2,764 Shares in Textron Inc. (NYSE:TXT) Acquired by Pure Financial Advisors LLC

Pure Financial Advisors LLC purchased a new stake in shares of Textron Inc. (NYSE:TXT) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,764 shares of the aerospace company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TXT. True Wealth Design LLC acquired a new position in shares of Textron in the 3rd quarter valued at $26,000. Capital Performance Advisors LLP purchased a new stake in Textron during the 3rd quarter valued at about $42,000. Truvestments Capital LLC acquired a new position in shares of Textron in the third quarter valued at about $43,000. Eastern Bank purchased a new position in shares of Textron in the fourth quarter worth about $42,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Textron by 69.5% during the third quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock worth $50,000 after purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Price Performance

Shares of NYSE TXT opened at $78.40 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83. The firm has a fifty day moving average of $80.19 and a 200 day moving average of $85.01. The firm has a market cap of $14.54 billion, a PE ratio of 17.23, a PEG ratio of 1.21 and a beta of 1.27. Textron Inc. has a one year low of $74.89 and a one year high of $97.33.

Textron (NYSE:TXT) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3,778,060 billion. During the same period last year, the company posted $1.60 EPS. Textron’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, research analysts predict that Textron Inc. will post 5.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TXT has been the subject of several research reports. Vertical Research upgraded shares of Textron from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Monday, January 6th. Robert W. Baird lowered their price target on shares of Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. UBS Group reduced their price objective on Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research note on Friday, October 25th. Susquehanna lowered their target price on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays reduced their price target on Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.64.

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.