Callan Family Office LLC Purchases New Position in Textron Inc. $TXT

Callan Family Office LLC purchased a new stake in Textron Inc. (NYSE:TXT) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 15,756 shares of the aerospace company’s stock, valued at approximately $1,445,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Textron in the 2nd quarter valued at $1,434,125,000. State Street Corp raised its stake in Textron by 2.6% during the 4th quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock worth $825,193,000 after acquiring an additional 244,017 shares in the last quarter. Invesco Ltd. raised its stake in Textron by 1.7% during the 3rd quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after acquiring an additional 140,713 shares in the last quarter. Boston Partners lifted its position in Textron by 0.9% in the third quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock valued at $613,327,000 after acquiring an additional 66,747 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Textron by 51.1% in the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock valued at $466,986,000 after acquiring an additional 1,811,787 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Performance

NYSE TXT opened at $82.97 on Monday. The firm has a market cap of $14.27 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.20 and a beta of 0.91. Textron Inc. has a 52-week low of $78.12 and a 52-week high of $101.57. The business’s 50-day moving average price is $89.66 and its 200 day moving average price is $91.44. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last posted its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the business earned $1.55 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts expect that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, September 11th. Textron’s dividend payout ratio is 1.51%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group restated a “neutral” rating and set a $95.00 price target on shares of Textron in a research note on Wednesday, July 29th. Morgan Stanley set a $98.00 price objective on Textron in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Finally, TD Cowen reduced their price target on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Textron presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

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.