Atria Wealth Solutions Inc. Has $698,000 Stake in Textron Inc. (NYSE:TXT)

Atria Wealth Solutions Inc. boosted its stake in shares of Textron Inc. (NYSE:TXT) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,681 shares of the aerospace company’s stock after buying an additional 806 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Textron were worth $698,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TXT. GAMMA Investing LLC bought a new stake in Textron in the fourth quarter valued at approximately $93,000. Illinois Municipal Retirement Fund increased its position in shares of Textron by 33.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 152,175 shares of the aerospace company’s stock worth $12,238,000 after buying an additional 37,940 shares during the period. SC&H Financial Advisors Inc. bought a new position in Textron during the fourth quarter worth $250,000. Duality Advisers LP bought a new stake in Textron during the fourth quarter valued at $2,745,000. Finally, Keeler Thomas Management LLC grew its holdings in Textron by 3.4% during the 4th quarter. Keeler Thomas Management LLC now owns 52,474 shares of the aerospace company’s stock worth $4,220,000 after acquiring an additional 1,701 shares during the period. Institutional investors own 86.03% of the company’s stock.

Textron Stock Up 0.3 %

Shares of NYSE TXT opened at $85.59 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 0.84. Textron Inc. has a 1 year low of $61.27 and a 1 year high of $97.33. The stock has a market capitalization of $16.32 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.35 and a beta of 1.32. The company has a 50-day moving average price of $92.10 and a 200-day moving average price of $84.09.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, April 25th. The aerospace company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.08). The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.29 billion. Textron had a return on equity of 16.30% and a net margin of 6.75%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, equities research analysts forecast that Textron Inc. will post 6.27 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date is Friday, June 14th. Textron’s dividend payout ratio is 1.71%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TXT. Susquehanna dropped their price objective on Textron from $110.00 to $105.00 and set a “positive” rating on the stock in a research note on Friday, April 26th. StockNews.com cut Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. UBS Group lifted their price objective on shares of Textron from $77.00 to $81.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Citigroup raised their price target on shares of Textron from $104.00 to $111.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, Bank of America raised shares of Textron from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $85.00 to $105.00 in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.63.

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.