Caerus Investment Advisors LLC Purchases New Stake in Textron Inc. $TXT

Caerus Investment Advisors LLC purchased a new stake in shares of Textron Inc. (NYSE:TXT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,118 shares of the aerospace company’s stock, valued at approximately $620,000.

Several other large investors have also recently bought and sold shares of TXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Textron by 13.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock valued at $1,049,000 after buying an additional 1,709 shares during the period. Empowered Funds LLC raised its position in Textron by 6.3% during the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after buying an additional 1,265 shares during the period. Focus Partners Wealth raised its position in Textron by 18.0% during the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock valued at $348,000 after buying an additional 735 shares during the period. Sivia Capital Partners LLC acquired a new position in Textron during the second quarter valued at $453,000. Finally, Baird Financial Group Inc. raised its position in Textron by 15.3% during the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock valued at $1,539,000 after buying an additional 2,548 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TXT shares. TD Cowen raised Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Wells Fargo & Company assumed coverage on Textron in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price target on the stock. UBS Group upped their target price on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Weiss Ratings lowered Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.18.

Insider Activity

In other news, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the sale, the director owned 8,611 shares in the company, valued at approximately $801,597.99. This represents a 22.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Kennedy purchased 10,300 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $95.98 per share, with a total value of $988,594.00. Following the purchase, the director owned 20,162 shares in the company, valued at $1,935,148.76. This represents a 104.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Textron Stock Performance

Shares of TXT stock opened at $93.64 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. Textron Inc. has a fifty-two week low of $75.75 and a fifty-two week high of $101.57. The stock’s 50-day moving average is $90.87 and its two-hundred day moving average is $91.07. The firm has a market cap of $16.28 billion, a P/E ratio of 17.90, a PEG ratio of 1.37 and a beta of 0.90.

Textron (NYSE:TXT) last issued its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping the consensus estimate 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 $3.70 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the prior year, the firm posted $1.28 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts predict that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Announces Dividend

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

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.