Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Textron Inc. (NYSE:TXT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 66,449 shares of the aerospace company's stock, valued at approximately $5,083,000.
A number of other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC raised its holdings in Textron by 5.7% in the 4th quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company's stock valued at $200,000 after acquiring an additional 141 shares in the last quarter. Syon Capital LLC raised its holdings in Textron by 4.5% in the 4th quarter. Syon Capital LLC now owns 3,538 shares of the aerospace company's stock valued at $271,000 after acquiring an additional 153 shares in the last quarter. Motley Fool Asset Management LLC raised its holdings in Textron by 6.3% in the 4th quarter. Motley Fool Asset Management LLC now owns 2,732 shares of the aerospace company's stock valued at $209,000 after acquiring an additional 163 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Textron by 10.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,881 shares of the aerospace company's stock valued at $144,000 after acquiring an additional 175 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in Textron by 11.6% in the 4th quarter. Allworth Financial LP now owns 1,801 shares of the aerospace company's stock valued at $141,000 after acquiring an additional 187 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have commented on TXT shares. Citigroup cut their price target on Textron from $111.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Morgan Stanley lowered their price objective on Textron from $82.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. TD Cowen upgraded Textron to a "hold" rating in a research note on Monday, February 24th. Finally, UBS Group upped their price objective on Textron from $62.00 to $63.00 and gave the company a "sell" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $87.70.
Get Our Latest Analysis on Textron
Textron Trading Up 0.3%
NYSE:TXT traded up $0.26 during trading hours on Thursday, hitting $74.75. 139,438 shares of the stock were exchanged, compared to its average volume of 1,214,970. The company's 50 day moving average is $70.08 and its two-hundred day moving average is $74.68. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $94.57. 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 company has a market capitalization of $13.50 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20.
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 the consensus estimate of $1.17 by $0.11. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.26 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 EPS. On average, sell-side analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current fiscal year.
Textron Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend is Friday, June 13th. Textron's payout ratio is presently 1.81%.
Textron Profile
(
Free Report)
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.
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