Textron Inc. (NYSE:TXT) Holdings Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its stake in Textron Inc. (NYSE:TXT) by 3.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,252 shares of the aerospace company’s stock after selling 489 shares during the quarter. Yousif Capital Management LLC’s holdings in Textron were worth $1,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in Textron during the fourth quarter valued at about $11,523,000. National Bank of Canada FI boosted its stake in Textron by 161.8% in the 3rd quarter. National Bank of Canada FI now owns 145,174 shares of the aerospace company’s stock worth $12,860,000 after purchasing an additional 89,724 shares during the period. Vinva Investment Management Ltd boosted its stake in Textron by 1,757.6% in the 3rd quarter. Vinva Investment Management Ltd now owns 72,446 shares of the aerospace company’s stock worth $6,357,000 after purchasing an additional 68,546 shares during the period. Wellington Management Group LLP grew its position in Textron by 18.0% during the 3rd quarter. Wellington Management Group LLP now owns 401,475 shares of the aerospace company’s stock worth $35,563,000 after purchasing an additional 61,248 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Textron by 13.3% during 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 purchasing an additional 57,967 shares during the period. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Stock Up 0.5 %

Shares of Textron stock opened at $73.13 on Friday. Textron Inc. has a 12-month low of $72.62 and a 12-month high of $97.33. The stock has a market capitalization of $13.35 billion, a P/E ratio of 16.97, a PEG ratio of 1.23 and a beta of 1.27. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $77.34 and a two-hundred day moving average price of $83.43.

Textron (NYSE:TXT) last announced its earnings results 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. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.60 EPS. Equities analysts expect that Textron Inc. will post 6.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group lowered their price target on Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a report on Friday, October 25th. TD Cowen raised Textron to a “hold” rating in a research note on Thursday, December 19th. Citigroup reduced their price target on shares of Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price objective on shares of Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Barclays cut their target price on shares of Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. 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’s stock. Based on data from MarketBeat.com, Textron currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.45.

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.