Blackhawk Capital Partners LLC. Purchases 963 Shares of Textron Inc. (NYSE:TXT)

Blackhawk Capital Partners LLC. grew its holdings in Textron Inc. (NYSE:TXT) by 41.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,263 shares of the aerospace company’s stock after purchasing an additional 963 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Textron were worth $250,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Susquehanna cut their target price on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on shares of Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Citigroup decreased their price objective on shares of Textron from $118.00 to $111.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Morgan Stanley cut their target price on shares of Textron from $86.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Finally, Barclays decreased their price target on shares of Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Textron has an average rating of “Moderate Buy” and a consensus price target of $93.45.

Textron Stock Performance

Shares of Textron stock opened at $72.56 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The stock’s 50-day moving average is $76.03 and its 200-day moving average is $82.60. Textron Inc. has a one year low of $71.67 and a one year high of $97.33.

Textron (NYSE:TXT) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (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 business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the firm earned $1.60 EPS. Textron’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities analysts predict that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

About Textron

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.