Amalgamated Bank Has $4.42 Million Stock Holdings in Textron Inc. (NYSE:TXT)

Amalgamated Bank decreased its position in shares of Textron Inc. (NYSE:TXT) by 10.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,503 shares of the aerospace company’s stock after selling 5,909 shares during the quarter. Amalgamated Bank’s holdings in Textron were worth $4,422,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Textron by 263.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 13,369 shares of the aerospace company’s stock valued at $1,283,000 after purchasing an additional 9,692 shares in the last quarter. SageView Advisory Group LLC bought a new position in Textron in the fourth quarter valued at approximately $922,000. Studio Investment Management LLC acquired a new position in shares of Textron in the fourth quarter valued at approximately $1,223,000. Portfolio Design Labs LLC bought a new stake in shares of Textron during the fourth quarter worth $3,140,000. Finally, SG Americas Securities LLC raised its holdings in shares of Textron by 461.1% during the first quarter. SG Americas Securities LLC now owns 117,257 shares of the aerospace company’s stock worth $11,248,000 after acquiring an additional 96,361 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TXT shares. TD Cowen upped their target price on shares of Textron from $100.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. UBS Group increased their price objective on Textron from $84.00 to $87.00 and gave the stock a “sell” rating in a report on Friday, July 19th. Citigroup boosted their target price on Textron from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Morgan Stanley cut shares of Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 price target for the company. in a research note on Thursday, August 8th. Finally, Bank of America boosted their price objective on shares of Textron from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.50.

Textron Price Performance

NYSE:TXT opened at $87.91 on Friday. The stock has a market capitalization of $16.76 billion, a PE ratio of 18.78, a P/E/G ratio of 1.40 and a beta of 1.23. Textron Inc. has a 1-year low of $74.13 and a 1-year high of $97.33. The firm has a fifty day simple moving average of $88.80 and a 200 day simple moving average of $89.32. The company has a current ratio of 1.79, a quick ratio of 0.81 and a debt-to-equity ratio of 0.47.

Textron (NYSE:TXT) last announced its quarterly earnings results on Thursday, July 18th. The aerospace company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.06. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Textron had a net margin of 6.67% and a return on equity of 16.41%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 earnings per share. On average, research analysts expect that Textron Inc. will post 6.27 EPS for the current fiscal year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.02 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.08 annualized dividend and a yield of 0.09%. Textron’s dividend payout ratio is 1.71%.

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.