Textron Inc. $TXT Shares Purchased by SC&H Financial Advisors Inc.

SC&H Financial Advisors Inc. lifted its stake in shares of Textron Inc. (NYSE:TXT) by 18.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,688 shares of the aerospace company’s stock after acquiring an additional 577 shares during the quarter. SC&H Financial Advisors Inc.’s holdings in Textron were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Moody National Bank Trust Division boosted its holdings in shares of Textron by 1.2% during the second quarter. Moody National Bank Trust Division now owns 12,139 shares of the aerospace company’s stock worth $975,000 after purchasing an additional 141 shares during the period. Brooklyn Investment Group increased its position in Textron by 10.3% during the first quarter. Brooklyn Investment Group now owns 1,665 shares of the aerospace company’s stock valued at $120,000 after acquiring an additional 156 shares during the last quarter. Fifth Third Bancorp lifted its stake in Textron by 2.3% in the second quarter. Fifth Third Bancorp now owns 7,063 shares of the aerospace company’s stock worth $567,000 after acquiring an additional 159 shares during the period. Exchange Traded Concepts LLC increased its holdings in Textron by 7.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,869 shares of the aerospace company’s stock worth $207,000 after buying an additional 197 shares during the period. Finally, Transce3nd LLC lifted its position in shares of Textron by 14.0% during the 1st quarter. Transce3nd LLC now owns 1,617 shares of the aerospace company’s stock valued at $116,000 after buying an additional 199 shares in the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Stock Up 1.5%

TXT opened at $83.57 on Friday. The company has a fifty day moving average price of $80.75 and a 200-day moving average price of $76.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.84. Textron Inc. has a one year low of $57.70 and a one year high of $91.30. The firm has a market capitalization of $14.89 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

Textron (NYSE:TXT) last released its earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. Textron had a net margin of 5.80% and a return on equity of 14.26%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the company earned $1.54 EPS. Textron’s revenue for the quarter was up 5.4% on a year-over-year basis. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts expect that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be given a $0.02 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s payout ratio is 1.81%.

Insider Activity at Textron

In other news, EVP Julie G. Duffy sold 28,543 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $79.37, for a total transaction of $2,265,457.91. Following the sale, the executive vice president owned 37,624 shares in the company, valued at approximately $2,986,216.88. This represents a 43.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TXT shares. Susquehanna boosted their price objective on Textron from $90.00 to $95.00 and gave the company a “positive” rating in a research note on Friday, July 25th. Morgan Stanley increased their price objective on Textron from $71.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Barclays raised their price objective on Textron from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. UBS Group upgraded Textron from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $73.00 to $88.00 in a research report on Monday, July 28th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $85.00 price objective (down from $95.00) on shares of Textron in a research note on Tuesday, July 1st. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.45.

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.