885,467 Shares in Textron Inc. $TXT Bought by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC acquired 885,467 Textron shares worth approximately $81.2 million, giving it a 0.51% stake. Institutional investors collectively own 86.03% of the company.
• Analysts maintain a generally positive outlook, with Textron holding a consensus “Moderate Buy” rating and an average price target of $102.44, despite some hold ratings.
• Textron exceeded quarterly expectations with adjusted EPS of $1.62 versus $1.55 expected and revenue of $3.83 billion. The company also reaffirmed fiscal 2026 EPS guidance of $6.40–$6.60 and announced a quarterly dividend of $0.02 per share.

Great Lakes Advisors LLC acquired a new stake in shares of Textron Inc. (NYSE:TXT - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 885,467 shares of the aerospace company's stock, valued at approximately $81,224,000. Great Lakes Advisors LLC owned 0.51% of Textron at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Activest Wealth Management raised its position in shares of Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company's stock worth $26,000 after acquiring an additional 293 shares in the last quarter. Wilkerson Advisory Group LLC bought a new stake in shares of Textron during the fourth quarter valued at approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Textron during the first quarter valued at approximately $29,000. Elyxium Wealth LLC purchased a new stake in Textron in the fourth quarter worth $30,000. Finally, Strive Financial Group LLC bought a new position in Textron in the fourth quarter worth $31,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Textron from $90.00 to $105.00 and gave the company a "neutral" rating in a research report on Monday, May 4th. Wall Street Zen lowered shares of Textron from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, July 13th. Jefferies Financial Group reissued a "buy" rating on shares of Textron in a research note on Sunday, May 3rd. Finally, UBS Group restated a "neutral" rating and issued a $95.00 price objective on shares of Textron in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Textron currently has a consensus rating of "Moderate Buy" and an average price target of $102.44.

Textron Trading Down 0.5%

NYSE TXT opened at $87.24 on Wednesday. Textron Inc. has a 12 month low of $78.12 and a 12 month high of $101.57. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The stock's fifty day moving average price is $90.14 and its 200-day moving average price is $91.50. The stock has a market cap of $15.00 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.29 and a beta of 0.91.

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

Textron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, September 11th. Textron's dividend payout ratio is currently 1.51%.

Textron Company Profile

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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