Transce3nd LLC Has $116,000 Stock Position in Textron Inc. (NYSE:TXT)

Transce3nd LLC grew its stake in Textron Inc. (NYSE:TXT) by 14.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,617 shares of the aerospace company’s stock after buying an additional 199 shares during the period. Transce3nd LLC’s holdings in Textron were worth $116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position in Textron by 10.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,881 shares of the aerospace company’s stock worth $144,000 after purchasing an additional 175 shares during the last quarter. Cibc World Markets Corp grew its holdings in Textron by 14.7% during the fourth quarter. Cibc World Markets Corp now owns 29,350 shares of the aerospace company’s stock worth $2,245,000 after purchasing an additional 3,763 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Textron by 9.2% during the 4th quarter. Advisors Asset Management Inc. now owns 27,711 shares of the aerospace company’s stock worth $2,120,000 after acquiring an additional 2,338 shares during the period. Magnetar Financial LLC bought a new stake in Textron in the 4th quarter valued at $276,000. Finally, iA Global Asset Management Inc. lifted its stake in shares of Textron by 339.1% during the 4th quarter. iA Global Asset Management Inc. now owns 15,705 shares of the aerospace company’s stock worth $1,201,000 after buying an additional 12,128 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXT has been the topic of several analyst reports. UBS Group increased their price target on shares of Textron from $62.00 to $63.00 and gave the stock a “sell” rating in a research report on Monday, April 28th. Morgan Stanley upped their target price on Textron from $71.00 to $86.00 and gave the company an “equal weight” rating in a research report on Thursday. Citigroup cut their price objective on shares of Textron from $111.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $85.00 target price (down from $95.00) on shares of Textron in a research report on Tuesday, July 1st. Finally, Wall Street Zen upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Textron currently has a consensus rating of “Moderate Buy” and an average price target of $89.33.

Textron Stock Down 0.5%

Shares of NYSE:TXT opened at $84.95 on Friday. The firm has a market capitalization of $15.34 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 1.80. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $93.98. The firm has a fifty day moving average of $78.24 and a 200 day moving average of $74.44.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, April 24th. The aerospace company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. Textron had a return on equity of 14.77% and a net margin of 5.98%. The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. Textron’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid a $0.02 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Textron’s payout ratio is currently 1.81%.

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.