Pallas Capital Advisors LLC Invests $1.39 Million in Textron Inc. $TXT

Pallas Capital Advisors LLC purchased a new stake in shares of Textron Inc. (NYSE:TXT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,151 shares of the aerospace company’s stock, valued at approximately $1,390,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wilkerson Advisory Group LLC bought a new position in Textron in the 4th quarter worth approximately $26,000. Activest Wealth Management boosted its position in Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after buying an additional 293 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of Textron in the 1st quarter valued at $29,000. Elyxium Wealth LLC acquired a new stake in shares of Textron in the 4th quarter valued at $30,000. Finally, Strive Financial Group LLC bought a new stake in shares of Textron during the fourth quarter worth $31,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Performance

Shares of NYSE:TXT opened at $87.24 on Wednesday. The firm’s 50 day simple moving average is $90.14 and its 200 day simple moving average is $91.50. Textron Inc. has a fifty-two week low of $78.12 and a fifty-two week high of $101.57. The company has a market capitalization of $15.00 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.29 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85.

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

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a $0.02 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron’s dividend payout ratio is currently 1.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TD Cowen cut their price target on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. UBS Group reissued a “neutral” rating and set a $95.00 price objective on shares of Textron in a report on Wednesday, July 29th. Morgan Stanley set a $98.00 target price on shares of Textron in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut shares of Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.44.

Textron Profile

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.