Atria Wealth Solutions Inc. Purchases 806 Shares of Textron Inc. (NYSE:TXT)

Atria Wealth Solutions Inc. grew its position in Textron Inc. (NYSE:TXT) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,681 shares of the aerospace company’s stock after acquiring an additional 806 shares during the period. Atria Wealth Solutions Inc.’s holdings in Textron were worth $698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. CVA Family Office LLC bought a new stake in Textron during the 4th quarter worth about $29,000. Trust Co. of Vermont acquired a new stake in shares of Textron in the third quarter valued at approximately $37,000. Provence Wealth Management Group bought a new position in Textron in the 3rd quarter worth approximately $39,000. Morton Brown Family Wealth LLC acquired a new position in Textron during the 4th quarter worth $40,000. Finally, Quent Capital LLC boosted its position in Textron by 29.2% in the 4th quarter. Quent Capital LLC now owns 633 shares of the aerospace company’s stock valued at $51,000 after buying an additional 143 shares during the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TXT. StockNews.com lowered Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. The Goldman Sachs Group lifted their price target on shares of Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Bank of America upgraded shares of Textron from a “neutral” rating to a “buy” rating and increased their price objective for the company from $85.00 to $105.00 in a report on Friday, March 8th. UBS Group lifted their target price on shares of Textron from $77.00 to $81.00 and gave the stock a “sell” rating in a report on Friday, January 26th. Finally, Citigroup increased their price target on Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.63.

Textron Trading Up 0.3 %

NYSE TXT opened at $85.59 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 0.84. The stock’s 50-day moving average is $92.10 and its 200-day moving average is $84.09. Textron Inc. has a one year low of $61.27 and a one year high of $97.33. The firm has a market cap of $16.32 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.35 and a beta of 1.32.

Textron (NYSE:TXT) last announced its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.08). Textron had a net margin of 6.75% and a return on equity of 16.30%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the firm posted $1.05 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts anticipate that Textron Inc. will post 6.27 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Textron’s dividend payout ratio (DPR) is 1.71%.

About Textron

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.