Delphi Management Inc. MA Raises Shares in Textron Inc. (NYSE:TXT)

Delphi Management Inc. MA increased its holdings in shares of Textron Inc. (NYSE:TXT – Free Report) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,012 shares of the aerospace company’s stock after acquiring an additional 402 shares during the quarter. Holdings of Delphi Management Inc. MA’s holdings in Textron were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Inçalta Capital LLC acquired a new stake in shares of Textron in the second quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Textron in the second quarter valued at about $30,000. Oakworth Capital Inc. acquired a new position in Textron in the second quarter valued at $31,000. Family Firm Inc. acquired a new position in shares of Textron in the second quarter worth $40,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Textron by 200.0% during the fourth quarter. Jones Financial Companies Lllp now owns 507 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 338 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several research firms have recently commented on TXT. Citigroup raised their price target on Textron from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. UBS Group boosted their price objective on shares of Textron from $84.00 to $87.00 and gave the company a “sell” rating in a research note on Friday, July 19th. Morgan Stanley cut shares of Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 target price on the stock. in a research report on Thursday, August 8th. TD Cowen lowered shares of Textron from a “buy” rating to a “hold” rating and decreased their price target for the stock from $103.00 to $95.00 in a research report on Wednesday. September 25. Finally, Bank of America upped their target price on shares of Textron from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Textron currently has a consensus rating of “Hold” and an average price target of $101.50, based on data from MarketBeat.

See the latest stock report on Textron

Textron price performance

TXT opened at $88.56 on Tuesday. Textron Inc. it has a 52-week low of $74.13 and a 52-week high of $97.33. The company has a 50 day moving average of $88.20 and a two hundred day moving average of $89.11. The company has a market cap of $16.59 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.39 and a beta of 1.23. The company has a quick ratio of 0.81, a current ratio of 1.79, and a debt-to-equity ratio of 0.47.

Textron (NYSE:TXT – Get Your Free Report ) last announced 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. Textron had a net margin of 6.67% and a return on equity of 16.41%. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the previous year, the company earned $1.46 EPS. The company’s revenue was up 3.0% year over year. On average, analysts expect that Textron Inc. to post 6.18 earnings per share for the current year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.02 dividend. The ex-dividend date is Friday, September 13. This represents a dividend of $0.08 on an annualized basis and a dividend yield of 0.09%. Textron’s dividend payout ratio (DPR) is currently 1.71%.

About Textron

(Free Report)

Textron Inc operates in the aerospace, defense, industrial and financial industries 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 aircraft, turboprop and piston engine aircraft, and military training and defense aircraft; and provides maintenance, inspection and repair services as well as selling commercial parts.

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