Kentucky Retirement Systems Insurance Trust Fund Has $762,000 Stock Position in Textron Inc. (NYSE:TXT)

Kentucky Retirement Systems Insurance Trust Fund raised its position in Textron Inc. (NYSE:TXT - Free Report) by 79.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,956 shares of the aerospace company's stock after buying an additional 4,409 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Textron were worth $762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its position in shares of Textron by 3.9% during the 4th quarter. CIBC Asset Management Inc now owns 28,609 shares of the aerospace company's stock worth $2,188,000 after buying an additional 1,081 shares during the last quarter. Allworth Financial LP raised its position in Textron by 11.6% in the fourth quarter. Allworth Financial LP now owns 1,801 shares of the aerospace company's stock valued at $141,000 after purchasing an additional 187 shares during the last quarter. AustralianSuper Pty Ltd raised its position in Textron by 56.8% in the fourth quarter. AustralianSuper Pty Ltd now owns 132,921 shares of the aerospace company's stock valued at $10,167,000 after purchasing an additional 48,147 shares during the last quarter. V Square Quantitative Management LLC raised its position in Textron by 5.7% in the fourth quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company's stock valued at $200,000 after purchasing an additional 141 shares during the last quarter. Finally, Stanley Laman Group Ltd. raised its position in Textron by 2.7% in the fourth quarter. Stanley Laman Group Ltd. now owns 40,381 shares of the aerospace company's stock valued at $3,089,000 after purchasing an additional 1,058 shares during the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Trading Down 0.2 %

NYSE TXT traded down $0.11 on Thursday, reaching $72.49. 969,695 shares of the company were exchanged, compared to its average volume of 1,342,585. The business's fifty day moving average price is $76.37 and its 200 day moving average price is $82.79. The stock has a market capitalization of $13.23 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. 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 Inc. has a fifty-two week low of $71.94 and a fifty-two week high of $97.33.

Textron (NYSE:TXT - Get Free Report) last posted 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 return on equity of 14.92% and a net margin of 6.01%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the business earned $1.60 EPS. The company's quarterly revenue was down 7.2% compared to the same quarter last year. Analysts forecast that Textron Inc. will post 6.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TXT has been the subject of several recent research reports. Vertical Research raised Textron from a "hold" rating to a "buy" rating and set a $91.00 price target for the company in a research note on Monday, January 6th. UBS Group decreased their target price on Textron from $87.00 to $79.00 and set a "sell" rating for the company in a research note on Friday, October 25th. Barclays decreased their target price on Textron from $104.00 to $95.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. Citigroup decreased their target price on Textron from $118.00 to $111.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Finally, Robert W. Baird decreased their target price on Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Textron currently has an average rating of "Moderate Buy" and a consensus 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.