Empowered Funds LLC Takes $1.67 Million Position in Textron Inc. $TXT

Key Points

• Empowered Funds LLC opened a new Textron position worth approximately $1.67 million, while institutional investors collectively own 86.03% of the company.
• Textron exceeded quarterly expectations, reporting $1.62 in earnings per share and $3.83 billion in revenue, with revenue rising 3% year over year. The company maintained fiscal 2026 EPS guidance of $6.40–$6.60.
• TXT shares recently traded near $79, close to their 52-week low, while analysts have a “Moderate Buy” consensus and an average price target of $102.44.

Empowered Funds LLC purchased a new stake in shares of Textron Inc. (NYSE:TXT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,153 shares of the aerospace company's stock, valued at approximately $1,665,000.

Other hedge funds also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC purchased a new stake in Textron during the 4th quarter valued at $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Textron in the 1st quarter worth $29,000. Elyxium Wealth LLC purchased a new position in shares of Textron in the fourth quarter worth $30,000. Strive Financial Group LLC purchased a new position in shares of Textron in the fourth quarter worth $31,000. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of Textron by 522.4% during the second quarter. Elevation Wealth Partners LLC now owns 361 shares of the aerospace company's stock valued at $33,000 after purchasing an additional 303 shares in the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Stock Performance

TXT stock opened at $79.18 on Friday. The company has a market cap of $13.62 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Textron Inc. has a 1 year low of $78.12 and a 1 year high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. The stock's fifty day moving average price is $88.14 and its 200-day moving average price is $90.58.

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

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given 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 is presently 1.51%.

Analyst Ratings Changes

Several equities research analysts recently commented on TXT shares. TD Cowen dropped their price objective on Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. UBS Group reissued a "neutral" rating and issued a $95.00 target price on shares of Textron in a research report on Wednesday, July 29th. Wall Street Zen cut shares of Textron from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Morgan Stanley set a $98.00 price target on shares of Textron in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $102.44.

About Textron

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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