Landscape Capital Management L.L.C. Invests $1.94 Million in Textron Inc. $TXT

Landscape Capital Management L.L.C. purchased a new position in Textron Inc. (NYSE:TXT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,162 shares of the aerospace company’s stock, valued at approximately $1,941,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management grew its holdings in Textron by 3,255.6% during the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. Wilkerson Advisory Group LLC bought a new stake in shares of Textron in the 4th quarter worth about $26,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Textron in the 1st quarter valued at about $29,000. Elyxium Wealth LLC acquired a new stake in shares of Textron in the 4th quarter valued at about $30,000. Finally, Strive Financial Group LLC bought a new position in shares of Textron during the fourth quarter worth about $31,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Morgan Stanley set a $98.00 target price on Textron in a report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and issued a $95.00 target price on shares of Textron in a research report on Wednesday, July 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Finally, TD Cowen dropped their price target on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.44.

Textron Price Performance

Shares of NYSE TXT opened at $82.97 on Friday. Textron Inc. has a 1-year low of $78.12 and a 1-year high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. The business’s fifty day moving average price is $89.66 and its two-hundred day moving average price is $91.41. The firm has a market capitalization of $14.27 billion, a PE ratio of 15.65, a P/E/G ratio of 1.20 and a beta of 0.91.

Textron (NYSE:TXT) last posted its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. The company had revenue of $3.83 billion for 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%.The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, research analysts expect that Textron Inc. will post 6.5 EPS for the current year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a $0.02 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 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.