Textron Inc. (NYSE:TXT) reached a new 52-week low on Thursday . The company traded as low as $51.20 and last traded at $52.62, with a volume of 107330 shares. The stock had previously closed at $54.45.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Textron from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Monday, August 13th. ValuEngine downgraded shares of Textron from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Morgan Stanley set a $71.00 price target on shares of Textron and gave the stock a “hold” rating in a research note on Thursday, October 11th. Finally, Jefferies Financial Group set a $68.00 price target on shares of Textron and gave the stock a “buy” rating in a research note on Friday, November 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $72.73.

The company has a current ratio of 2.29, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70. The company has a market cap of $13.23 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.05 and a beta of 1.62.

Textron (NYSE:TXT) last issued its earnings results on Thursday, October 18th. The aerospace company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.15). Textron had a net margin of 6.11% and a return on equity of 13.72%. The firm had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. As a group, equities analysts predict that Textron Inc. will post 3.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders of record on Friday, December 14th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend is Thursday, December 13th. Textron’s payout ratio is presently 3.27%.

A number of large investors have recently modified their holdings of TXT. Piedmont Investment Advisors LLC bought a new stake in Textron in the second quarter valued at approximately $197,000. Dupont Capital Management Corp increased its position in shares of Textron by 151.1% during the second quarter. Dupont Capital Management Corp now owns 4,997 shares of the aerospace company’s stock worth $329,000 after acquiring an additional 3,007 shares in the last quarter. Aperio Group LLC increased its position in shares of Textron by 3.2% during the second quarter. Aperio Group LLC now owns 120,869 shares of the aerospace company’s stock worth $7,966,000 after acquiring an additional 3,754 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Textron by 21.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 31,029 shares of the aerospace company’s stock worth $2,045,000 after acquiring an additional 5,455 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Textron by 8.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 810,383 shares of the aerospace company’s stock worth $53,412,000 after acquiring an additional 64,625 shares in the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

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Textron Company Profile (NYSE:TXT)

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

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