Uncommon Cents Investing LLC Buys 3,275 Shares of Textron Inc. (NYSE:TXT)

Uncommon Cents Investing LLC lifted its holdings in Textron Inc. (NYSE:TXT) by 92.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,810 shares of the aerospace company’s stock after buying an additional 3,275 shares during the period. Uncommon Cents Investing LLC’s holdings in Textron were worth $548,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Strong Tower Advisory Services raised its position in shares of Textron by 3.7% in the 4th quarter. Strong Tower Advisory Services now owns 12,474 shares of the aerospace company’s stock worth $1,003,000 after acquiring an additional 449 shares in the last quarter. Lincoln Capital Corp raised its position in shares of Textron by 63.4% in the 4th quarter. Lincoln Capital Corp now owns 33,484 shares of the aerospace company’s stock worth $2,693,000 after acquiring an additional 12,996 shares in the last quarter. Elk River Wealth Management LLC raised its position in shares of Textron by 1.1% in the 4th quarter. Elk River Wealth Management LLC now owns 62,250 shares of the aerospace company’s stock worth $5,007,000 after acquiring an additional 684 shares in the last quarter. Pacer Advisors Inc. increased its position in Textron by 10.9% in the 4th quarter. Pacer Advisors Inc. now owns 14,910 shares of the aerospace company’s stock valued at $1,199,000 after buying an additional 1,466 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in Textron in the 4th quarter valued at about $29,000. 86.03% of the stock is owned by institutional investors.

Textron Stock Performance

Shares of NYSE TXT traded down $0.32 during midday trading on Thursday, reaching $95.93. The company’s stock had a trading volume of 1,437,349 shares, compared to its average volume of 1,178,032. Textron Inc. has a 12-month low of $61.27 and a 12-month high of $96.80. The firm has a 50 day moving average price of $88.14 and a 200-day moving average price of $81.35. The stock has a market capitalization of $18.46 billion, a P/E ratio of 21.06, a PEG ratio of 1.51 and a beta of 1.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.92 and a quick ratio of 1.03.

Textron (NYSE:TXT) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.97 billion. Textron had a net margin of 6.73% and a return on equity of 16.05%. Textron’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. As a group, equities analysts predict that Textron Inc. will post 6.27 earnings per share for the current year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. Textron’s payout ratio is 1.75%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TXT. StockNews.com raised Textron from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. lifted their price target on Textron from $84.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, December 20th. UBS Group lifted their price target on Textron from $77.00 to $81.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Bank of America upgraded Textron from a “neutral” rating to a “buy” rating and lifted their price target for the company from $85.00 to $105.00 in a research note on Friday, March 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $98.00 price target on shares of Textron in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Textron presently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

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.