Yousif Capital Management LLC Sells 293 Shares of Textron Inc. (NYSE:TXT)

Yousif Capital Management LLC trimmed its position in Textron Inc. (NYSE:TXT) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,959 shares of the aerospace company’s stock after selling 293 shares during the period. Yousif Capital Management LLC’s holdings in Textron were worth $1,081,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TXT. Allworth Financial LP lifted its holdings in shares of Textron by 11.6% during the 4th quarter. Allworth Financial LP now owns 1,801 shares of the aerospace company’s stock worth $141,000 after acquiring an additional 187 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Textron by 3.9% during the 4th quarter. CIBC Asset Management Inc now owns 28,609 shares of the aerospace company’s stock worth $2,188,000 after acquiring an additional 1,081 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Textron by 79.5% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,956 shares of the aerospace company’s stock worth $762,000 after acquiring an additional 4,409 shares during the last quarter. Elk River Wealth Management LLC lifted its holdings in shares of Textron by 0.6% during the 4th quarter. Elk River Wealth Management LLC now owns 58,830 shares of the aerospace company’s stock worth $4,501,000 after acquiring an additional 379 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC lifted its holdings in shares of Textron by 2.8% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 11,200 shares of the aerospace company’s stock worth $857,000 after acquiring an additional 300 shares during the last quarter. 86.03% of the stock is owned by institutional investors.

Textron Price Performance

TXT stock opened at $76.58 on Thursday. The firm’s 50-day moving average price is $72.22 and its two-hundred day moving average price is $74.16. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $94.57. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.25 and a beta of 1.16. The company has a current ratio of 1.80, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, April 24th. The aerospace company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. Textron had a net margin of 5.98% and a return on equity of 14.77%. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date is Friday, June 13th. Textron’s payout ratio is 1.81%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TXT shares. TD Cowen raised shares of Textron to a “hold” rating in a report on Monday, February 24th. Morgan Stanley dropped their price objective on shares of Textron from $82.00 to $71.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. Jefferies Financial Group reissued a “buy” rating and issued a $95.00 price target (up from $85.00) on shares of Textron in a research note on Thursday, June 12th. UBS Group boosted their price target on shares of Textron from $62.00 to $63.00 and gave the stock a “sell” rating in a research note on Monday, April 28th. Finally, Citigroup lowered their price target on shares of Textron from $111.00 to $107.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.36.

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.