CVA Family Office LLC Invests $29,000 in Textron Inc. (NYSE:TXT)

CVA Family Office LLC bought a new position in Textron Inc. (NYSE:TXTFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 360 shares of the aerospace company’s stock, valued at approximately $29,000.

Several other large investors have also made changes to their positions in TXT. Kestra Advisory Services LLC raised its position in Textron by 2.9% in the second quarter. Kestra Advisory Services LLC now owns 4,930 shares of the aerospace company’s stock valued at $333,000 after purchasing an additional 139 shares during the period. Financial Advocates Investment Management increased its position in shares of Textron by 3.3% during the third quarter. Financial Advocates Investment Management now owns 5,208 shares of the aerospace company’s stock worth $407,000 after acquiring an additional 168 shares during the last quarter. Greenleaf Trust increased its position in shares of Textron by 4.0% during the third quarter. Greenleaf Trust now owns 4,401 shares of the aerospace company’s stock worth $344,000 after acquiring an additional 171 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Textron by 0.7% during the first quarter. Yousif Capital Management LLC now owns 26,689 shares of the aerospace company’s stock worth $1,985,000 after acquiring an additional 175 shares during the last quarter. Finally, Prosperity Financial Group Inc. increased its position in shares of Textron by 5.4% during the third quarter. Prosperity Financial Group Inc. now owns 3,497 shares of the aerospace company’s stock worth $273,000 after acquiring an additional 179 shares during the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Stock Down 0.3 %

Shares of TXT opened at $95.93 on Friday. The company has a 50-day simple moving average of $88.49 and a 200-day simple moving average of $81.45. The firm has a market capitalization of $18.46 billion, a P/E ratio of 20.99, a P/E/G ratio of 1.51 and a beta of 1.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.03 and a current ratio of 1.92. Textron Inc. has a 52 week low of $61.27 and a 52 week high of $96.80.

Textron (NYSE:TXTGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.07. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.97 billion. Textron had a net margin of 6.73% and a return on equity of 16.05%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 earnings per share. On average, equities research analysts expect that Textron Inc. will post 6.27 earnings per share for the current year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.08 annualized dividend and a yield of 0.08%. Textron’s dividend payout ratio is 1.75%.

Wall Street Analysts Forecast Growth

TXT has been the subject of a number of research reports. Bank of America upgraded Textron from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $105.00 in a research note on Friday, March 8th. StockNews.com upgraded Textron from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Citigroup boosted their price objective on Textron from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. UBS Group boosted their price objective on Textron from $77.00 to $81.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Textron from $84.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Textron presently has an average rating of “Moderate Buy” and an average price target of $90.00.

Get Our Latest Analysis on TXT

Textron Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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