11,146 Shares in Textron Inc. $TXT Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC purchased a new stake in Textron Inc. (NYSE:TXT) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,146 shares of the aerospace company’s stock, valued at approximately $1,022,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilkerson Advisory Group LLC acquired a new position in Textron in the fourth quarter valued at $26,000. Activest Wealth Management raised its holdings in shares of Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 293 shares during the period. Cedar Mountain Advisors LLC purchased a new position in shares of Textron in the 1st quarter worth about $29,000. Elyxium Wealth LLC acquired a new position in shares of Textron in the 4th quarter valued at about $30,000. Finally, Strive Financial Group LLC purchased a new stake in shares of Textron during the 4th quarter worth about $31,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TXT shares. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. TD Cowen dropped their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Finally, UBS Group reissued a “neutral” rating and issued a $95.00 target price on shares of Textron in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Textron has a consensus rating of “Moderate Buy” and an average price target of $102.44.

Textron Stock Performance

Shares of NYSE:TXT opened at $83.19 on Monday. The business’s 50-day simple moving average is $88.74 and its 200 day simple moving average is $91.08. The company has a market cap of $14.31 billion, a P/E ratio of 15.70, a PEG ratio of 1.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. Textron Inc. has a one year low of $78.12 and a one year high of $101.57.

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

Textron Dividend Announcement

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

About Textron

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.