U.S. Capital Wealth Advisors LLC Makes New $290,000 Investment in Textron Inc. (NYSE:TXT)

U.S. Capital Wealth Advisors LLC bought a new position in shares of Textron Inc. (NYSE:TXT - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,014 shares of the aerospace company's stock, valued at approximately $290,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Optiver Holding B.V. acquired a new position in Textron in the fourth quarter worth about $56,000. MassMutual Private Wealth & Trust FSB boosted its stake in Textron by 123.3% in the first 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. Parallel Advisors LLC boosted its stake in Textron by 22.9% in the first quarter. Parallel Advisors LLC now owns 1,115 shares of the aerospace company's stock valued at $81,000 after acquiring an additional 208 shares during the period. ORG Wealth Partners LLC acquired a new position in Textron in the first quarter valued at approximately $92,000. Finally, Transce3nd LLC acquired a new position in Textron in the fourth quarter valued at approximately $108,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXT has been the subject of a number of research reports. Wall Street Zen downgraded Textron from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. UBS Group lifted 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. Citigroup decreased their target price on Textron from $111.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Jefferies Financial Group restated a "buy" rating and issued a $95.00 target price (up from $85.00) on shares of Textron in a research note on Thursday, June 12th. Finally, Morgan Stanley decreased their target price on Textron from $82.00 to $71.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $88.08.

Textron Stock Performance

Shares of TXT traded down $0.21 during mid-day trading on Friday, reaching $85.02. 1,167,443 shares of the company's stock traded hands, compared to its average volume of 1,274,470. The business's 50-day moving average price is $76.86 and its 200-day moving average price is $74.16. The stock has a market capitalization of $15.35 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 1.80. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $94.57.

Textron (NYSE:TXT - Get Free Report) last released its earnings results on Thursday, April 24th. The aerospace company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.11. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.26 billion. Textron had a return on equity of 14.77% and a net margin of 5.98%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 earnings per share. Equities analysts predict that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were given a $0.02 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Textron's dividend payout ratio (DPR) is 1.81%.

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.