Kwmg LLC Purchases 2,184 Shares of Textron Inc. (NYSE:TXT)

Kwmg LLC lifted its holdings in Textron Inc. (NYSE:TXT) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 82,642 shares of the aerospace company’s stock after buying an additional 2,184 shares during the period. Kwmg LLC’s holdings in Textron were worth $6,321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. True Wealth Design LLC acquired a new position in Textron in the third quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new stake in shares of Textron in the 3rd quarter valued at $42,000. Eastern Bank acquired a new position in shares of Textron during the 4th quarter valued at $42,000. Truvestments Capital LLC acquired a new stake in Textron in the third quarter worth $43,000. Finally, Venturi Wealth Management LLC increased its stake in Textron by 69.5% in the third quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 232 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Vertical Research upgraded Textron from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Monday, January 6th. Robert W. Baird lowered their target price on Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. UBS Group reduced their price target 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. Barclays lowered their price objective on shares of Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Finally, TD Cowen raised shares of Textron to a “hold” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $98.64.

Textron Stock Performance

Shares of Textron stock traded up $1.30 during mid-day trading on Monday, hitting $76.95. 815,019 shares of the stock were exchanged, compared to its average volume of 1,207,453. The company has a market capitalization of $14.28 billion, a P/E ratio of 16.91, a P/E/G ratio of 1.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83. The company has a 50-day simple moving average of $81.41 and a 200 day simple moving average of $85.40. Textron Inc. has a 12 month low of $74.89 and a 12 month high of $97.33.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.09). Textron had a return on equity of 16.02% and a net margin of 6.30%. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the firm posted $1.49 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that Textron Inc. will post 5.52 earnings per share for the current fiscal year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend was Friday, December 13th. Textron’s dividend payout ratio is 1.76%.

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.