Textron Inc. (NYSE:TXT) Stock Holdings Decreased by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI lessened its stake in Textron Inc. (NYSE:TXT) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,748 shares of the aerospace company’s stock after selling 800 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in Textron were worth $440,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TXT. CWM LLC lifted its holdings in Textron by 22.9% during the 3rd quarter. CWM LLC now owns 17,584 shares of the aerospace company’s stock worth $1,558,000 after buying an additional 3,271 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Textron by 2,211.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,473 shares of the aerospace company’s stock valued at $219,000 after acquiring an additional 2,366 shares in the last quarter. Empirical Asset Management LLC lifted its stake in Textron by 11.5% during the third quarter. Empirical Asset Management LLC now owns 3,136 shares of the aerospace company’s stock worth $278,000 after purchasing an additional 324 shares during the last quarter. Creative Planning boosted its holdings in Textron by 0.4% in the third quarter. Creative Planning now owns 37,304 shares of the aerospace company’s stock worth $3,304,000 after purchasing an additional 165 shares during the period. Finally, Trust Co. of Vermont increased its stake in Textron by 94.7% during the third quarter. Trust Co. of Vermont now owns 915 shares of the aerospace company’s stock valued at $81,000 after purchasing an additional 445 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron Trading Up 0.1 %

Shares of TXT stock opened at $74.03 on Wednesday. Textron Inc. has a 1 year low of $73.50 and a 1 year high of $97.33. The firm has a market capitalization of $13.73 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.23 and a beta of 1.27. The stock has a fifty day moving average of $77.78 and a two-hundred day moving average of $83.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 1.83.

Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.78 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 earnings per share. As a group, research analysts expect that Textron Inc. will post 6.1 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Susquehanna reduced their price target on shares of Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird cut their target price on shares of Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays dropped their price target on Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Finally, Morgan Stanley reduced their price objective on Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Textron presently has a consensus rating of “Moderate Buy” and an average price target of $93.45.

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.