Wealth Enhancement Advisory Services LLC Raises Holdings in Textron Inc. $TXT

Wealth Enhancement Advisory Services LLC grew its holdings in Textron Inc. (NYSE:TXT) by 18.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,495 shares of the aerospace company’s stock after purchasing an additional 7,844 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Textron were worth $4,379,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. True Wealth Design LLC raised its position in Textron by 388.5% in the 3rd quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock worth $25,000 after buying an additional 237 shares during the last quarter. Assetmark Inc. grew its stake in shares of Textron by 191.9% in the second quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 213 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Textron in the second quarter worth approximately $27,000. Quent Capital LLC bought a new stake in Textron in the 3rd quarter worth approximately $33,000. Finally, Private Trust Co. NA raised its stake in Textron by 155.6% during the 3rd quarter. Private Trust Co. NA now owns 460 shares of the aerospace company’s stock valued at $39,000 after buying an additional 280 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TXT has been the subject of several research analyst reports. Freedom Capital raised Textron to a “strong-buy” rating in a report on Friday, January 16th. Susquehanna reaffirmed a “positive” rating and set a $110.00 price target on shares of Textron in a research report on Thursday, January 15th. JPMorgan Chase & Co. dropped their price objective on shares of Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. TD Cowen decreased their price target on shares of Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price target on shares of Textron in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.90.

Textron Price Performance

Shares of NYSE:TXT opened at $94.64 on Tuesday. The company has a market capitalization of $16.68 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.42 and a beta of 1.00. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $96.98. The firm’s 50 day simple moving average is $87.99 and its two-hundred day simple moving average is $83.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.86.

About Textron

Textron Inc is a global, multi-industry manufacturing company headquartered in Providence, Rhode Island. The company designs, manufactures and services a diverse range of products for the aerospace, defense and industrial markets. Textron operates through four primary business segments—Textron Aviation, Bell, Textron Systems and Industrial—each of which serves customers around the world.

Textron Aviation is known for its Cessna and Beechcraft branded business jets and turboprop aircraft, offering models that range from light jets and turboprops to larger cabin aircraft designed for corporate and charter use.