Mirae Asset Global Investments Co. Ltd. Has $1.34 Million Stock Holdings in Textron Inc. (NYSE:TXT)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Textron Inc. (NYSE:TXT - Free Report) by 44.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,390 shares of the aerospace company's stock after purchasing an additional 5,367 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Textron were worth $1,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Empirical Finance LLC increased its holdings in Textron by 1.7% in the third quarter. Empirical Finance LLC now owns 7,047 shares of the aerospace company's stock valued at $624,000 after buying an additional 115 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Textron by 4.9% during the third quarter. Apollon Wealth Management LLC now owns 2,655 shares of the aerospace company's stock valued at $235,000 after purchasing an additional 125 shares during the last quarter. Pflug Koory LLC grew 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 buying an additional 125 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in 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 worth $228,000 after buying an additional 163 shares in the last quarter. Finally, Creative Planning grew its holdings in Textron by 0.4% in the 3rd quarter. Creative Planning now owns 37,304 shares of the aerospace company's stock worth $3,304,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley decreased their price objective on Textron from $86.00 to $82.00 and set an "equal weight" rating for the company in a report on Thursday, January 23rd. Susquehanna decreased their price objective on Textron from $100.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Bank of America lowered Textron from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $110.00 to $85.00 in a report on Friday, January 24th. Citigroup cut their target price on Textron from $118.00 to $111.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Finally, Barclays cut their target price on Textron from $104.00 to $95.00 and set an "overweight" rating for the company in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.45.

Textron Price Performance

Shares of NYSE:TXT traded down $0.75 on Friday, reaching $72.35. 1,582,154 shares of the company traded hands, compared to its average volume of 1,333,558. Textron Inc. has a fifty-two week low of $72.03 and a fifty-two week high of $97.33. The company's 50 day moving average is $77.13 and its 200-day moving average is $83.24. The stock has a market capitalization of $13.42 billion, a PE ratio of 16.79, a P/E/G ratio of 1.23 and a beta of 1.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 0.82.

Textron (NYSE:TXT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.07. Textron had a return on equity of 14.92% and a net margin of 6.01%. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The company's quarterly revenue was down 7.2% compared to the same quarter last year. As a group, analysts anticipate that Textron Inc. will post 6.1 earnings per share for the current fiscal year.

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.