Huntington National Bank lifted its position in shares of Textron Inc. (NYSE:TXT) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 18,925 shares of the aerospace company’s stock after buying an additional 1,455 shares during the quarter. Huntington National Bank’s holdings in Textron were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXT. Thrivent Financial For Lutherans increased its stake in shares of Textron by 1.1% during the second quarter. Thrivent Financial For Lutherans now owns 10,040 shares of the aerospace company’s stock worth $473,000 after purchasing an additional 110 shares during the period. GSA Capital Partners LLP increased its stake in shares of Textron by 62.3% during the second quarter. GSA Capital Partners LLP now owns 9,854 shares of the aerospace company’s stock worth $464,000 after purchasing an additional 3,784 shares during the period. Janus Henderson Group PLC increased its stake in shares of Textron by 188.6% during the second quarter. Janus Henderson Group PLC now owns 23,398 shares of the aerospace company’s stock worth $1,102,000 after purchasing an additional 15,291 shares during the period. BlueCrest Capital Management Ltd bought a new position in shares of Textron during the second quarter worth approximately $1,707,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Textron during the second quarter worth approximately $702,000. Institutional investors own 81.98% of the company’s stock.

Textron Inc. (NYSE TXT) opened at $55.54 on Friday. Textron Inc. has a 52 week low of $45.00 and a 52 week high of $62.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.79 and a current ratio of 1.92. The company has a market capitalization of $15,254.68, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 1.82 and a beta of 1.45.

Textron (NYSE:TXT) last issued its quarterly earnings results on Wednesday, January 31st. The aerospace company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.03). Textron had a net margin of 2.16% and a return on equity of 11.58%. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. equities analysts forecast that Textron Inc. will post 3.06 earnings per share for the current year.

A number of equities analysts have recently weighed in on the company. Cowen reiterated a “buy” rating and set a $70.00 target price on shares of Textron in a research note on Thursday, February 1st. Wells Fargo & Co reiterated an “outperform” rating and set a $67.00 target price (up previously from $59.00) on shares of Textron in a research note on Tuesday, January 16th. Stephens set a $65.00 target price on Textron and gave the stock a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded Textron from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Finally, Jefferies Group restated a “buy” rating and set a $74.00 price objective on shares of Textron in a research note on Sunday, February 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $60.50.

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About Textron

Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation.

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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