EntryPoint Capital LLC trimmed its holdings in Textron Inc. (NYSE:TXT - Free Report) by 54.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,286 shares of the aerospace company's stock after selling 3,962 shares during the quarter. EntryPoint Capital LLC's holdings in Textron were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the company. Syon Capital LLC raised its stake in shares of Textron by 4.5% in the fourth quarter. Syon Capital LLC now owns 3,538 shares of the aerospace company's stock worth $271,000 after purchasing an additional 153 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Textron by 10.3% in the first quarter. Brooklyn Investment Group now owns 1,665 shares of the aerospace company's stock valued at $120,000 after acquiring an additional 156 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Textron by 7.4% in the first quarter. Exchange Traded Concepts LLC now owns 2,869 shares of the aerospace company's stock valued at $207,000 after acquiring an additional 197 shares in the last quarter. Transce3nd LLC grew its holdings in shares of Textron by 14.0% in the first quarter. Transce3nd LLC now owns 1,617 shares of the aerospace company's stock valued at $116,000 after acquiring an additional 199 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Textron by 22.9% in the first quarter. Parallel Advisors LLC now owns 1,115 shares of the aerospace company's stock valued at $81,000 after acquiring an additional 208 shares in the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
TXT has been the subject of several recent analyst reports. Morgan Stanley upped their target price on Textron from $71.00 to $86.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. UBS Group raised Textron from a "sell" rating to a "neutral" rating and upped their target price for the company from $73.00 to $88.00 in a report on Monday, July 28th. Susquehanna upped their target price on Textron from $90.00 to $95.00 and gave the company a "positive" rating in a report on Friday, July 25th. Barclays upped their target price on Textron from $95.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $85.00 price objective (down from $95.00) on shares of Textron in a report on Tuesday, July 1st. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Textron presently has a consensus rating of "Moderate Buy" and an average price target of $92.67.
View Our Latest Stock Report on TXT
Insider Activity
In other Textron news, EVP Julie G. Duffy sold 28,543 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $79.37, for a total transaction of $2,265,457.91. Following the sale, the executive vice president owned 37,624 shares in the company, valued at $2,986,216.88. This represents a 43.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by corporate insiders.
Textron Stock Performance
Shares of NYSE:TXT traded down $0.54 during trading on Friday, hitting $79.93. 121,877 shares of the company were exchanged, compared to its average volume of 1,501,996. The company has a market cap of $14.24 billion, a PE ratio of 18.08, a P/E/G ratio of 1.34 and a beta of 1.16. The stock has a 50 day moving average of $80.77 and a 200 day moving average of $75.05. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $91.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.84.
Textron (NYSE:TXT - Get Free Report) last posted its 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 firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.64 billion. Textron had a return on equity of 14.26% and a net margin of 5.80%.The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities research analysts predict that Textron Inc. will post 6.12 EPS for the current year.
Textron Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, September 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron's dividend payout ratio is currently 1.81%.
About Textron
(
Free Report)
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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