NBC Securities Inc. Purchases 7,971 Shares of Textron Inc. (NYSE:TXT)

NBC Securities Inc. lifted its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 113,871.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,978 shares of the aerospace company's stock after acquiring an additional 7,971 shares during the period. NBC Securities Inc.'s holdings in Textron were worth $576,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Textron in the 4th quarter worth about $31,000. Optiver Holding B.V. bought a new position in Textron in the 4th quarter worth approximately $56,000. MassMutual Private Wealth & Trust FSB increased its position in Textron by 123.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 842 shares of the aerospace company's stock valued at $61,000 after acquiring an additional 465 shares during the period. Golden State Wealth Management LLC acquired a new stake in Textron in the 4th quarter valued at approximately $63,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Textron during the 4th quarter valued at $68,000. Institutional investors and hedge funds own 86.03% of the company's stock.

Textron Stock Up 1.6%

Shares of TXT stock traded up $1.17 on Friday, hitting $75.67. 793,030 shares of the stock were exchanged, compared to its average volume of 1,218,333. The business has a 50-day moving average of $70.13 and a 200 day moving average of $74.62. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $94.57. The firm has a market capitalization of $13.66 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. The company has a current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $3.26 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The business's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 earnings per share. Equities analysts anticipate that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on TXT. Morgan Stanley cut their price objective on Textron from $82.00 to $71.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. TD Cowen raised shares of Textron to a "hold" rating in a research report on Monday, February 24th. UBS Group increased their target price on Textron from $62.00 to $63.00 and gave the company a "sell" rating in a research note on Monday, April 28th. Finally, Citigroup lowered their target price on shares of Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.