Textron Inc. (NYSE:TXT) Position Boosted by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its stake in Textron Inc. (NYSE:TXT) by 44.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,582 shares of the aerospace company’s stock after purchasing an additional 5,433 shares during the quarter. Mizuho Securities USA LLC’s holdings in Textron were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Virtu Financial LLC lifted its position in Textron by 188.3% in the 4th quarter. Virtu Financial LLC now owns 8,782 shares of the aerospace company’s stock worth $672,000 after buying an additional 5,736 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Textron by 414.7% during the fourth quarter. Quantbot Technologies LP now owns 129,018 shares of the aerospace company’s stock worth $9,869,000 after acquiring an additional 103,950 shares in the last quarter. HUB Investment Partners LLC boosted its position in Textron by 30.3% during the fourth quarter. HUB Investment Partners LLC now owns 30,026 shares of the aerospace company’s stock valued at $2,297,000 after purchasing an additional 6,990 shares during the last quarter. iA Global Asset Management Inc. grew its stake in Textron by 339.1% in the fourth quarter. iA Global Asset Management Inc. now owns 15,705 shares of the aerospace company’s stock valued at $1,201,000 after purchasing an additional 12,128 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in Textron in the 4th quarter worth about $276,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TXT. Morgan Stanley reduced their price target on Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. TD Cowen upgraded shares of Textron to a “hold” rating in a research note on Monday, February 24th. Bank of America lowered shares of Textron from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $110.00 to $85.00 in a research note on Friday, January 24th. Barclays decreased their price objective on shares of Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Finally, Robert W. Baird cut their target price on Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.45.

Textron Stock Performance

TXT opened at $74.50 on Wednesday. Textron Inc. has a 12-month low of $70.14 and a 12-month high of $97.34. The firm has a market capitalization of $13.53 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The stock’s 50 day moving average price is $74.76 and its two-hundred day moving average price is $80.43. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. Textron had a net margin of 6.01% and a return on equity of 14.92%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. Textron’s revenue was down 7.2% compared to the same quarter last year. On average, equities analysts forecast that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Friday, March 14th. Textron’s dividend payout ratio (DPR) is presently 1.86%.

Insider Activity at Textron

In other news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $72.68, for a total transaction of $396,178.68. Following the sale, the vice president now owns 18,223 shares of the company’s stock, valued at approximately $1,324,447.64. This trade represents a 23.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

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.