Textron Inc. (NYSE:TXT) Shares Acquired by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. boosted its position in shares of Textron Inc. (NYSE:TXT) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 40,381 shares of the aerospace company’s stock after acquiring an additional 1,058 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Textron were worth $3,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in TXT. True Wealth Design LLC acquired a new position in shares of Textron in the third quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new position in shares of Textron in the third quarter worth $42,000. Eastern Bank acquired a new position in shares of Textron in the fourth quarter worth $42,000. Truvestments Capital LLC acquired a new position in Textron in the third quarter valued at $43,000. Finally, Venturi Wealth Management LLC increased its stake in Textron by 69.5% in the third quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on TXT shares. Citigroup dropped their price target on Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. TD Cowen raised Textron to a “hold” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. reduced their price target on Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Morgan Stanley reduced their price target on Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Finally, Susquehanna reduced their price target on Textron from $100.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.45.

Textron Stock Performance

NYSE TXT opened at $72.81 on Thursday. The firm’s fifty day moving average price is $77.54 and its two-hundred day moving average price is $83.50. The stock has a market cap of $13.51 billion, a PE ratio of 16.89, a PEG ratio of 1.23 and a beta of 1.27. Textron Inc. has a fifty-two week low of $72.62 and a fifty-two week 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 for the quarter, beating the consensus estimate of $1.27 by $0.07. Textron had a net margin of 6.01% and a return on equity of 14.92%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business earned $1.60 earnings per share. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, equities analysts expect that Textron Inc. will post 6.1 EPS for the current fiscal year.

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.