Moody National Bank Trust Division has acquired a new position in Textron Inc. (NYSE: TXT – Get Rating) in the first quarter, according to the company in its last submission to the Securities and Exchange Commission. The institutional investor bought 10,347 shares of the aerospace company worth approximately $ 769,000.
Several other institutional investors and hedge funds have also made changes to their positions at TXT. Confluence Wealth Services Inc. acquired a new position in Textron in the 4th quarter worth $ 31,000. Farmers & Merchants Investments Inc. increased its stake in Textron by 214.2% in the 4th quarter. Farmers & Merchants Investments Inc. it now owns 443 shares of the aerospace company worth $ 34,000 after buying an additional 302 shares in the last quarter. NuWave Investment Management LLC acquired a new position in Textron in the 4th quarter worth $ 40,000. Quent Capital LLC acquired a new position in Textron in the 4th quarter worth $ 40,000. Finally, CVA Family Office LLC increased its stake in Textron by 260.0% in the 4th quarter. CVA Family Office LLC already owns 540 shares of the aerospace company worth $ 42,000 after buying an additional 390 shares in the last quarter. Institutional investors own 86.10% of the company’s shares.
Separately, StockNews.com raised Textron shares from a buy rating to a strong buy rating in a research report on Friday (June 3rd). Seven stock research analysts rated the stock with a buy rating and one issued a strong buy rating for the company. Based on data from MarketBeat.com, Textron currently has an average Buy rating and a consensus target of $ 86.43.
The NYSE TXT opened at $ 58.23 on Friday. The company’s 50-day moving average is $ 65.21, and its 200-day moving average is $ 70.05. The company has a market capitalization of $ 12.52 billion, a price / profit ratio of 16.98, a P / E / G ratio of 1.15 and a beta ratio of 1.65. Textron Inc. has a 52-week low of $ 57.11 and a 52-week high of $ 79.45. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.46 and a fast ratio of 1.37.
Textron (NYSE: TXT – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The aerospace company reported $ 0.88 EPS for the quarter, beating analysts’ consensus estimates of $ 0.72 by $ 0.16. The company had revenue of $ 3 billion in the quarter, compared to the consensus estimate of $ 2.97 billion. Textron had a net margin of 6.14% and a return on equity of 12.08%. The company’s revenue for the quarter increased by 4.2% compared to the same quarter last year. During the same period last year, the company earned $ 0.70 EPS. As a group, sales analysts expect Textron Inc. will report 4.08 earnings per share for the current fiscal year.
The company also recently unveiled a three-month dividend that will be paid on Friday, July 1st. The record shareholders on Friday, June 10, will receive a dividend of $ 0.02 per share. This represents a $ 0.08 dividend on an annual basis and a dividend yield of 0.14%. The date of the former dividend of this dividend is Thursday, June 9. Textron’s payout ratio is 2.33%.
About Textron (Get a rating)
Textron Inc operates in aviation, defense, industry and finance. The company’s Textron Aviation segment manufactures, sells and services business jets, turboprop and piston aircraft and military training and defense aircraft; and offers maintenance, inspection and repair services, as well as the sale of commercial parts.
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