Textron Inc. (NYSE:TXT) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in shares of Textron Inc. (NYSE:TXT) by 19.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 16,555 shares of the aerospace company’s stock after buying an additional 2,679 shares during the quarter. Pacer Advisors Inc.’s holdings in Textron were worth $1,266,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of TXT. Merit Financial Group LLC lifted its holdings in shares of Textron by 5.9% in the fourth quarter. Merit Financial Group LLC now owns 4,784 shares of the aerospace company’s stock valued at $366,000 after buying an additional 265 shares during the period. Franklin Resources Inc. lifted its holdings in Textron by 10.3% in the 3rd quarter. Franklin Resources Inc. now owns 164,029 shares of the aerospace company’s stock valued at $14,505,000 after acquiring an additional 15,294 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Textron in the 4th quarter valued at about $11,523,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Textron during the 3rd quarter valued at about $828,000. Finally, Easterly Investment Partners LLC grew its stake in shares of Textron by 87.7% in the 3rd quarter. Easterly Investment Partners LLC now owns 41,305 shares of the aerospace company’s stock worth $3,659,000 after purchasing an additional 19,304 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors.

Textron Stock Down 0.2 %

Textron stock opened at $76.54 on Monday. The firm’s 50 day moving average price is $79.27 and its two-hundred day moving average price is $84.41. The firm has a market cap of $14.20 billion, a PE ratio of 17.76, a P/E/G ratio of 1.24 and a beta of 1.27. Textron Inc. has a twelve month low of $74.89 and a twelve month high of $97.33. 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 announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $1.60 earnings per share. Textron’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, research analysts predict that Textron Inc. will post 6.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on TXT shares. TD Cowen raised shares of Textron to a “hold” rating in a research note on Thursday, December 19th. Susquehanna cut their target price on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Citigroup decreased their price target on Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Barclays decreased their target price 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average 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.