Blue Trust Inc. Has $67,000 Holdings in Textron Inc. (NYSE:TXT)

Blue Trust Inc. trimmed its position in shares of Textron Inc. (NYSE:TXT) by 54.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 877 shares of the aerospace company’s stock after selling 1,038 shares during the quarter. Blue Trust Inc.’s holdings in Textron were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Empirical Finance LLC boosted its holdings in Textron by 1.7% during the third quarter. Empirical Finance LLC now owns 7,047 shares of the aerospace company’s stock valued at $624,000 after acquiring an additional 115 shares during the period. Apollon Wealth Management LLC lifted its position in shares of Textron by 4.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 2,655 shares of the aerospace company’s stock worth $235,000 after purchasing an additional 125 shares during the last quarter. Pflug Koory LLC boosted its stake in Textron by 0.9% during the 4th quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company’s stock valued at $1,054,000 after purchasing an additional 125 shares during the period. V Square Quantitative Management LLC grew 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 buying an additional 141 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its position in Textron by 5.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company’s stock worth $228,000 after buying an additional 163 shares during the period. Institutional investors own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

TXT has been the subject of several research analyst reports. Citigroup cut their target price on shares of Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Morgan Stanley cut their price objective on shares of Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Robert W. Baird decreased their target price on Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. TD Cowen raised Textron to a “hold” rating in a report on Thursday, December 19th. Finally, Barclays reduced their price objective on Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.45.

Textron Stock Performance

Shares of TXT opened at $72.56 on Tuesday. The firm has a market cap of $13.25 billion, a P/E ratio of 16.84, a PEG ratio of 1.18 and a beta of 1.27. Textron Inc. has a twelve month low of $71.67 and a twelve month high of $97.33. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76. The firm’s 50 day moving average price is $76.03 and its two-hundred day moving average price is $82.60.

Textron (NYSE:TXT) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. Textron had a return on equity of 14.92% and a net margin of 6.01%. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the company posted $1.60 earnings per share. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, analysts forecast that Textron Inc. will post 6.12 EPS for the current fiscal year.

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.