Natixis Invests $177,000 in Textron Inc. (NYSE:TXT)

Natixis bought a new position in shares of Textron Inc. (NYSE:TXT) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,844 shares of the aerospace company’s stock, valued at approximately $177,000.

Other hedge funds have also modified their holdings of the company. CVA Family Office LLC purchased a new stake in shares of Textron during the 4th quarter worth about $29,000. Morton Brown Family Wealth LLC acquired a new position in shares of Textron during the 4th quarter worth about $40,000. Jones Financial Companies Lllp raised its position in shares of Textron by 200.0% during the 4th quarter. Jones Financial Companies Lllp now owns 507 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 338 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Textron by 677.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 544 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 474 shares during the last quarter. Finally, Spire Wealth Management raised its position in shares of Textron by 90.3% during the 4th quarter. Spire Wealth Management now owns 588 shares of the aerospace company’s stock worth $46,000 after purchasing an additional 279 shares during the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Textron

In related news, Director Kathleen M. Bader sold 11,870 shares of Textron stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $87.91, for a total value of $1,043,491.70. Following the completion of the sale, the director now owns 3,756 shares in the company, valued at approximately $330,189.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.

Textron Stock Up 0.8 %

TXT stock opened at $92.06 on Friday. The firm has a market cap of $17.56 billion, a PE ratio of 19.67, a PEG ratio of 1.45 and a beta of 1.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.66 and a current ratio of 1.64. The firm’s 50 day moving average price is $87.69 and its 200-day moving average price is $88.26. Textron Inc. has a one year low of $72.37 and a one year high of $97.33.

Textron (NYSE:TXT) last released its quarterly earnings results on Thursday, July 18th. The aerospace company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.48 by $0.06. The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.56 billion. Textron had a net margin of 6.67% and a return on equity of 16.41%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.46 EPS. On average, equities research analysts anticipate that Textron Inc. will post 6.26 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on TXT. The Goldman Sachs Group upped their price target on shares of Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Susquehanna cut their price objective on shares of Textron from $110.00 to $105.00 and set a “positive” rating for the company in a report on Friday, April 26th. UBS Group increased their price objective on shares of Textron from $84.00 to $87.00 and gave the company a “sell” rating in a report on Friday, July 19th. Bank of America increased their price objective on shares of Textron from $105.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday. Finally, TD Cowen increased their price objective on shares of Textron from $100.00 to $103.00 and gave the company a “buy” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.63.

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.