Foundations Investment Advisors LLC Has $327,000 Position in Textron Inc. (NYSE:TXT)

Foundations Investment Advisors LLC raised its stake in shares of Textron Inc. (NYSE:TXT) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,272 shares of the aerospace company’s stock after purchasing an additional 169 shares during the period. Foundations Investment Advisors LLC’s holdings in Textron were worth $327,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its holdings in Textron by 13.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 495,411 shares of the aerospace company’s stock valued at $43,884,000 after buying an additional 57,967 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Textron by 0.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 471,039 shares of the aerospace company’s stock valued at $41,725,000 after acquiring an additional 4,327 shares during the period. Wellington Management Group LLP increased its position in Textron by 18.0% during the third quarter. Wellington Management Group LLP now owns 401,475 shares of the aerospace company’s stock worth $35,563,000 after acquiring an additional 61,248 shares during the period. BNP Paribas Financial Markets raised its stake in Textron by 14.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 398,366 shares of the aerospace company’s stock valued at $35,287,000 after purchasing an additional 50,936 shares during the last quarter. Finally, National Pension Service boosted its holdings in Textron by 2.6% in the 3rd quarter. National Pension Service now owns 368,481 shares of the aerospace company’s stock valued at $32,640,000 after purchasing an additional 9,491 shares during the period. Institutional investors own 86.03% of the company’s stock.

Textron Stock Down 0.2 %

TXT opened at $76.54 on Friday. Textron Inc. has a twelve month low of $74.89 and a twelve month high of $97.33. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.24 and a beta of 1.27. The firm’s 50-day simple moving average is $79.27 and its 200-day simple moving average is $84.53. 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 posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.78 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. The company’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.60 earnings per share. Equities research analysts anticipate that Textron Inc. will post 6.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TXT has been the topic of several research reports. Morgan Stanley dropped their price objective on shares of Textron from $86.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Susquehanna cut 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. Citigroup decreased their price objective on Textron from $118.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Vertical Research upgraded Textron from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Monday, January 6th. Finally, UBS Group decreased their price target on shares of Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $93.45.

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.