GPS Wealth Strategies Group LLC Sells 3,088 Shares of Textron Inc. (NYSE:TXT)

GPS Wealth Strategies Group LLC decreased its stake in Textron Inc. (NYSE:TXT) by 89.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378 shares of the aerospace company’s stock after selling 3,088 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Textron were worth $29,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. lifted its stake in Textron by 3.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 511,770 shares of the aerospace company’s stock valued at $39,145,000 after purchasing an additional 16,359 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Textron by 0.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 471,039 shares of the aerospace company’s stock valued at $41,725,000 after acquiring an additional 4,327 shares during the period. Wellington Management Group LLP increased its position in Textron by 18.0% in the 3rd quarter. Wellington Management Group LLP now owns 401,475 shares of the aerospace company’s stock valued at $35,563,000 after acquiring an additional 61,248 shares during the period. BNP Paribas Financial Markets increased its position in Textron by 14.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 398,366 shares of the aerospace company’s stock valued at $35,287,000 after acquiring an additional 50,936 shares during the period. Finally, National Pension Service increased its position in Textron by 2.6% in the 3rd quarter. National Pension Service now owns 368,481 shares of the aerospace company’s stock valued at $32,640,000 after acquiring an additional 9,491 shares during the period. Institutional investors own 86.03% of the company’s stock.

Textron Trading Down 0.0 %

Shares of Textron stock opened at $75.41 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 1.83. Textron Inc. has a 52 week low of $74.12 and a 52 week high of $97.33. The stock has a 50 day moving average price of $78.87 and a two-hundred day moving average price of $84.18. The stock has a market capitalization of $13.99 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.25 and a beta of 1.27.

Textron (NYSE:TXT) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. Textron had a net margin of 6.01% and a return on equity of 14.92%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the firm posted $1.60 EPS. Textron’s revenue was down 7.2% compared to the same quarter last year. As a group, equities analysts anticipate that Textron Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TXT. Barclays decreased their price target on shares of Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Citigroup decreased their price target on shares of Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Bank of America cut shares of Textron from a “buy” rating to a “neutral” rating and decreased their price target for the company from $110.00 to $85.00 in a research report on Friday, January 24th. UBS Group decreased their price objective on shares of Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research report on Friday, October 25th. Finally, Robert W. Baird decreased their price objective on shares of Textron from $100.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Textron has a consensus rating of “Moderate Buy” and a consensus price target of $93.45.

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.