Textron (NYSE:TXT) Hits New 1-Year Low - Should You Sell?

Shares of Textron Inc. (NYSE:TXT - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $71.94 and last traded at $72.54, with a volume of 98591 shares trading hands. The stock had previously closed at $72.28.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays decreased their target price on Textron from $104.00 to $95.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. Citigroup reduced their price target on shares of Textron from $118.00 to $111.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. TD Cowen raised shares of Textron to a "hold" rating in a report on Thursday, December 19th. Susquehanna reduced their target price on shares of Textron from $100.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Textron from $90.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $93.45.

Textron Stock Performance

The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45. The firm has a market cap of $13.21 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 1.18 and a beta of 1.27. The business's 50-day simple moving average is $76.20 and its two-hundred day simple moving average is $82.71.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share for the quarter, topping 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 analysts' expectations of $3.78 billion. During the same quarter in the prior year, the firm posted $1.60 EPS. Textron's quarterly revenue was down 7.2% compared to the same quarter last year. As a group, sell-side analysts expect that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Balyasny Asset Management L.P. raised its position in Textron by 6,785.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,236,441 shares of the aerospace company's stock worth $94,575,000 after acquiring an additional 1,218,485 shares during the period. Invesco Ltd. increased its stake in shares of Textron by 17.8% during the fourth quarter. Invesco Ltd. now owns 7,733,335 shares of the aerospace company's stock worth $591,523,000 after purchasing an additional 1,167,105 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Textron during the 4th quarter worth about $41,451,000. D. E. Shaw & Co. Inc. raised its position in shares of Textron by 97.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,031,144 shares of the aerospace company's stock worth $78,872,000 after purchasing an additional 510,085 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Textron by 4.7% in the fourth quarter. Boston Partners now owns 7,483,692 shares of the aerospace company's stock valued at $572,465,000 after acquiring an additional 333,127 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company's stock.

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.