Landscape Capital Management L.L.C. Invests $2.91 Million in Textron Inc. $TXT

Landscape Capital Management L.L.C. purchased a new position in shares of Textron Inc. (NYSE:TXTFree Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 33,382 shares of the aerospace company’s stock, valued at approximately $2,910,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Motley Fool Asset Management LLC increased its stake in shares of Textron by 3.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock worth $262,000 after purchasing an additional 106 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Textron by 22.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 119 shares during the last quarter. Capital Management Corp VA increased its stake in shares of Textron by 1.0% during the 4th quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock worth $1,088,000 after purchasing an additional 120 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Textron by 24.5% during the 4th quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock worth $55,000 after purchasing an additional 124 shares during the last quarter. Finally, Glenmede Investment Management LP increased its stake in shares of Textron by 1.0% during the 3rd quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company’s stock worth $1,193,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Wall Street Analysts Forecast Growth

TXT has been the topic of several recent analyst reports. TD Cowen upgraded shares of Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Morgan Stanley set a $109.00 price objective on shares of Textron in a research note on Monday, May 4th. Finally, Sanford C. Bernstein boosted their price objective on shares of Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Textron presently has an average rating of “Moderate Buy” and an average price target of $101.18.

Check Out Our Latest Report on TXT

Textron Trading Down 0.1%

TXT stock opened at $92.71 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. The company’s 50-day simple moving average is $90.94 and its 200 day simple moving average is $91.14. Textron Inc. has a 52 week low of $75.80 and a 52 week high of $101.57. The company has a market capitalization of $16.12 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.39 and a beta of 0.91.

Textron (NYSE:TXTGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the company posted $1.28 earnings per share. Textron’s revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts anticipate that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a $0.02 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio is 1.53%.

Insider Activity

In other Textron news, Director Thomas A. Kennedy purchased 10,300 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the purchase, the director owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the transaction, the director owned 8,611 shares in the company, valued at $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

About Textron

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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