Landscape Capital Management L.L.C. Buys New Stake in Textron Inc. $TXT

Landscape Capital Management L.L.C. bought a new stake in shares of Textron Inc. (NYSE:TXT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,162 shares of the aerospace company’s stock, valued at approximately $1,941,000.

Other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in Textron by 22.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock worth $103,890,000 after purchasing an additional 218,201 shares during the period. New York State Teachers Retirement System increased its stake in Textron by 10.7% during the 4th quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock valued at $13,641,000 after buying an additional 15,159 shares during the period. National Pension Service raised its position in shares of Textron by 17.5% during the 4th quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock worth $8,600,000 after buying an additional 14,701 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Textron during the 4th quarter worth about $9,544,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Textron in the 4th quarter worth approximately $18,521,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

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Textron Stock Down 1.7%

NYSE TXT opened at $82.97 on Friday. Textron Inc. has a 12 month low of $78.12 and a 12 month high of $101.57. The company has a market capitalization of $14.27 billion, a P/E ratio of 15.65, a PEG ratio of 1.20 and a beta of 0.91. The company’s 50 day simple moving average is $89.66 and its 200 day simple moving average is $91.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85.

Textron (NYSE:TXT – Get Free Report) last issued its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts expect that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 1.51%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TXT. Morgan Stanley set a $98.00 price objective on shares of Textron in a report on Wednesday, July 29th. Wall Street Zen cut Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. TD Cowen cut their target price on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $102.44.

Read Our Latest Research Report on TXT

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.

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