Aaron Wealth Advisors LLC Sells 11,070 Shares of Textron Inc. (NYSE:TXT)

Aaron Wealth Advisors LLC decreased its holdings in shares of Textron Inc. (NYSE:TXT - Free Report) by 63.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,277 shares of the aerospace company's stock after selling 11,070 shares during the period. Aaron Wealth Advisors LLC's holdings in Textron were worth $505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allworth Financial LP boosted its position in shares of Textron by 12.0% during the 4th quarter. Allworth Financial LP now owns 1,283 shares of the aerospace company's stock valued at $103,000 after purchasing an additional 137 shares in the last quarter. Kestra Advisory Services LLC raised its stake in Textron by 2.9% during the 2nd quarter. Kestra Advisory Services LLC now owns 4,930 shares of the aerospace company's stock worth $333,000 after buying an additional 139 shares during the period. Quent Capital LLC raised its stake in Textron by 29.2% during the 4th quarter. Quent Capital LLC now owns 633 shares of the aerospace company's stock worth $51,000 after buying an additional 143 shares during the period. Financial Advocates Investment Management raised its stake in Textron by 3.3% during the 3rd quarter. Financial Advocates Investment Management now owns 5,208 shares of the aerospace company's stock worth $407,000 after buying an additional 168 shares during the period. Finally, Greenleaf Trust raised its stake in Textron by 4.0% during the 3rd quarter. Greenleaf Trust now owns 4,401 shares of the aerospace company's stock worth $344,000 after buying an additional 171 shares during the period. Institutional investors own 86.03% of the company's stock.

Textron Stock Performance

NYSE TXT traded down $1.05 on Thursday, hitting $94.59. 1,235,883 shares of the stock traded hands, compared to its average volume of 1,162,770. The business's fifty day moving average is $90.88 and its two-hundred day moving average is $82.76. Textron Inc. has a 12 month low of $61.27 and a 12 month high of $97.33. The firm has a market capitalization of $18.20 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 1.53 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.03 and a current ratio of 1.92.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.07. Textron had a return on equity of 16.05% and a net margin of 6.73%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company earned $1.07 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities analysts anticipate that Textron Inc. will post 6.27 EPS for the current fiscal year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date was Thursday, March 14th. Textron's payout ratio is currently 1.75%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com raised Textron from a "buy" rating to a "strong-buy" rating in a research note on Thursday, January 25th. Citigroup increased their price objective on Textron from $104.00 to $111.00 and gave the stock a "buy" rating in a research note on Thursday, April 4th. Bank of America raised Textron from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $85.00 to $105.00 in a research note on Friday, March 8th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $98.00 target price on shares of Textron in a report on Tuesday, January 2nd. Finally, UBS Group upped their target price on Textron from $77.00 to $81.00 and gave the company a "sell" rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $90.88.

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.