Textron Inc. (NYSE:TXT) Stock Holdings Boosted by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its position in Textron Inc. (NYSE:TXT) by 37.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,871 shares of the aerospace company’s stock after purchasing an additional 2,960 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Textron were worth $1,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC bought a new stake in shares of Textron during the fourth quarter valued at approximately $29,000. Morton Brown Family Wealth LLC acquired a new stake in Textron in the 4th quarter valued at approximately $40,000. Jones Financial Companies Lllp raised its stake in Textron by 200.0% during the 4th quarter. Jones Financial Companies Lllp now owns 507 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 338 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Textron by 677.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 544 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 474 shares during the period. Finally, Spire Wealth Management boosted its position in Textron by 90.3% during the 4th quarter. Spire Wealth Management now owns 588 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 279 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TXT. StockNews.com cut shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. UBS Group upped their price target on shares of Textron from $84.00 to $87.00 and gave the stock a “sell” rating in a research note on Friday, July 19th. Susquehanna dropped their target price on Textron from $110.00 to $105.00 and set a “positive” rating on the stock in a report on Friday, April 26th. TD Cowen increased their price target on Textron from $100.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, The Goldman Sachs Group boosted their price objective on Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.63.

Insider Transactions at Textron

In related news, Director Kathleen M. Bader sold 11,870 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $87.91, for a total value of $1,043,491.70. Following the completion of the sale, the director now owns 3,756 shares in the company, valued at approximately $330,189.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by insiders.

Textron Price Performance

Shares of NYSE TXT traded up $0.77 during mid-day trading on Friday, reaching $92.06. The company had a trading volume of 743,164 shares, compared to its average volume of 1,134,002. The company has a 50-day moving average price of $87.64 and a two-hundred day moving average price of $88.17. The stock has a market cap of $17.56 billion, a PE ratio of 19.65, a P/E/G ratio of 1.43 and a beta of 1.25. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.42. Textron Inc. has a 1-year low of $72.37 and a 1-year high of $97.33.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, July 18th. The aerospace company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Textron had a return on equity of 16.41% and a net margin of 6.67%. Textron’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. On average, equities analysts anticipate that Textron Inc. will post 6.26 earnings per share for the current year.

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.