Investors sold shares of Textron (NYSE:TXT) on strength during trading on Monday. $11.67 million flowed into the stock on the tick-up and $19.79 million flowed out of the stock on the tick-down, for a money net flow of $8.12 million out of the stock. Of all equities tracked, Textron had the 24th highest net out-flow for the day. Textron traded up $0.11 for the day and closed at $58.94
A number of research analysts recently commented on TXT shares. Zacks Investment Research upgraded shares of Textron from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Wells Fargo restated an “outperform” rating and issued a $67.00 price target (up previously from $59.00) on shares of Textron in a research report on Tuesday, January 16th. Stephens set a $65.00 price target on shares of Textron and gave the stock a “hold” rating in a research report on Thursday, January 11th. ValuEngine upgraded shares of Textron from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Cowen restated a “buy” rating and issued a $70.00 price target on shares of Textron in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $60.50.
The company has a debt-to-equity ratio of 0.69, a current ratio of 2.19 and a quick ratio of 1.06. The stock has a market cap of $15,400.05, a PE ratio of 51.70, a PEG ratio of 1.85 and a beta of 1.37.
Textron (NYSE:TXT) last posted its quarterly earnings results on Wednesday, January 31st. The aerospace company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.03). Textron had a return on equity of 11.58% and a net margin of 2.16%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. equities analysts expect that Textron will post 3.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.14%. The ex-dividend date is Thursday, March 8th. Textron’s payout ratio is 7.02%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC purchased a new position in Textron during the 3rd quarter worth approximately $110,000. Invictus RG purchased a new position in Textron during the 3rd quarter worth approximately $115,000. Cerebellum GP LLC purchased a new position in Textron during the 4th quarter worth approximately $133,000. Commerzbank Aktiengesellschaft FI purchased a new position in Textron during the 3rd quarter worth approximately $201,000. Finally, BB&T Securities LLC purchased a new position in Textron during the 3rd quarter worth approximately $203,000. Hedge funds and other institutional investors own 83.25% of the company’s stock.
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Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.
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