Stevens Capital Management LP Sells 2,452 Shares of Textron Inc. $TXT

Stevens Capital Management LP decreased its stake in Textron Inc. (NYSE:TXT) by 46.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,786 shares of the aerospace company’s stock after selling 2,452 shares during the quarter. Stevens Capital Management LP’s holdings in Textron were worth $224,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TXT. LPL Financial LLC increased its position in Textron by 4.9% during the first quarter. LPL Financial LLC now owns 89,732 shares of the aerospace company’s stock valued at $6,483,000 after acquiring an additional 4,204 shares during the last quarter. Callan Family Office LLC boosted its stake in shares of Textron by 133.1% during the 2nd quarter. Callan Family Office LLC now owns 7,863 shares of the aerospace company’s stock worth $631,000 after purchasing an additional 4,490 shares during the period. Jupiter Asset Management Ltd. bought a new position in Textron during the 1st quarter valued at about $545,000. TD Asset Management Inc raised its position in Textron by 2.2% in the 1st quarter. TD Asset Management Inc now owns 965,755 shares of the aerospace company’s stock worth $69,776,000 after purchasing an additional 20,733 shares during the period. Finally, Millennium Management LLC lifted its stake in Textron by 128.7% in the first quarter. Millennium Management LLC now owns 1,113,026 shares of the aerospace company’s stock worth $80,416,000 after purchasing an additional 626,346 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors.

Textron Trading Up 2.2%

NYSE:TXT opened at $81.28 on Friday. The firm has a 50 day moving average of $82.32 and a 200 day moving average of $80.06. The company has a quick ratio of 0.86, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $87.94. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 1.30 and a beta of 1.13.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, October 23rd. The aerospace company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.47 by $0.08. The firm had revenue of $3.60 billion during 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 business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.40 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, December 12th. Textron’s payout ratio is presently 1.76%.

Wall Street Analyst Weigh In

TXT has been the topic of a number of analyst reports. UBS Group cut their target price on Textron from $92.00 to $89.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Textron in a report on Wednesday, October 8th. Wall Street Zen raised Textron from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. dropped their price target on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Finally, Barclays lifted their price objective on Textron from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $92.15.

Textron Company 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.