Textron Inc. (NYSE:TXT) Shares Bought by U S Global Investors Inc.

U S Global Investors Inc. raised its stake in shares of Textron Inc. (NYSE:TXT) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 262,574 shares of the aerospace company’s stock after acquiring an additional 30,831 shares during the period. Textron makes up 2.0% of U S Global Investors Inc.’s investment portfolio, making the stock its 17th biggest holding. U S Global Investors Inc.’s holdings in Textron were worth $20,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of TXT. True Wealth Design LLC acquired a new position in Textron in the 3rd quarter valued at $26,000. Capital Performance Advisors LLP acquired a new stake in Textron in the third quarter valued at about $42,000. Truvestments Capital LLC purchased a new stake in Textron in the 3rd quarter valued at approximately $43,000. Eastern Bank acquired a new position in Textron during the 4th quarter worth approximately $42,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Textron by 69.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock worth $50,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TXT. Susquehanna dropped their price objective on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Bank of America cut shares of Textron from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $110.00 to $85.00 in a research note on Friday, January 24th. Vertical Research raised shares of Textron from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Monday, January 6th. Barclays dropped their target price on shares of Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Finally, JPMorgan Chase & Co. lowered their price target on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $93.45.

Textron Price Performance

TXT stock opened at $73.19 on Friday. The stock has a market capitalization of $13.36 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. The stock’s fifty day simple moving average is $75.77 and its 200-day simple moving average is $82.39. Textron Inc. has a 52-week low of $71.67 and a 52-week high of $97.33. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT) last released its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.78 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. Textron’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 earnings per share. Equities research analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.08 annualized dividend and a yield of 0.11%. Textron’s dividend payout ratio is presently 1.86%.

Insider Activity

In other Textron news, VP Mark S. Bamford sold 5,451 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $72.68, for a total transaction of $396,178.68. Following the transaction, the vice president now owns 18,223 shares in the company, valued at $1,324,447.64. The trade was a 23.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

About Textron

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.