HB Wealth Management LLC Has $365,000 Holdings in Textron Inc. (NYSE:TXT)

HB Wealth Management LLC lifted its stake in Textron Inc. (NYSE:TXT) by 11.6% during the 4th quarter, HoldingsChannel reports. The fund owned 4,773 shares of the aerospace company’s stock after buying an additional 496 shares during the period. HB Wealth Management LLC’s holdings in Textron were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Empirical Finance LLC grew its position in Textron by 1.7% in the 3rd quarter. Empirical Finance LLC now owns 7,047 shares of the aerospace company’s stock worth $624,000 after purchasing an additional 115 shares during the last quarter. Davis Investment Partners LLC grew its position in Textron by 0.8% during the third quarter. Davis Investment Partners LLC now owns 14,828 shares of the aerospace company’s stock worth $1,290,000 after buying an additional 118 shares in the last quarter. Apollon Wealth Management LLC increased its stake in Textron by 4.9% during the third quarter. Apollon Wealth Management LLC now owns 2,655 shares of the aerospace company’s stock valued at $235,000 after acquiring an additional 125 shares during the period. Creative Planning raised its holdings in Textron by 0.4% in the 3rd quarter. Creative Planning now owns 37,304 shares of the aerospace company’s stock valued at $3,304,000 after acquiring an additional 165 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Textron by 4.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,116 shares of the aerospace company’s stock worth $353,000 after acquiring an additional 175 shares during the period. Institutional investors own 86.03% of the company’s stock.

Textron Stock Down 0.1 %

NYSE TXT opened at $78.33 on Friday. The stock’s 50 day simple moving average is $80.03 and its 200 day simple moving average is $84.96. Textron Inc. has a one year low of $74.89 and a one year high of $97.33. The firm has a market cap of $14.53 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 0.82.

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, beating the consensus estimate of $1.27 by $0.07. Textron had a net margin of 6.30% and a return on equity of 16.02%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3,778,060 billion. During the same quarter last year, the company posted $1.60 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Textron Inc. will post 5.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Vertical Research upgraded Textron from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their price objective on shares of Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Susquehanna decreased their target price 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. Citigroup dropped their price target on shares of Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, TD Cowen upgraded Textron to a “hold” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.73.

Textron 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.