Entropy Technologies LP Reduces Stock Holdings in Textron Inc. $TXT

Entropy Technologies LP cut its holdings in Textron Inc. (NYSE:TXT) by 57.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,608 shares of the aerospace company’s stock after selling 18,275 shares during the period. Entropy Technologies LP’s holdings in Textron were worth $1,192,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Textron by 51.1% in the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock valued at $466,986,000 after purchasing an additional 1,811,787 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in Textron by 270.7% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after buying an additional 734,478 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Textron during the 3rd quarter valued at $56,255,000. Dimensional Fund Advisors LP increased its position in Textron by 18.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock worth $222,455,000 after buying an additional 405,314 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Textron in the first quarter worth $34,274,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TXT has been the topic of a number of analyst reports. TD Cowen decreased their price objective on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Morgan Stanley set a $97.00 target price on shares of Textron in a report on Wednesday, July 15th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Wells Fargo & Company assumed coverage on shares of Textron in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price objective for the company. Finally, Wall Street Zen raised shares of Textron from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $103.10.

Insider Buying and Selling at Textron

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

Textron Stock Performance

NYSE TXT opened at $96.09 on Tuesday. The business’s 50-day moving average price is $91.19 and its 200 day moving average price is $92.11. 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 twelve month low of $75.80 and a twelve month high of $101.57. The company has a market capitalization of $16.71 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90.

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

Textron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 1.53%.

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.