Citizens Financial Group Inc RI reduced its position in shares of Textron Inc. (NYSE:TXT) by 11.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,800 shares of the aerospace company’s stock after selling 4,400 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Textron were worth $1,969,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Textron by 3.0% during the 4th quarter. BlackRock Inc. now owns 18,851,900 shares of the aerospace company’s stock valued at $1,066,828,000 after purchasing an additional 554,173 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Textron by 13.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 4,886,812 shares of the aerospace company’s stock valued at $263,302,000 after purchasing an additional 563,037 shares in the last quarter. Victory Capital Management Inc. increased its stake in Textron by 9.0% during the 4th quarter. Victory Capital Management Inc. now owns 4,483,693 shares of the aerospace company’s stock valued at $253,732,000 after purchasing an additional 371,667 shares in the last quarter. Boston Partners increased its stake in Textron by 0.4% during the 4th quarter. Boston Partners now owns 3,948,873 shares of the aerospace company’s stock valued at $223,467,000 after purchasing an additional 13,998 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Textron by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,604,911 shares of the aerospace company’s stock valued at $194,233,000 after purchasing an additional 32,525 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.
TXT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Textron from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Cowen restated a “buy” rating and set a $60.00 price objective on shares of Textron in a research note on Tuesday, November 14th. ValuEngine upgraded shares of Textron from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Stephens set a $65.00 price objective on shares of Textron and gave the company a “hold” rating in a research note on Thursday, January 11th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $67.00 price objective (up from $59.00) on shares of Textron in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.50.
Shares of Textron Inc. (NYSE:TXT) opened at $60.33 on Monday. Textron Inc. has a 12 month low of $45.00 and a 12 month high of $62.19. The company has a market cap of $15,890.00, a P/E ratio of 28.19, a PEG ratio of 1.90 and a beta of 1.45. The company has a quick ratio of 0.79, a current ratio of 1.92 and a debt-to-equity ratio of 0.54.
Textron (NYSE:TXT) last announced its quarterly earnings results on Wednesday, January 31st. The aerospace company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). Textron had a return on equity of 11.58% and a net margin of 2.16%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. research analysts anticipate that Textron Inc. will post 3.06 EPS for the current fiscal year.
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Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation.
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