Paradigm Asset Management Co. LLC Purchases 300 Shares of Textron Inc. (NYSE:TXT)

Paradigm Asset Management Co. LLC increased its position in Textron Inc. (NYSE:TXT) by 2.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,200 shares of the aerospace company’s stock after acquiring an additional 300 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Textron were worth $857,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in shares of Textron in the third quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new position in shares of Textron in the third quarter worth approximately $42,000. Truvestments Capital LLC purchased a new stake in Textron during the third quarter valued at about $43,000. Eastern Bank purchased a new position in shares of Textron during the fourth quarter worth approximately $42,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Textron by 69.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock valued at $50,000 after acquiring an additional 232 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors.

Textron Trading Down 0.2 %

Shares of TXT opened at $72.49 on Friday. The company has a market cap of $13.23 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.18 and a beta of 1.27. Textron Inc. has a twelve month low of $71.94 and a twelve month high of $97.33. The company’s fifty day simple moving average is $76.37 and its 200-day simple moving average is $82.79. 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 (NYSE:TXT) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. The company had revenue of $3.61 billion for 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%. Textron’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the business posted $1.60 EPS. As a group, analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on TXT. TD Cowen raised Textron to a “hold” rating in a research report on Thursday, December 19th. Robert W. Baird decreased their target price on shares of Textron from $100.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Barclays lowered their price objective 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 lowered their target price on Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a research report on Friday, October 25th. Finally, Morgan Stanley dropped their price target on shares of Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.45.

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.