Textron Inc. (NYSE:TXT) Shares Sold by Keeler Thomas Management LLC

Keeler Thomas Management LLC lessened its stake in shares of Textron Inc. (NYSE:TXT) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 55,754 shares of the aerospace company’s stock after selling 1,697 shares during the period. Keeler Thomas Management LLC’s holdings in Textron were worth $4,266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Empirical Finance LLC raised its holdings in shares of Textron by 1.7% during the third quarter. Empirical Finance LLC now owns 7,047 shares of the aerospace company’s stock valued at $624,000 after acquiring an additional 115 shares during the last quarter. Apollon Wealth Management LLC increased its position in shares of Textron by 4.9% during the third quarter. Apollon Wealth Management LLC now owns 2,655 shares of the aerospace company’s stock worth $235,000 after purchasing an additional 125 shares in the last quarter. Pflug Koory LLC grew its holdings in shares of Textron by 0.9% during the fourth quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company’s stock worth $1,054,000 after buying an additional 125 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of Textron by 5.7% in the fourth quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company’s stock valued at $200,000 after buying an additional 141 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Textron by 5.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company’s stock worth $228,000 after buying an additional 163 shares in the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Stock Performance

Shares of Textron stock opened at $72.56 on Tuesday. The firm has a market cap of $13.25 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45. Textron Inc. has a 52 week low of $71.67 and a 52 week high of $97.33. The business’s fifty day simple moving average is $76.03 and its 200-day simple moving average is $82.60.

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

Analyst Ratings Changes

A number of analysts have commented on TXT shares. Bank of America downgraded shares of Textron from a “buy” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $85.00 in a report on Friday, January 24th. Barclays dropped their price target on Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Robert W. Baird lowered their price objective on Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Citigroup dropped their target price on Textron from $118.00 to $111.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, TD Cowen upgraded Textron to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Textron has a consensus rating of “Moderate Buy” and an average target price of $93.45.

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.