Moosemike why didn't you contact them and have them fix it?
Good luck with that. Since Remington bought them they have had terrible customer service. The gardner Mass plant was great to work with when you had a problem. Now they basically tell you to go pound sand and to them a rifle shooting 3-4" at 100 yards is in spec so they would just ship it back to you (in about 2-3 months).
I have a bunch of handi rifles and if you tinker with them you can usually get them to shoot, but out of the box they are a crap shoot. I've had a few shooters and a bunch that were not. I don't have any 270's so I can't help there but a few things to check, make sure the stock bolt is tight, many came from the factory loose, check latch engagement and make sure it is even all the way across, if not lightly stone the high side, you can float the forarm but some of them shoot alright with it as is, make sure you rest it just infront of the hinge not out too far on the forend, they are hold sensitive if the forend is not floated. Lastly if you reload, almost every handi rifle I've had has quite a bit of freebore, they tend to shoot best when you load the bullet out a bit. Some of the ones I've had were so long throated I could't get to the lands setting the bullet out in front of the case.