Savant Capital LLC Boosts Holdings in Textron Inc. $TXT

Savant Capital LLC grew its holdings in Textron Inc. (NYSE:TXT) by 54.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,084 shares of the aerospace company’s stock after buying an additional 5,995 shares during the quarter. Savant Capital LLC’s holdings in Textron were worth $1,372,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TXT. Hantz Financial Services Inc. boosted its stake in shares of Textron by 2.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 4,963 shares of the aerospace company’s stock valued at $398,000 after buying an additional 140 shares during the period. Moody National Bank Trust Division grew its holdings in Textron by 1.2% during the 2nd quarter. Moody National Bank Trust Division now owns 12,139 shares of the aerospace company’s stock worth $975,000 after acquiring an additional 141 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Textron by 10.3% in the 1st quarter. Brooklyn Investment Group now owns 1,665 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 156 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Textron by 2.3% in the 2nd quarter. Fifth Third Bancorp now owns 7,063 shares of the aerospace company’s stock valued at $567,000 after purchasing an additional 159 shares in the last quarter. Finally, 3Chopt Investment Partners LLC lifted its position in shares of Textron by 3.3% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 5,333 shares of the aerospace company’s stock worth $428,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Wall Street Analysts Forecast Growth

TXT has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Textron in a report on Wednesday, October 8th. TD Cowen cut their target price on Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. Morgan Stanley upped their price target on Textron from $71.00 to $86.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Sanford C. Bernstein restated a “market perform” rating and set a $90.00 price objective on shares of Textron in a research report on Monday, October 27th. Finally, Wall Street Zen raised shares of Textron from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 27th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $92.15.

Textron Stock Up 0.1%

Shares of TXT opened at $82.51 on Thursday. The business’s fifty day moving average price is $82.47 and its two-hundred day moving average price is $79.57. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 1.84. The firm has a market capitalization of $14.54 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.30 and a beta of 1.13. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $88.23.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.08. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.70 billion. Textron had a return on equity of 14.16% and a net margin of 5.81%.The firm’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.40 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, analysts predict that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, December 12th. Textron’s dividend payout ratio is currently 1.76%.

Textron Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.