3,107 Shares in Textron Inc. (NYSE:TXT) Purchased by SC&H Financial Advisors Inc.

SC&H Financial Advisors Inc. acquired a new position in shares of Textron Inc. (NYSE:TXT) during the 4th quarter, Holdings Channel reports. The firm acquired 3,107 shares of the aerospace company’s stock, valued at approximately $250,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TXT. AE Wealth Management LLC lifted its position in Textron by 23.7% during the third quarter. AE Wealth Management LLC now owns 13,114 shares of the aerospace company’s stock worth $1,025,000 after purchasing an additional 2,515 shares during the period. Global Retirement Partners LLC lifted its stake in Textron by 393.9% during the third quarter. Global Retirement Partners LLC now owns 489 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 390 shares during the last quarter. Czech National Bank boosted its holdings in shares of Textron by 45.0% in the 3rd quarter. Czech National Bank now owns 34,619 shares of the aerospace company’s stock valued at $2,705,000 after purchasing an additional 10,744 shares in the last quarter. Uncommon Cents Investing LLC bought a new position in shares of Textron in the 3rd quarter valued at $276,000. Finally, Bfsg LLC bought a new stake in shares of Textron during the 3rd quarter worth $901,000. 86.03% of the stock is owned by institutional investors.

Textron Trading Up 0.5 %

NYSE TXT traded up $0.47 during trading on Monday, hitting $93.77. 1,025,535 shares of the company’s stock traded hands, compared to its average volume of 1,149,565. Textron Inc. has a 12-month low of $61.27 and a 12-month high of $97.33. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.92 and a quick ratio of 1.03. The stock has a fifty day moving average of $91.77 and a two-hundred day moving average of $83.61. The firm has a market cap of $18.04 billion, a P/E ratio of 20.52, a PEG ratio of 1.47 and a beta of 1.30.

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

Textron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend was Thursday, March 14th. Textron’s dividend payout ratio (DPR) is presently 1.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group increased their price target on Textron from $77.00 to $81.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Bank of America upgraded shares of 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 report on Friday, March 8th. The Goldman Sachs Group boosted their target price on shares of Textron from $103.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Citigroup lifted their price objective on Textron from $104.00 to $111.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, StockNews.com upgraded Textron from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Textron presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.63.

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.