7,410 Shares in Textron Inc. $TXT Bought by Stephens Inc. AR

Stephens Inc. AR bought a new position in Textron Inc. (NYSE:TXT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,410 shares of the aerospace company’s stock, valued at approximately $595,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TXT. Nuveen LLC purchased a new position in Textron in the first quarter worth $89,403,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Textron in the second quarter worth $66,446,000. Millennium Management LLC lifted its stake in Textron by 128.7% in the first quarter. Millennium Management LLC now owns 1,113,026 shares of the aerospace company’s stock worth $80,416,000 after purchasing an additional 626,346 shares during the last quarter. Invesco Ltd. lifted its stake in Textron by 5.6% in the first quarter. Invesco Ltd. now owns 8,166,902 shares of the aerospace company’s stock worth $590,059,000 after purchasing an additional 433,567 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Textron by 110.6% in the first quarter. Mackenzie Financial Corp now owns 442,358 shares of the aerospace company’s stock worth $31,960,000 after purchasing an additional 232,277 shares during the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Stock Performance

Shares of NYSE:TXT opened at $81.13 on Friday. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.32 and a beta of 1.13. The company has a 50-day moving average price of $82.32 and a 200-day moving average price of $78.14. The company has a current ratio of 1.69, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $89.28.

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

Textron Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on TXT shares. Morgan Stanley boosted their price target on shares of Textron from $71.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Wall Street Zen downgraded shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. TD Cowen lowered their price target on shares of Textron from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday. The Goldman Sachs Group reissued a “neutral” rating and issued a $85.00 price target (down from $95.00) on shares of Textron in a research note on Tuesday, July 1st. Finally, Barclays boosted their price target on shares of Textron from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Textron has an average rating of “Hold” and an average target price of $92.33.

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.