Cwm LLC Boosts Position in Textron Inc. $TXT

Cwm LLC lifted its position in Textron Inc. (NYSE:TXT) by 84.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,619 shares of the aerospace company’s stock after buying an additional 31,448 shares during the quarter. Cwm LLC’s holdings in Textron were worth $5,798,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Callan Family Office LLC lifted its stake in Textron by 133.1% in the 2nd quarter. Callan Family Office LLC now owns 7,863 shares of the aerospace company’s stock worth $631,000 after purchasing an additional 4,490 shares in the last quarter. Millennium Management LLC increased its holdings in shares of 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 period. Baxter Bros Inc. raised its position in shares of Textron by 45.8% in the third quarter. Baxter Bros Inc. now owns 39,865 shares of the aerospace company’s stock worth $3,368,000 after buying an additional 12,530 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Textron during the first quarter valued at $3,544,000. Finally, Ethic Inc. grew its position in Textron by 9.4% during the second quarter. Ethic Inc. now owns 4,312 shares of the aerospace company’s stock worth $346,000 after buying an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Price Performance

TXT stock opened at $88.30 on Wednesday. The firm has a market cap of $15.56 billion, a P/E ratio of 19.41, a P/E/G ratio of 1.44 and a beta of 1.01. The firm’s fifty day moving average is $83.65 and its 200 day moving average is $82.24. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $91.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 1.84.

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

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be paid 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 is Friday, December 12th. Textron’s payout ratio is 1.76%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TXT. Wall Street Zen raised Textron from a “buy” rating to a “strong-buy” rating in a report on Monday, October 27th. TD Cowen lowered their target price on shares of Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. Weiss Ratings lowered shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. UBS Group decreased their price target on shares of Textron from $92.00 to $89.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $90.92.

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.