18,153 Shares in Textron Inc. $TXT Bought by Empowered Funds LLC

Empowered Funds LLC bought a new stake in shares of Textron Inc. (NYSE:TXT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,153 shares of the aerospace company’s stock, valued at approximately $1,665,000.

Several other hedge funds have also bought and sold shares of the stock. United Capital Financial Advisors LLC purchased a new position in shares of Textron during the 2nd quarter valued at about $1,022,000. Equitable Holdings Inc. purchased a new stake in Textron in the 2nd quarter worth approximately $487,000. Centaurus Financial Inc. bought a new stake in Textron during the 2nd quarter worth approximately $142,000. Coastal Bridge Advisors LLC bought a new stake in Textron during the 2nd quarter worth approximately $214,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Textron during the second quarter valued at approximately $4,916,000. Institutional investors own 86.03% of the company’s stock.

Analysts Set New Price Targets

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

Textron Trading Down 0.1%

TXT stock opened at $79.18 on Friday. 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 Inc. has a 1-year low of $78.12 and a 1-year high of $101.57. The business has a 50 day simple moving average of $88.14 and a two-hundred day simple moving average of $90.58. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.15 and a beta of 0.90.

Textron (NYSE:TXT) last released its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the business posted $1.55 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts anticipate that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Dividend Announcement

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

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.