Textron Inc. $TXT Shares Sold by Keeler Thomas Management LLC

Keeler Thomas Management LLC decreased its position in Textron Inc. (NYSE:TXT) by 54.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,008 shares of the aerospace company’s stock after selling 15,757 shares during the quarter. Keeler Thomas Management LLC’s holdings in Textron were worth $1,044,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TXT. Nuveen LLC purchased a new position in shares of Textron during the 1st quarter valued at approximately $89,403,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Textron during the 2nd quarter valued at approximately $66,446,000. Millennium Management LLC boosted its stake in shares of Textron by 128.7% during the 1st quarter. Millennium Management LLC now owns 1,113,026 shares of the aerospace company’s stock valued at $80,416,000 after buying an additional 626,346 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Textron by 5.6% during the 1st quarter. Invesco Ltd. now owns 8,166,902 shares of the aerospace company’s stock valued at $590,059,000 after buying an additional 433,567 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Textron by 110.6% during the 1st quarter. Mackenzie Financial Corp now owns 442,358 shares of the aerospace company’s stock valued at $31,960,000 after buying an additional 232,277 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Price Performance

Shares of TXT opened at $81.13 on Friday. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.29 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.69. Textron Inc. has a one year low of $57.70 and a one year high of $89.28. The stock’s fifty day moving average is $82.32 and its 200-day moving average is $78.02.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, October 23rd. The aerospace company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. The company 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 company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts anticipate that Textron Inc. will post 6.12 EPS for the current year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, December 12th. Textron’s payout ratio is presently 1.81%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TD Cowen reduced their price objective on Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday. The Goldman Sachs Group restated 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. Morgan Stanley raised 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. Susquehanna raised their price objective on Textron from $90.00 to $95.00 and gave the stock a “positive” rating in a research note on Friday, July 25th. Finally, UBS Group reduced their price objective on Textron from $92.00 to $89.00 and set a “neutral” rating on the stock in a research note on Friday. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Textron currently has a consensus rating of “Hold” and a consensus price target of $92.33.

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.