Captrust Financial Advisors Grows Position in Textron Inc. (NYSE:TXT)

Captrust Financial Advisors increased its holdings in Textron Inc. (NYSE:TXT - Free Report) by 22.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,003 shares of the aerospace company's stock after purchasing an additional 15,967 shares during the period. Captrust Financial Advisors' holdings in Textron were worth $6,731,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Pflug Koory LLC boosted its stake in shares of Textron by 0.9% in the 4th quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company's stock valued at $1,054,000 after purchasing an additional 125 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Textron by 5.7% during the 4th quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company's stock valued at $200,000 after buying an additional 141 shares during the last quarter. Syon Capital LLC raised its holdings in Textron by 4.5% during the 4th quarter. Syon Capital LLC now owns 3,538 shares of the aerospace company's stock valued at $271,000 after buying an additional 153 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in Textron by 5.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company's stock valued at $228,000 after buying an additional 163 shares during the last quarter. Finally, Motley Fool Asset Management LLC raised its holdings in Textron by 6.3% during the 4th quarter. Motley Fool Asset Management LLC now owns 2,732 shares of the aerospace company's stock valued at $209,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company's stock.

Textron Stock Performance

Shares of NYSE TXT traded down $1.42 during trading on Wednesday, reaching $75.10. 544,471 shares of the company traded hands, compared to its average volume of 1,203,071. The firm has a 50 day simple moving average of $69.93 and a 200-day simple moving average of $75.74. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $13.56 billion, a PE ratio of 17.42, a P/E/G ratio of 1.18 and a beta of 1.20. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $94.57.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The aerospace company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.11. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.26 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. Equities research analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, June 13th. This represents a $0.08 annualized dividend and a yield of 0.11%. Textron's dividend payout ratio (DPR) is 1.81%.

Insider Activity at Textron

In other Textron news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $72.68, for a total transaction of $396,178.68. Following the transaction, the vice president now owns 18,223 shares of the company's stock, valued at $1,324,447.64. The trade was a 23.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Robert W. Baird lowered their price target on shares of Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. Citigroup decreased their price objective on shares of Textron from $111.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, April 10th. TD Cowen upgraded shares of Textron to a "hold" rating in a research note on Monday, February 24th. Bank of America lowered shares of Textron from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $110.00 to $85.00 in a research note on Friday, January 24th. Finally, Morgan Stanley cut their price objective on shares of Textron from $82.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $87.70.

Textron 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.