State of Wyoming Has $594,000 Stock Position in Textron Inc. (NYSE:TXT)

State of Wyoming lifted its holdings in shares of Textron Inc. (NYSE:TXT - Free Report) by 179.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,766 shares of the aerospace company's stock after purchasing an additional 4,991 shares during the period. State of Wyoming's holdings in Textron were worth $594,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TXT. Toronto Dominion Bank boosted its holdings in Textron by 7.0% in the fourth quarter. Toronto Dominion Bank now owns 99,507 shares of the aerospace company's stock valued at $7,611,000 after acquiring an additional 6,509 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in Textron by 5.4% in the fourth quarter. Rafferty Asset Management LLC now owns 64,815 shares of the aerospace company's stock valued at $4,958,000 after acquiring an additional 3,296 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Textron by 5.0% in the fourth quarter. ProShare Advisors LLC now owns 40,518 shares of the aerospace company's stock valued at $3,099,000 after acquiring an additional 1,927 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in Textron in the fourth quarter valued at about $210,000. Finally, Nomura Holdings Inc. bought a new position in Textron in the fourth quarter valued at about $468,000. Institutional investors own 86.03% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TXT shares. Morgan Stanley reduced their target price on Textron from $82.00 to $71.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Bank of America cut Textron from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $110.00 to $85.00 in a report on Friday, January 24th. TD Cowen upgraded Textron to a "hold" rating in a report on Monday, February 24th. UBS Group raised their target price on Textron from $62.00 to $63.00 and gave the stock a "sell" rating in a report on Monday, April 28th. 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 analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Textron has an average rating of "Hold" and a consensus price target of $87.70.

Insider Activity at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $72.68, for a total value of $396,178.68. Following the sale, the vice president now owns 18,223 shares of the company's stock, valued at approximately $1,324,447.64. This trade represents a 23.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by insiders.

Textron Stock Down 3.5%

Shares of NYSE TXT traded down $2.68 during mid-day trading on Wednesday, reaching $73.37. 1,436,359 shares of the company's stock were exchanged, compared to its average volume of 1,212,745. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.18 and a beta of 1.20. The company has a current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $70.15 and a 200 day simple moving average of $75.53. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $94.57.

Textron (NYSE:TXT - Get Free Report) last announced its earnings results on Thursday, April 24th. The aerospace company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.11. Textron had a return on equity of 14.92% and a net margin of 6.01%. The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm earned $1.20 EPS. Textron's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The company 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 $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date 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.