Capital Advisors Ltd. LLC Lowers Position in Textron Inc. $TXT

Capital Advisors Ltd. LLC decreased its stake in shares of Textron Inc. (NYSE:TXT) by 95.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 451 shares of the aerospace company’s stock after selling 10,638 shares during the period. Capital Advisors Ltd. LLC’s holdings in Textron were worth $39,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Textron during the 1st quarter valued at $34,274,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Textron by 249.8% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 68,234 shares of the aerospace company’s stock worth $5,975,000 after buying an additional 48,726 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Textron by 2.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 42,774 shares of the aerospace company’s stock worth $3,729,000 after buying an additional 1,117 shares during the period. Corient Private Wealth LLC boosted its holdings in Textron by 13.2% in the fourth quarter. Corient Private Wealth LLC now owns 39,204 shares of the aerospace company’s stock valued at $3,418,000 after acquiring an additional 4,571 shares during the last quarter. Finally, Pure Financial Advisors LLC boosted its holdings in Textron by 24.9% in the fourth quarter. Pure Financial Advisors LLC now owns 3,545 shares of the aerospace company’s stock valued at $309,000 after acquiring an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Insider Activity at Textron

In other Textron news, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the transaction, the director owned 8,611 shares in the company, valued at $801,597.99. This represents a 22.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas A. Kennedy acquired 10,300 shares of the stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $95.98 per share, with a total value of $988,594.00. Following the transaction, the director directly owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.90% of the company’s stock.

Textron Stock Down 2.9%

Shares of NYSE TXT opened at $86.86 on Tuesday. The stock has a fifty day moving average price of $91.15 and a 200 day moving average price of $91.48. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. Textron Inc. has a 12-month low of $75.80 and a 12-month high of $101.57. The company has a market cap of $15.10 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.34 and a beta of 0.91.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the firm posted $1.28 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts anticipate that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s payout ratio is 1.53%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TXT. Citigroup upped their price target on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Wells Fargo & Company assumed coverage on Textron in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price objective on the stock. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. UBS Group increased their target price on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Textron in a report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.18.

Textron Company 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.