Textron Inc. $TXT Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in Textron Inc. (NYSE:TXT) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,721 shares of the aerospace company’s stock after buying an additional 6,154 shares during the period. Sequoia Financial Advisors LLC’s holdings in Textron were worth $5,468,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of Textron by 144.1% during the second quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock worth $213,942,000 after purchasing an additional 1,573,206 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Textron during the 2nd quarter worth $66,446,000. Adage Capital Partners GP L.L.C. lifted its holdings in Textron by 270.7% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock worth $80,759,000 after buying an additional 734,478 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Textron by 62.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,231,492 shares of the aerospace company’s stock worth $98,876,000 after buying an additional 471,274 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its position in Textron by 19.9% in the 2nd quarter. Brandes Investment Partners LP now owns 2,714,466 shares of the aerospace company’s stock valued at $217,945,000 after buying an additional 451,017 shares during the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Price Performance

TXT stock opened at $94.38 on Tuesday. Textron Inc. has a one year low of $57.70 and a one year high of $94.88. The company has a current ratio of 1.84, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $16.63 billion, a PE ratio of 20.74, a P/E/G ratio of 1.41 and a beta of 1.00. The firm has a 50-day moving average of $86.63 and a two-hundred day moving average of $83.44.

Textron (NYSE:TXT) last announced its quarterly earnings results 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 business had revenue of $3.60 billion during 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, analysts forecast that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Friday, December 12th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, December 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s payout ratio is currently 1.76%.

Wall Street Analyst Weigh In

Several research analysts recently commented on TXT shares. Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 price target on shares of Textron in a research note on Thursday. Citigroup increased their target price on Textron from $91.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Susquehanna restated a “positive” rating and issued a $110.00 price target on shares of Textron in a research note on Thursday. Wall Street Zen upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $96.33.

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.