Textron Inc. (NYSE:TXT) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. decreased its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 20.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 20,335 shares of the aerospace company's stock after selling 5,084 shares during the period. Montag A & Associates Inc.'s holdings in Textron were worth $1,556,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in shares of Textron during the third quarter worth $26,000. Capital Performance Advisors LLP purchased a new stake in Textron in the 3rd quarter valued at about $42,000. Eastern Bank purchased a new stake in Textron in the 4th quarter valued at about $42,000. Truvestments Capital LLC acquired a new position in shares of Textron during the 3rd quarter valued at about $43,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 232 shares during the period. Institutional investors and hedge funds own 86.03% of the company's stock.

Textron Stock Down 0.2 %

Textron stock traded down $0.11 during midday trading on Thursday, hitting $72.49. 969,695 shares of the company were exchanged, compared to its average volume of 1,342,585. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. Textron Inc. has a fifty-two week low of $71.94 and a fifty-two week high of $97.33. The company's fifty day moving average price is $76.55 and its 200-day moving average price is $82.86. The company has a market cap of $13.23 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27.

Textron (NYSE:TXT - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.07. The business had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3.78 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. The business's revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 earnings per share. On average, research analysts predict that Textron Inc. will post 6.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group lowered their target price on shares of Textron from $87.00 to $79.00 and set a "sell" rating for the company in a report on Friday, October 25th. Bank of America cut shares of Textron from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $110.00 to $85.00 in a research note on Friday, January 24th. Citigroup reduced their target price on Textron from $118.00 to $111.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. TD Cowen upgraded Textron to a "hold" rating in a research note on Thursday, December 19th. Finally, Robert W. Baird reduced their price objective on Textron from $100.00 to $92.00 and set an "outperform" rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $93.45.

Textron 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.