Capital Advisors Ltd. LLC Reduces Position in Textron Inc. $TXT

Capital Advisors Ltd. LLC decreased its holdings in Textron Inc. (NYSE:TXT) by 95.9% during the 1st quarter, HoldingsChannel reports. The fund owned 451 shares of the aerospace company’s stock after selling 10,638 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Textron were worth $39,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TXT. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Textron during the 1st quarter valued at approximately $34,274,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Textron by 249.8% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 68,234 shares of the aerospace company’s stock valued at $5,975,000 after purchasing an additional 48,726 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Textron by 2.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 42,774 shares of the aerospace company’s stock valued at $3,729,000 after purchasing an additional 1,117 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Textron by 13.2% during the 4th quarter. Corient Private Wealth LLC now owns 39,204 shares of the aerospace company’s stock valued at $3,418,000 after buying an additional 4,571 shares during the last quarter. Finally, Pure Financial Advisors LLC boosted its stake in shares of Textron by 24.9% during the 4th quarter. Pure Financial Advisors LLC now owns 3,545 shares of the aerospace company’s stock valued at $309,000 after buying an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Price Performance

Shares of NYSE TXT opened at $86.86 on Tuesday. Textron Inc. has a twelve month low of $75.80 and a twelve month high of $101.57. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.34 and a beta of 0.91. The business has a 50 day simple moving average of $91.15 and a 200-day simple moving average of $91.48.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the prior year, the company posted $1.28 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts expect that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, June 12th. Textron’s dividend payout ratio (DPR) is presently 1.53%.

Analysts Set New Price Targets

A number of analysts recently issued reports on TXT shares. TD Cowen upgraded shares of Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. UBS Group increased their price objective on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Wells Fargo & Company initiated coverage on shares of Textron in a report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price objective for the company. Citigroup boosted their target price on shares of Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Finally, Morgan Stanley set a $109.00 target price on shares of Textron in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Textron currently has an average rating of “Moderate Buy” and an average target price of $101.18.

Insider Activity

In related news, Director R Kerry Clark sold 2,517 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the sale, the director owned 8,611 shares in the company, valued at $801,597.99. This represents a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas A. Kennedy bought 10,300 shares of the business’s stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the acquisition, the director directly owned 20,162 shares of the company’s stock, valued at $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.90% of the company’s stock.

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.