Textron Inc. $TXT Shares Sold by Empowered Funds LLC

Empowered Funds LLC decreased its stake in shares of Textron Inc. (NYSE:TXT) by 85.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 23,192 shares of the aerospace company’s stock after selling 134,981 shares during the period. Empowered Funds LLC’s holdings in Textron were worth $2,031,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TXT. Motley Fool Asset Management LLC grew its position in shares of Textron by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock worth $262,000 after buying an additional 106 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Textron by 22.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 119 shares in the last quarter. Capital Management Corp VA lifted its stake in Textron by 1.0% in the fourth quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock worth $1,088,000 after acquiring an additional 120 shares during the last quarter. Root Financial Partners LLC lifted its stake in Textron by 24.5% in the fourth quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock worth $55,000 after acquiring an additional 124 shares during the last quarter. Finally, Essex Financial Services Inc. grew its holdings in Textron by 4.9% during the 1st quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. TD Cowen lowered their target price on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Morgan Stanley set a $98.00 target price on Textron in a report on Wednesday, July 29th. Wall Street Zen cut Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a report on Sunday, May 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Textron currently has a consensus rating of “Moderate Buy” and an average price target of $102.44.

Textron Stock Down 0.7%

Shares of NYSE:TXT opened at $87.86 on Friday. The firm has a 50 day simple moving average of $90.62 and a 200-day simple moving average of $91.81. Textron Inc. has a twelve month low of $76.45 and a twelve month high of $101.57. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $15.11 billion, a PE ratio of 16.58, a P/E/G ratio of 1.28 and a beta of 0.91.

Textron (NYSE:TXT) last posted its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. Textron had a net margin of 6.12% and a return on equity of 14.30%. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the firm posted $1.55 EPS. The company’s revenue was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities analysts predict that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, September 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron’s payout ratio is 1.51%.

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.