Fox Run Management L.L.C. Sells 1,111 Shares of Textron Inc. $TXT

Fox Run Management L.L.C. cut its holdings in Textron Inc. (NYSE:TXT) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,487 shares of the aerospace company’s stock after selling 1,111 shares during the period. Fox Run Management L.L.C.’s holdings in Textron were worth $1,324,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Harvest Portfolios Group Inc. lifted its holdings in shares of Textron by 4.0% in the second quarter. Harvest Portfolios Group Inc. now owns 24,522 shares of the aerospace company’s stock worth $1,969,000 after buying an additional 945 shares in the last quarter. Savant Capital LLC lifted its stake in Textron by 54.1% in the 2nd quarter. Savant Capital LLC now owns 17,084 shares of the aerospace company’s stock worth $1,372,000 after purchasing an additional 5,995 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in shares of Textron by 5.6% during the 2nd quarter. Twin Capital Management Inc. now owns 12,701 shares of the aerospace company’s stock valued at $1,020,000 after purchasing an additional 671 shares during the last quarter. Resona Asset Management Co. Ltd. grew its position in shares of Textron by 2.6% during the second quarter. Resona Asset Management Co. Ltd. now owns 59,013 shares of the aerospace company’s stock valued at $4,739,000 after purchasing an additional 1,509 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Textron during the second quarter valued at about $27,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Trading Up 2.0%

NYSE TXT opened at $82.05 on Friday. The stock has a market cap of $14.46 billion, a PE ratio of 18.03, a PEG ratio of 1.30 and a beta of 1.13. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $89.28. The company’s 50-day moving average price is $82.32 and its 200-day moving average price is $79.26. The company has a current ratio of 1.84, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.70 billion. Textron had a net margin of 5.81% and a return on equity of 14.16%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts forecast that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio is 1.76%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TXT shares. Morgan Stanley increased their price target on Textron from $71.00 to $86.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. UBS Group decreased their price objective on Textron from $92.00 to $89.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Susquehanna increased their target price on Textron from $90.00 to $95.00 and gave the company a “positive” rating in a research report on Friday, July 25th. Wall Street Zen raised shares of Textron from a “buy” rating to a “strong-buy” rating in a report on Monday, October 27th. Finally, TD Cowen decreased their price target on shares of Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Textron currently has an average rating of “Hold” and a consensus target price 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.