Brokerages Expect Textron Inc

Paterniano Del Favero
Giugno 9, 2017

Wall Street await Textron Inc. BlackRock Inc. now owns 17,144,765 shares of the aerospace company's stock valued at $815,921,000 after buying an additional 16,692,390 shares during the period. YHB Investment Advisors Inc. increased its position in Textron by 1.3% in the first quarter. Textron Inc. (NYSE:TXT) has risen 23.87% since June 7, 2016 and is uptrending.

TRADEMARK VIOLATION WARNING: "Northwestern Mutual Investment Management Company LLC Has $2.60 Million Position in Textron Inc". Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,490 shares of the aerospace company's stock worth $752,000 after buying an additional 100 shares in the last quarter. LLC increased its position in Textron by 30.2% in the first quarter. Capital Research Global Investors boosted its stake in Textron by 41.2% in the third quarter. Cadence Capital Management LLC now owns 7,952 shares of the aerospace company's stock worth $378,000 after buying an additional 135 shares in the last quarter. Vanguard Group Inc. boosted its stake in Textron by 3.4% in the first quarter. Federated Investors Inc. PA now owns 572,361 shares of the aerospace company's stock valued at $27,793,000 after buying an additional 565,603 shares in the last quarter.

Several other large investors have also modified their holdings of the stock. (NYSE TXT) traded up 0.23% during trading on Wednesday, hitting $47.05. 523,420 shares of the company's stock were exchanged.

It is now trading at $46.96 which is a tad under $47.05, the 50 day moving average and which is just under the 200 day moving average of $47.72. Textron has a 1-year low of $34.00 and a 1-year high of $50.93. Textron Inc. The company has a market capitalization of $12.56 billion, a P/E ratio of 13.99 and a beta of 1.61.

Textron (NYSE:TXT) last posted its quarterly earnings results on Wednesday, April 19th. The aerospace company reported $0.46 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.46. Textron had a return on equity of 13.36% and a net margin of 6.98%. The firm had revenue of $3.09 billion for the quarter, compared to analysts' expectations of $3.16 billion.

On average, analysts expect that Textron will report full year earnings of $2.52 per share for the current year, with EPS estimates ranging from $2.45 to $2.55.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 1st. Investors of record on Friday, June 9th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Wednesday, June 7th. Textron's dividend payout ratio is now 2.27%.

TXT has been the topic of a number of research analyst reports. Credit Suisse Group AG restated a "buy" rating and set a $50.00 price objective on shares of Textron in a report on Tuesday, April 11th. (NYSE:TXT) earned "Buy" rating by Citigroup on Wednesday, September 2. As per Monday, December 5, the company rating was maintained by Deutsche Bank. Cowen and Company restated an "outperform" rating and issued a $60.00 price target on shares of Textron in a research report on Saturday, April 22nd. Finally, Stephens assumed coverage on shares of Textron in a report on Thursday, April 13th. They issued an "equal weight" rating and a $54.00 price target for the company.

Among 12 analysts covering Textron (NYSE:TXT), 8 have Buy rating, 1 Sell and 3 Hold. Robert W. Baird has "Outperform" rating and $48 target. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and global copyright & trademark law. (NYSE:TXT) on Thursday, January 28 to "Hold" rating.

Textron Inc.is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide clients with services and products across the world.

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