Catalyst Capital Advisors LLC Buys Shares of 907 Textron Inc. $TXT

Catalyst Capital Advisors LLC bought a new stake in Textron Inc. (NYSE:TXT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 907 shares of the aerospace company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Moody National Bank Trust Division boosted its position in shares of Textron by 1.2% during the second quarter. Moody National Bank Trust Division now owns 12,139 shares of the aerospace company’s stock worth $975,000 after buying an additional 141 shares during the period. Brooklyn Investment Group boosted its position in shares of Textron by 10.3% during the first quarter. Brooklyn Investment Group now owns 1,665 shares of the aerospace company’s stock worth $120,000 after buying an additional 156 shares during the period. Fifth Third Bancorp boosted its position in shares of Textron by 2.3% during the second quarter. Fifth Third Bancorp now owns 7,063 shares of the aerospace company’s stock worth $567,000 after buying an additional 159 shares during the period. 3Chopt Investment Partners LLC boosted its position in shares of Textron by 3.3% during the second quarter. 3Chopt Investment Partners LLC now owns 5,333 shares of the aerospace company’s stock worth $428,000 after buying an additional 168 shares during the period. Finally, Transce3nd LLC boosted its position in shares of Textron by 14.0% during the first quarter. Transce3nd LLC now owns 1,617 shares of the aerospace company’s stock worth $116,000 after buying an additional 199 shares during the period. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXT has been the subject of several analyst reports. TD Cowen reduced their price objective on Textron from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday. Barclays boosted their target price on Textron from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Textron in a report on Friday. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $85.00 target price (down previously from $95.00) on shares of Textron in a report on Tuesday, July 1st. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Textron presently has an average rating of “Hold” and an average target price of $92.33.

Textron Price Performance

NYSE TXT opened at $81.13 on Friday. The stock has a market capitalization of $14.46 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.32 and a beta of 1.13. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $89.28. The business’s fifty day moving average is $82.32 and its two-hundred day moving average is $78.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.69.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Textron had a return on equity of 14.16% and a net margin of 5.81%.The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, research analysts forecast that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio is currently 1.81%.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.