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

Mizuho Securities USA LLC grew its stake in shares of Textron Inc. (NYSE:TXT) by 44.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. True Wealth Design LLC acquired a new stake in Textron in the third quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in shares of Textron during the fourth quarter worth about $31,000. Eastern Bank acquired a new stake in shares of Textron in the 4th quarter worth about $42,000. Truvestments Capital LLC bought a new stake in Textron in the 3rd quarter valued at about $43,000. Finally, Golden State Wealth Management LLC acquired a new position in Textron during the 4th quarter valued at about $63,000. 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. Bank of America downgraded Textron from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $110.00 to $85.00 in a research report on Friday, January 24th. Susquehanna decreased their price target on Textron from $100.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Vertical Research upgraded shares of Textron from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Monday, January 6th. Finally, Robert W. Baird dropped their price target on shares of Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $93.45.

Textron Trading Up 0.3 %

Shares of NYSE:TXT opened at $74.50 on Wednesday. The stock has a market capitalization of $13.53 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.18 and a beta of 1.27. Textron Inc. has a 1-year low of $70.14 and a 1-year high of $97.34. The company has a 50 day moving average price of $74.76 and a 200 day moving average price of $80.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76.

Textron (NYSE:TXT) last issued 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 return on equity of 14.92% and a net margin of 6.01%. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the previous year, the firm posted $1.60 EPS. The company’s quarterly revenue was down 7.2% on a year-over-year basis. On average, research analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Friday, March 14th. Textron’s payout ratio is 1.86%.

Insider Transactions at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $72.68, for a total value of $396,178.68. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by insiders.

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.