Capital Advisors Ltd. LLC Raises Holdings in Textron Inc. $TXT

Capital Advisors Ltd. LLC grew its position in shares of Textron Inc. (NYSE:TXT) by 2,358.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,089 shares of the aerospace company’s stock after purchasing an additional 10,638 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Textron were worth $967,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of Textron by 2.4% during the third quarter. State Street Corp now owns 9,220,307 shares of the aerospace company’s stock worth $779,205,000 after purchasing an additional 212,857 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Textron by 1.7% during the third quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after purchasing an additional 140,713 shares during the last quarter. Boston Partners grew its holdings in shares of Textron by 0.9% during the third quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock worth $613,327,000 after purchasing an additional 66,747 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Textron by 33.1% during the third quarter. AQR Capital Management LLC now owns 3,545,395 shares of the aerospace company’s stock worth $298,239,000 after purchasing an additional 880,783 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Textron by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,146,467 shares of the aerospace company’s stock worth $181,348,000 after purchasing an additional 138,128 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Insider Buying and Selling

In other Textron news, EVP E Robert Lupone sold 28,056 shares of Textron stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $98.84, for a total value of $2,773,055.04. Following the sale, the executive vice president owned 103,991 shares of the company’s stock, valued at approximately $10,278,470.44. The trade was a 21.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julie G. Duffy sold 19,857 shares of Textron stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $98.70, for a total value of $1,959,885.90. Following the completion of the sale, the executive vice president directly owned 37,039 shares in the company, valued at $3,655,749.30. This represents a 34.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 304,473 shares of company stock worth $29,976,723 in the last three months. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TXT. Wells Fargo & Company began coverage on Textron in a report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price objective on the stock. Sanford C. Bernstein upped their price objective on Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 19th. Freedom Capital raised Textron to a “strong-buy” rating in a research note on Friday, January 16th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Finally, Susquehanna reaffirmed a “positive” rating and set a $110.00 price objective on shares of Textron in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Textron has a consensus rating of “Hold” and an average target price of $98.18.

Textron Stock Up 0.5%

TXT opened at $88.53 on Tuesday. The business has a 50 day moving average price of $93.26 and a two-hundred day moving average price of $88.21. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49. The company has a market cap of $15.41 billion, a PE ratio of 17.33, a P/E/G ratio of 1.33 and a beta of 0.97. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $101.57.

Textron (NYSE:TXT) last announced its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). Textron had a net margin of 6.22% and a return on equity of 14.63%. The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the prior year, the firm posted $1.34 EPS. Textron’s revenue for the quarter was up 15.6% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, research analysts anticipate that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were 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 of this dividend was Friday, March 13th. Textron’s payout ratio is currently 1.57%.

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.