Textron Inc. (NYSE:TXT) Shares Purchased by Bokf Na

Bokf Na lifted its holdings in Textron Inc. (NYSE:TXT) by 2.5% in the first quarter, HoldingsChannel reports. The firm owned 26,575 shares of the aerospace company’s stock after buying an additional 640 shares during the quarter. Bokf Na’s holdings in Textron were worth $2,533,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Lindbrook Capital LLC grew its holdings in shares of Textron by 18.6% in the fourth quarter. Lindbrook Capital LLC now owns 777 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 122 shares in the last quarter. True Vision MN LLC grew its holdings in shares of Textron by 2.5% in the first quarter. True Vision MN LLC now owns 5,352 shares of the aerospace company’s stock valued at $513,000 after purchasing an additional 133 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Textron by 12.0% in the fourth quarter. Allworth Financial LP now owns 1,283 shares of the aerospace company’s stock valued at $103,000 after purchasing an additional 137 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Textron by 29.2% in the fourth quarter. Quent Capital LLC now owns 633 shares of the aerospace company’s stock valued at $51,000 after purchasing an additional 143 shares in the last quarter. Finally, Czech National Bank lifted its stake in Textron by 0.5% in the first quarter. Czech National Bank now owns 34,487 shares of the aerospace company’s stock worth $3,308,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Up 0.8 %

Shares of NYSE:TXT traded up $0.77 during trading on Friday, hitting $92.06. 743,273 shares of the company were exchanged, compared to its average volume of 1,031,720. The firm’s 50 day moving average price is $87.69 and its 200-day moving average price is $88.33. Textron Inc. has a 12-month low of $72.37 and a 12-month high of $97.33. The stock has a market capitalization of $17.56 billion, a P/E ratio of 19.67, a PEG ratio of 1.46 and a beta of 1.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.64 and a quick ratio of 0.66.

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. Textron had a net margin of 6.67% and a return on equity of 16.41%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. Textron’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, research analysts predict that Textron Inc. will post 6.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TXT shares. The Goldman Sachs Group lifted their price target on shares of Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. TD Cowen lifted their price target on shares of Textron from $100.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. UBS Group lifted their price target on shares of Textron from $84.00 to $87.00 and gave the stock a “sell” rating in a research note on Friday, July 19th. Bank of America lifted their price target on shares of Textron from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com downgraded shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.63.

Insider Activity at Textron

In other Textron news, Director Kathleen M. Bader sold 11,870 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 3,756 shares of the company’s stock, valued at approximately $330,189.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by insiders.

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.