Montag A & Associates Inc. Sells 1,308 Shares of Textron Inc. $TXT

Montag A & Associates Inc. decreased its position in shares of Textron Inc. (NYSE:TXT) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,850 shares of the aerospace company’s stock after selling 1,308 shares during the quarter. Montag A & Associates Inc.’s holdings in Textron were worth $1,434,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Assetmark Inc. grew its position in Textron by 191.9% in the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 213 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Textron during the second quarter valued at about $27,000. Banque Cantonale Vaudoise acquired a new position in shares of Textron during the first quarter valued at about $25,000. Harvest Fund Management Co. Ltd increased its position in shares of Textron by 100.0% during the first quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 262 shares in the last quarter. Finally, Addison Advisors LLC acquired a new stake in shares of Textron in the 2nd quarter worth about $43,000. 86.03% of the stock is currently owned by institutional investors.

Textron Stock Up 0.5%

Shares of NYSE:TXT opened at $82.44 on Wednesday. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $88.38. The company has a market capitalization of $14.53 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.30 and a beta of 1.13. The business has a fifty day moving average price of $82.41 and a two-hundred day moving average price of $79.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.86.

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

Textron Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on TXT shares. Susquehanna boosted their price objective on Textron from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Friday, July 25th. JPMorgan Chase & Co. cut their target price on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Wall Street Zen upgraded Textron from a “buy” rating to a “strong-buy” rating in a report on Monday, October 27th. UBS Group dropped 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, October 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Textron in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.