State of Wisconsin Investment Board lifted its holdings in shares of Textron Inc. (NYSE:TXT) by 1.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 262,507 shares of the aerospace company’s stock after buying an additional 2,482 shares during the period. State of Wisconsin Investment Board owned about 0.10% of Textron worth $14,855,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Textron during the 3rd quarter worth $110,000. Invictus RG acquired a new position in shares of Textron during the 3rd quarter worth $115,000. Cerebellum GP LLC acquired a new position in shares of Textron during the 4th quarter worth $133,000. Franklin Street Advisors Inc. NC acquired a new position in shares of Textron during the 4th quarter worth $207,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of Textron during the 3rd quarter worth $201,000. 83.90% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the company. Jefferies Group restated a “buy” rating and set a $74.00 price objective on shares of Textron in a research report on Sunday, February 4th. Cowen restated a “buy” rating and set a $70.00 price objective on shares of Textron in a research report on Thursday, February 1st. Morgan Stanley upgraded Textron from an “underweight” rating to an “equal weight” rating and set a $47.00 price objective on the stock in a research report on Thursday, February 1st. Wells Fargo & Co restated an “outperform” rating and set a $67.00 price objective (up previously from $59.00) on shares of Textron in a research report on Tuesday, January 16th. Finally, Zacks Investment Research upgraded Textron from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.50.
Shares of Textron Inc. (NYSE:TXT) opened at $59.52 on Friday. The firm has a market capitalization of $15,580.67, a price-to-earnings ratio of 24.29, a P/E/G ratio of 1.87 and a beta of 1.45. Textron Inc. has a 52-week low of $45.00 and a 52-week high of $62.19. The company has a current ratio of 2.19, a quick ratio of 1.06 and a debt-to-equity ratio of 0.69.
Textron (NYSE:TXT) last released 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 net margin of 2.16% and a return on equity of 11.58%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter last year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. analysts forecast that Textron Inc. will post 3.06 earnings per share for the current fiscal year.
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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