Empowered Funds LLC Trims Position in Textron Inc. $TXT

Empowered Funds LLC lowered its position in Textron Inc. (NYSE:TXT) by 85.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,192 shares of the aerospace company’s stock after selling 134,981 shares during the quarter. Empowered Funds LLC’s holdings in Textron were worth $2,031,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Textron by 13.3% in the 1st 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. Focus Partners Wealth lifted its holdings in Textron by 18.0% in the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock valued at $348,000 after acquiring an additional 735 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Textron in the second quarter valued at approximately $453,000. Baird Financial Group Inc. grew its position in Textron by 15.3% in the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock worth $1,539,000 after acquiring an additional 2,548 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Textron during the second quarter worth $4,656,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Trading Down 0.7%

Shares of NYSE TXT opened at $87.86 on Friday. 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 stock has a market capitalization of $15.11 billion, a PE ratio of 16.58, a PEG ratio of 1.28 and a beta of 0.91. Textron Inc. has a twelve month low of $76.45 and a twelve month high of $101.57. The stock has a fifty day simple moving average of $90.62 and a 200-day simple moving average of $91.81.

Textron (NYSE:TXT) last announced 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. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.Textron’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities analysts forecast that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have commented on TXT. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Wall Street Zen downgraded Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. upped their target price on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Finally, Morgan Stanley set a $98.00 price target on shares of Textron in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.44.

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.