Textron Inc. (NYSE:TXT) Stock Holdings Boosted by National Bank of Canada FI

National Bank of Canada FI boosted its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 43.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 208,741 shares of the aerospace company's stock after buying an additional 63,567 shares during the quarter. National Bank of Canada FI owned approximately 0.11% of Textron worth $15,967,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pflug Koory LLC increased its holdings in Textron by 0.9% in the 4th quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company's stock worth $1,054,000 after acquiring an additional 125 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Textron by 5.7% during the 4th quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company's stock valued at $200,000 after acquiring an additional 141 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Textron by 5.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company's stock valued at $228,000 after buying an additional 163 shares during the period. Foundations Investment Advisors LLC grew its position in Textron by 4.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 4,272 shares of the aerospace company's stock worth $327,000 after acquiring an additional 169 shares during the period. Finally, Uncommon Cents Investing LLC increased its position in shares of Textron by 2.2% during the 4th quarter. Uncommon Cents Investing LLC now owns 7,985 shares of the aerospace company's stock worth $611,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company's stock.

Insider Transactions at Textron

In other news, VP Mark S. Bamford sold 5,451 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $72.68, for a total value of $396,178.68. Following the transaction, the vice president now directly owns 18,223 shares in the company, valued at approximately $1,324,447.64. This trade represents a 23.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company's stock.

Textron Trading Down 4.8 %

TXT traded down $3.18 during trading on Thursday, hitting $63.60. The company's stock had a trading volume of 329,501 shares, compared to its average volume of 1,495,322. The firm's 50 day moving average price is $72.12 and its 200-day moving average price is $78.76. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $95.86. The stock has a market cap of $11.55 billion, a PE ratio of 14.78, a PEG ratio of 1.18 and a beta of 1.06. 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 (NYSE:TXT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. Textron had a net margin of 6.01% and a return on equity of 14.92%. The company had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the previous year, the company earned $1.60 EPS. The business's quarterly revenue was down 7.2% compared to the same quarter last year. On average, analysts expect that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Friday, March 14th. Textron's dividend payout ratio is presently 1.86%.

Analysts Set New Price Targets

TXT has been the topic of a number of research analyst reports. Robert W. Baird cut their target price on Textron from $100.00 to $92.00 and set an "outperform" rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Textron from $90.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Barclays dropped 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. Susquehanna reduced their target price on Textron from $100.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Finally, Citigroup lowered their price objective on shares of Textron from $118.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.