Textron (TXT) : Scoria Capital Partners Lp added new position in Textron during the most recent quarter end. The investment management firm now holds 150,100 shares of Textron which is valued at $5,885,421 , the company said in a statement filed on Aug 15, 2016 with the SEC.Textron makes up approximately 3.95% of Scoria Capital Partners Lp’s portfolio.
Other Hedge Funds, Including , New York Life Trust Co reduced its stake in TXT by selling 2,348 shares or 94.91% in the most recent quarter. The Hedge Fund company now holds 126 shares of TXT which is valued at $4,940. Textron makes up approx 0.02% of New York Life Trust Co’s portfolio.Profund Advisors boosted its stake in TXT in the latest quarter, The investment management firm added 2,370 additional shares and now holds a total of 7,882 shares of Textron which is valued at $309,053. Textron makes up approx 0.01% of Profund Advisors’s portfolio. Globeflex Capital L P sold out all of its stake in TXT during the most recent quarter. The investment firm sold 11,669 shares of TXT which is valued $457,541.Checchi Capital Advisers reduced its stake in TXT by selling 46 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 1,547 shares of TXT which is valued at $61,602. Textron makes up approx 0.02% of Checchi Capital Advisers’s portfolio. Quantres Asset Management Ltd added TXT to its portfolio by purchasing 13,000 company shares during the most recent quarter which is valued at $517,660. Textron makes up approx 0.31% of Quantres Asset Management Ltd’s portfolio.
Textron closed down -0.04 points or -0.10% at $40.81 with 13,78,260 shares getting traded on Thursday. Post opening the session at $40.88, the shares hit an intraday low of $40.25 and an intraday high of $40.91 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Textron reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.64. The company had revenue of $3511.00 million for the quarter, compared to analysts expectations of $3367.30 million. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.
Investors should note that on Jul 26, 2016, Textron announced a cash dividend of $0.0200. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Oct 1, 2016.
Many Wall Street Analysts have commented on Textron. Textron was Initiated by Morgan Stanley to “Underweight” on Jun 23, 2016.
Textron Inc. is a multi-industry company engaged in aircraft defense industrial and finance businesses to provide customers with products and services worldwide. It operates in five segments: Textron Aviation Bell Textron Systems Industrial and Finance. Textron Aviation manufactures sells and services Beechcraft and Cessna aircraft and services the Hawker brand of business jets. Bell Helicopter is a supplier of military and commercial helicopters tiltrotor aircraft and related spare parts and services in the world. Textron Systems product lines consist of unmanned aircraft systems marine and land systems weapons and sensors simulation training and other defense and aviation mission support products and services. The Industrial segment designs and manufactures a range of products under three principal product lines. The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.