Textron Inc. (NYSE:TXT) Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Textron Inc. (NYSE:TXT) by 85.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,735 shares of the aerospace company’s stock after acquiring an additional 2,636 shares during the quarter. SG Americas Securities LLC’s holdings in Textron were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TXT. International Assets Investment Management LLC bought a new position in Textron during the 4th quarter worth $11,523,000. National Bank of Canada FI grew its stake in shares of Textron by 161.8% in the 3rd quarter. National Bank of Canada FI now owns 145,174 shares of the aerospace company’s stock worth $12,860,000 after purchasing an additional 89,724 shares during the last quarter. Vinva Investment Management Ltd raised its position in shares of Textron by 1,757.6% during the third quarter. Vinva Investment Management Ltd now owns 72,446 shares of the aerospace company’s stock worth $6,357,000 after purchasing an additional 68,546 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Textron by 18.0% in the third quarter. Wellington Management Group LLP now owns 401,475 shares of the aerospace company’s stock worth $35,563,000 after buying an additional 61,248 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in Textron by 13.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 495,411 shares of the aerospace company’s stock worth $43,884,000 after purchasing an additional 57,967 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron Stock Down 0.2 %

TXT stock opened at $76.54 on Monday. The stock has a market capitalization of $14.20 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.24 and a beta of 1.27. Textron Inc. has a 52 week low of $74.89 and a 52 week high of $97.33. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $79.27 and a 200 day moving average of $84.41.

Textron (NYSE:TXT) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. Textron had a net margin of 6.01% and a return on equity of 14.92%. The firm 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 earned $1.60 earnings per share. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. Sell-side analysts forecast that Textron Inc. will post 6.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group cut their target price on shares of Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research report on Friday, October 25th. Morgan Stanley lowered their price target on Textron from $86.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. TD Cowen upgraded shares of Textron to a “hold” rating in a research note on Thursday, December 19th. Susquehanna decreased their price objective on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays cut their price target on shares of Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Textron currently has an average rating of “Moderate Buy” and a consensus price target of $93.45.

Textron Company 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.