McClarren Financial Advisors Inc. Makes New $68,000 Investment in Textron Inc. (NYSE:TXT)

McClarren Financial Advisors Inc. acquired a new stake in Textron Inc. (NYSE:TXT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 895 shares of the aerospace company’s stock, valued at approximately $68,000.

Several other institutional investors have also recently added to or reduced their stakes in TXT. True Wealth Design LLC acquired a new stake in Textron in the 3rd quarter worth about $26,000. Capital Performance Advisors LLP purchased a new position in shares of Textron during the 3rd quarter worth about $42,000. Eastern Bank acquired a new stake in shares of Textron in the fourth quarter worth approximately $42,000. Truvestments Capital LLC purchased a new stake in Textron in the third quarter valued at approximately $43,000. Finally, Venturi Wealth Management LLC grew its holdings in Textron by 69.5% in the third quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 232 shares during the period. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Stock Performance

Textron stock opened at $72.81 on Thursday. The firm has a market capitalization of $13.51 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.23 and a beta of 1.27. Textron Inc. has a one year low of $72.62 and a one year high of $97.33. The stock’s 50 day moving average price is $77.54 and its 200 day moving average price is $83.50. 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 (NYSE:TXT) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 earnings per share. As a group, sell-side analysts expect that Textron Inc. will post 6.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TXT shares. TD Cowen upgraded shares of Textron to a “hold” rating in a report on Thursday, December 19th. Barclays cut their target price on Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Citigroup lowered their price target on Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Susquehanna cut their price objective on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Vertical Research upgraded Textron from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $93.45.

Textron 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.