, who serves as the company’s Chief Executive Officer.
Because the stock was sold at a price higher than the transaction’s weighted average of $73.35, the total value of the transaction came to be $16,307,098.65. Following the successful conclusion of the transaction, the Chief Executive Officer (CEO) now has ownership of a total of 683,136 shares in the company.
These shares have an approximate value of $50,108,025.60.
Disclosures related to the sale might be found in this website section.
At this time, company insiders hold ownership of 1.50 percent of the outstanding shares of stock.
On Thursday, the opening price of a TXT stock share was $73.19.
This price was maintained throughout the trading day.
The company has a PE ratio currently sitting at 18.25, a P/E/G ratio currently sitting at 1.31, and a beta currently sitting at 1.48.
The market capitalization of the company is currently sitting at $15.02 billion at this time.
The debt-to-equity ratio is 0.50, the current ratio is 2.19, and the quick ratio is 1.22.
These numbers indicate that the company is financially stable.
The price of the stock’s simple moving average over the past 50 days is $71.95, and its simple moving average over the past 200 days is $68.14, respectively.
Textron INC’s share price has been as low as $57.11 and as high as $76.11 over the past year, with a low of $57.11 and a high of $76.11, respectively.
Textron, whose shares are traded on the New York Stock Exchange (NYSE) under the TXT ticker, disclosed its most recent earnings on January 25.
The aerospace company reported earnings of $1.07 per share for the quarter, which was $0.06 more than the consensus estimate of $0.01 per share among industry analysts.
These analysts had anticipated the company would report earnings of $0.01.
The actual revenue for the quarter was $3.64 billion, which was higher than the consensus estimate of $3.60 billion for the revenue generated during the quarter.
Textron achieved a return on equity of 12.50%, and the company’s net margin was 6.69% at the end of the fiscal year.
The results of the company’s most recent quarter showed a 9.5% increase in sales compared to the same quarter’s results from the year before.
The company made a profit of $0.94 per share during the same period in the previous year.
Equity market analysts forecast that Textron INC will produce earnings per share of $4.97 for the current financial year.
In addition, the company has declared a quarterly dividend, which will be disbursed on the first Saturday of April each year.
Those shareholders who have their shares registered with the company as of March 10 will be eligible to receive a dividend payment of $0.02 per share that will be distributed to them.
This Thursday, March 9, marks the last day dividends will be distributed to shareholders.
As a direct result, the dividend yield has been calculated to be 0.11%, and the annual dividend has been calculated to be $0.08.
Textron has a dividend payout ratio, or DPR, of 2.00%.
This ratio is also known as the dividend payout percentage.
Separately, in a research note published on Thursday, December 15, Goldman Sachs Group raised their price objective on Textron from $84.00 to $93.00 and upgraded the stock from a “buy” rating to a “strong-buy” rating.
Both of these moves were made about the company’s stock.
Two analysts have suggested that investors maintain their current position in the stock, while three others have rated a purchase of it as a buy, and a single analyst has rated a purchase of it as a strong buy.
The company has been given an average rating of “Moderate Buy” by the website Bloomberg.com, and the website’s consensus target price is $81.67.