Nomura Holdings Inc. Makes New Investment in Textron Inc. (NYSE:TXT)

Nomura Holdings Inc. acquired a new stake in Textron Inc. (NYSE:TXT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,114 shares of the aerospace company's stock, valued at approximately $468,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Textron in the fourth quarter valued at $31,000. Optiver Holding B.V. purchased a new stake in shares of Textron in the fourth quarter valued at $56,000. Golden State Wealth Management LLC purchased a new stake in shares of Textron in the fourth quarter valued at $63,000. McClarren Financial Advisors Inc. purchased a new stake in shares of Textron in the fourth quarter valued at $68,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Textron by 33.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 964 shares of the aerospace company's stock valued at $74,000 after purchasing an additional 239 shares during the period. Hedge funds and other institutional investors own 86.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their price objective on Textron from $82.00 to $71.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. UBS Group lifted their target price on Textron from $62.00 to $63.00 and gave the company a "sell" rating in a report on Monday, April 28th. TD Cowen upgraded Textron to a "hold" rating in a report on Monday, February 24th. Finally, Citigroup reduced their target price on Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $87.70.

Textron Trading Up 2.4%

Textron stock traded up $1.77 during midday trading on Tuesday, reaching $74.69. The stock had a trading volume of 1,477,113 shares, compared to its average volume of 1,217,051. The stock's 50-day simple moving average is $70.10 and its 200 day simple moving average is $75.12. The stock has a market capitalization of $13.48 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $94.57. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76.

Textron (NYSE:TXT - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The aerospace company reported $1.28 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 analysts' expectations of $3.26 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Textron Announces Dividend

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

About Textron

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.