Enclave Advisors LLC Makes New Investment in Textron Inc. $TXT

Key Points

• Enclave Advisors LLC has acquired a new stake in Textron Inc., purchasing 3,435 shares valued at approximately $276,000.
• Textron reported earnings of $1.55 EPS for its most recent quarter, exceeding analyst estimates and reflecting a 5.4% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.02 per share, scheduled to be paid on October 1st, indicating a dividend yield of 0.1%.

Enclave Advisors LLC acquired a new stake in Textron Inc. (NYSE:TXT - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,435 shares of the aerospace company's stock, valued at approximately $276,000.

A number of other hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise bought a new stake in Textron during the first quarter valued at $25,000. Harvest Fund Management Co. Ltd boosted its position in shares of Textron by 100.0% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 262 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Textron during the first quarter worth approximately $41,000. Federated Hermes Inc. grew its stake in Textron by 48.8% during the first quarter. Federated Hermes Inc. now owns 802 shares of the aerospace company's stock worth $58,000 after purchasing an additional 263 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Textron by 123.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 842 shares of the aerospace company's stock worth $61,000 after purchasing an additional 465 shares in the last quarter. Institutional investors own 86.03% of the company's stock.

Textron Stock Performance

Shares of TXT stock opened at $83.57 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.84. The firm has a market cap of $14.89 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.36 and a beta of 1.14. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $91.30. The firm's 50-day simple moving average is $80.75 and its two-hundred day simple moving average is $76.39.

Textron (NYSE:TXT - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.64 billion. Textron had a net margin of 5.80% and a return on equity of 14.26%. Textron's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities analysts forecast that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 12th. Textron's dividend payout ratio is currently 1.81%.

Analyst Upgrades and Downgrades

TXT has been the topic of a number of research analyst reports. Susquehanna increased their price target on Textron from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Friday, July 25th. UBS Group upgraded shares of Textron from a "sell" rating to a "neutral" rating and raised their price target for the stock from $73.00 to $88.00 in a report on Monday, July 28th. Wall Street Zen lowered shares of Textron from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 20th. Morgan Stanley increased their price objective on shares of Textron from $71.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $85.00 target price (down from $95.00) on shares of Textron in a research report on Tuesday, July 1st. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $92.45.

Insider Buying and Selling at Textron

In related news, EVP Julie G. Duffy sold 28,543 shares of Textron stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $79.37, for a total value of $2,265,457.91. Following the completion of the sale, the executive vice president owned 37,624 shares of the company's stock, valued at approximately $2,986,216.88. This trade represents a 43.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company's stock.

Textron 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.

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