World Investment Advisors Purchases 1,006 Shares of Textron Inc. (NYSE:TXT)

World Investment Advisors grew its position in shares of Textron Inc. (NYSE:TXT) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,387 shares of the aerospace company’s stock after buying an additional 1,006 shares during the quarter. World Investment Advisors’ holdings in Textron were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Textron in the 4th quarter valued at approximately $31,000. Eastern Bank purchased a new position in shares of Textron during the fourth quarter valued at approximately $42,000. Golden State Wealth Management LLC purchased a new position in shares of Textron during the fourth quarter valued at approximately $63,000. McClarren Financial Advisors Inc. bought a new position in Textron during the fourth quarter valued at approximately $68,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Textron by 33.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 964 shares of the aerospace company’s stock worth $74,000 after purchasing an additional 239 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. TD Cowen upgraded shares of Textron to a “hold” rating in a research note on Monday, February 24th. Robert W. Baird reduced their price objective on Textron from $100.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their target price on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley cut their price target on Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Finally, Bank of America cut shares of Textron from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $110.00 to $85.00 in a research note on Friday, January 24th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.45.

Textron Trading Up 0.5 %

Textron stock opened at $61.04 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $97.34. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 1.18 and a beta of 1.06. The firm has a 50 day moving average of $73.14 and a 200 day moving average of $79.30.

Textron (NYSE:TXT) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the prior year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, research analysts predict that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.13%. Textron’s dividend payout ratio is currently 1.86%.

Insider Activity at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $72.68, for a total value of $396,178.68. Following the completion of the transaction, the vice president now owns 18,223 shares in the company, valued at approximately $1,324,447.64. This trade represents a 23.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by insiders.

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.