Pure Financial Advisors LLC Invests $211,000 in Textron Inc. (NYSE:TXT)

Pure Financial Advisors LLC purchased a new position in Textron Inc. (NYSE:TXT) during the 4th quarter, HoldingsChannel reports. The fund purchased 2,764 shares of the aerospace company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Uncommon Cents Investing LLC lifted its stake in Textron by 2.2% in the 4th quarter. Uncommon Cents Investing LLC now owns 7,985 shares of the aerospace company’s stock worth $611,000 after purchasing an additional 175 shares in the last quarter. HB Wealth Management LLC lifted its position in Textron by 11.6% during the fourth quarter. HB Wealth Management LLC now owns 4,773 shares of the aerospace company’s stock worth $365,000 after buying an additional 496 shares in the last quarter. Merit Financial Group LLC lifted its position in Textron by 5.9% during the fourth quarter. Merit Financial Group LLC now owns 4,784 shares of the aerospace company’s stock worth $366,000 after buying an additional 265 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Textron by 34.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 11,617 shares of the aerospace company’s stock worth $889,000 after buying an additional 2,948 shares during the last quarter. Finally, Richard P Slaughter Associates Inc grew its holdings in Textron by 3.4% in the 4th quarter. Richard P Slaughter Associates Inc now owns 34,214 shares of the aerospace company’s stock valued at $2,617,000 after buying an additional 1,133 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TXT shares. Barclays lowered their price target on shares of Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. JPMorgan Chase & Co. cut their price target on shares of Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. TD Cowen upgraded Textron to a “hold” rating in a report on Thursday, December 19th. Citigroup lowered their price objective on Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Vertical Research upgraded Textron from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Textron presently has a consensus rating of “Moderate Buy” and an average price target of $97.64.

Textron Stock Performance

NYSE TXT opened at $78.40 on Thursday. 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 $14.54 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.21 and a beta of 1.27. The stock has a 50-day moving average of $80.19 and a two-hundred day moving average of $85.01. Textron Inc. has a 1-year low of $74.89 and a 1-year high of $97.33.

Textron (NYSE:TXT) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share 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 analysts’ expectations of $3,778,060 billion. Textron had a net margin of 6.30% and a return on equity of 16.02%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 earnings per share. As a group, analysts anticipate that Textron Inc. will post 5.42 EPS for the current year.

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.