Kwmg LLC Buys 2,184 Shares of Textron Inc. (NYSE:TXT)

Kwmg LLC raised its holdings in Textron Inc. (NYSE:TXT) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,642 shares of the aerospace company’s stock after purchasing an additional 2,184 shares during the quarter. Kwmg LLC’s holdings in Textron were worth $6,321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. True Wealth Design LLC acquired a new position in Textron during the third quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new stake in shares of Textron in the third quarter valued at about $42,000. Eastern Bank acquired a new stake in shares of Textron in the fourth quarter valued at about $42,000. Truvestments Capital LLC bought a new stake in Textron during the third quarter worth about $43,000. Finally, Venturi Wealth Management LLC boosted its position in Textron by 69.5% during 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.

Textron Stock Performance

Textron stock traded up $1.30 during midday trading on Monday, hitting $76.95. The company’s stock had a trading volume of 815,019 shares, compared to its average volume of 1,207,453. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 0.82. The company has a market cap of $14.28 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.46 and a beta of 1.27. Textron Inc. has a 1-year low of $74.89 and a 1-year high of $97.33. The company has a 50-day moving average price of $81.41 and a two-hundred day moving average price of $85.40.

Textron (NYSE:TXT) last released its quarterly earnings results on Thursday, October 24th. The aerospace company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09). The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.50 billion. Textron had a net margin of 6.30% and a return on equity of 16.02%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 earnings per share. As a group, sell-side analysts predict that Textron Inc. will post 5.52 earnings per share for the current year.

Textron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Textron’s dividend payout ratio is currently 1.76%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TXT. JPMorgan Chase & Co. dropped their price objective on Textron from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Robert W. Baird reduced their price target on Textron from $109.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Susquehanna dropped their price objective on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. UBS Group reduced their target price on Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research note on Friday, October 25th. Finally, TD Cowen upgraded Textron to a “hold” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Textron has a consensus rating of “Moderate Buy” and a consensus target price of $98.64.

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.