895 Shares in Textron Inc. (NYSE:TXT) Bought by McClarren Financial Advisors Inc.

McClarren Financial Advisors Inc. acquired a new stake in Textron Inc. (NYSE:TXT) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 895 shares of the aerospace company’s stock, valued at approximately $68,000.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in shares of Textron in the 3rd quarter worth $26,000. Capital Performance Advisors LLP acquired a new stake in Textron in the third quarter valued at about $42,000. Truvestments Capital LLC acquired a new stake in Textron in the third quarter valued at about $43,000. Eastern Bank purchased a new stake in Textron in the 4th quarter valued at approximately $42,000. Finally, Venturi Wealth Management LLC increased its position in 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 purchasing an additional 232 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Susquehanna reduced 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. Vertical Research raised Textron from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Monday, January 6th. 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 note on Monday, December 23rd. UBS Group decreased their price objective on shares of Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. dropped their target price 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.45.

Textron Price Performance

Shares of NYSE:TXT opened at $72.81 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 1.83. The business’s fifty day moving average price is $77.54 and its two-hundred day moving average price is $83.50. The stock has a market cap of $13.51 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.23 and a beta of 1.27. Textron Inc. has a one year low of $72.62 and a one year high of $97.33.

Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 earnings per share. On average, analysts forecast that Textron Inc. will post 6.1 EPS for the current fiscal 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.