HFG Advisors Inc. Sells 704 Shares of Textron Inc. (NYSE:TXT)

HFG Advisors Inc. reduced its holdings in Textron Inc. (NYSE:TXT) by 23.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,340 shares of the aerospace company’s stock after selling 704 shares during the period. HFG Advisors Inc.’s holdings in Textron were worth $201,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its stake in Textron by 18.6% in the fourth quarter. Lindbrook Capital LLC now owns 777 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 122 shares in the last quarter. True Vision MN LLC raised its position in shares of Textron by 2.5% during the first quarter. True Vision MN LLC now owns 5,352 shares of the aerospace company’s stock worth $513,000 after acquiring an additional 133 shares during the last quarter. Allworth Financial LP raised its position in shares of Textron by 12.0% during the fourth quarter. Allworth Financial LP now owns 1,283 shares of the aerospace company’s stock worth $103,000 after acquiring an additional 137 shares during the last quarter. Czech National Bank raised its position in shares of Textron by 0.5% during the first quarter. Czech National Bank now owns 34,487 shares of the aerospace company’s stock worth $3,308,000 after acquiring an additional 157 shares during the last quarter. Finally, Altman Advisors Inc. raised its position in shares of Textron by 0.8% during the fourth quarter. Altman Advisors Inc. now owns 21,357 shares of the aerospace company’s stock worth $1,718,000 after acquiring an additional 159 shares during the last quarter. 86.03% of the stock is owned by institutional investors.

Textron Trading Up 0.4 %

Shares of Textron stock traded up $0.35 during trading hours on Friday, hitting $85.13. The company’s stock had a trading volume of 796,142 shares, compared to its average volume of 1,124,420. Textron Inc. has a 12 month low of $73.78 and a 12 month high of $97.33. The stock has a 50 day moving average of $87.65 and a 200 day moving average of $88.97. The company has a market capitalization of $16.23 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.79 and a quick ratio of 0.81.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, July 18th. The aerospace company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.06. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Textron had a return on equity of 16.41% and a net margin of 6.67%. Textron’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. Analysts predict that Textron Inc. will post 6.26 earnings per share for the current year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.08 annualized dividend and a yield of 0.09%. Textron’s dividend payout ratio (DPR) is presently 1.71%.

Insider Activity at Textron

In related news, Director Kathleen M. Bader sold 11,870 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $87.91, for a total transaction of $1,043,491.70. Following the completion of the transaction, the director now directly owns 3,756 shares of the company’s stock, valued at $330,189.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

TXT has been the subject of a number of recent research reports. TD Cowen boosted their target price on Textron from $100.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Bank of America upped their price objective on Textron from $105.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Citigroup upped their price objective on Textron from $111.00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 22nd. UBS Group upped their price objective on Textron from $84.00 to $87.00 and gave the company a “sell” rating in a report on Friday, July 19th. Finally, The Goldman Sachs Group upped their price objective on Textron from $103.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.50.

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.