Capital Analysts LLC Increases Stock Position in Textron Inc. (NYSE:TXT)

Capital Analysts LLC lifted its holdings in Textron Inc. (NYSE:TXT) by 171.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,207 shares of the aerospace company’s stock after purchasing an additional 762 shares during the period. Capital Analysts LLC’s holdings in Textron were worth $97,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Sippican Capital Advisors purchased a new stake in shares of Textron in the 4th quarter worth approximately $201,000. Cornercap Investment Counsel Inc. lifted its position in shares of Textron by 1.3% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 34,507 shares of the aerospace company’s stock worth $2,775,000 after purchasing an additional 458 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Textron in the 4th quarter worth approximately $957,000. ORG Partners LLC purchased a new stake in shares of Textron in the 4th quarter worth approximately $97,000. Finally, Morton Brown Family Wealth LLC purchased a new stake in shares of Textron in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Trading Up 0.4 %

NYSE:TXT opened at $92.58 on Friday. Textron Inc. has a 12 month low of $61.27 and a 12 month high of $97.33. The firm has a fifty day simple moving average of $91.53 and a 200-day simple moving average of $83.27. The company has a current ratio of 1.92, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $17.81 billion, a P/E ratio of 20.26, a PEG ratio of 1.45 and a beta of 1.30.

Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.53 by $0.07. Textron had a net margin of 6.73% and a return on equity of 16.05%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Textron Inc. will post 6.27 earnings per share for the current year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a dividend of $0.02 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Textron’s dividend payout ratio (DPR) is presently 1.75%.

Analyst Ratings Changes

A number of equities research analysts recently commented on TXT shares. UBS Group increased their target price on shares of Textron from $77.00 to $81.00 and gave the company a “sell” rating in a research report on Friday, January 26th. StockNews.com raised shares of Textron from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 25th. Citigroup increased their target price on shares of Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Bank of America raised shares of Textron from a “neutral” rating to a “buy” rating and increased their target price for the company from $85.00 to $105.00 in a research report on Friday, March 8th. Finally, The Goldman Sachs Group increased their target price on shares of Textron from $103.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.63.

Textron Company Profile

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.