EntryPoint Capital LLC Has $237,000 Stock Position in Textron Inc. $TXT

Key Points

• EntryPoint Capital LLC significantly reduced its stake in Textron Inc. by 54.7% during the first quarter, holding 3,286 shares valued at $237,000.
• Several institutional investors increased their holdings in Textron, with Invesco Ltd. raising its stake by 5.6% to own over $590 million worth of shares.
• Textron reported earnings of $1.55 EPS for the last quarter, exceeding estimates and revealing a revenue increase of 5.4% year-over-year, along with setting its FY 2025 guidance at $6.00-$6.20 EPS.

EntryPoint Capital LLC lowered its stake in shares of Textron Inc. (NYSE:TXT - Free Report) by 54.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,286 shares of the aerospace company's stock after selling 3,962 shares during the period. EntryPoint Capital LLC's holdings in Textron were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Invesco Ltd. raised its holdings in shares of Textron by 5.6% during the first quarter. Invesco Ltd. now owns 8,166,902 shares of the aerospace company's stock valued at $590,059,000 after purchasing an additional 433,567 shares during the period. Northern Trust Corp raised its holdings in shares of Textron by 9.4% in the 4th quarter. Northern Trust Corp now owns 1,803,778 shares of the aerospace company's stock worth $137,971,000 after acquiring an additional 155,384 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Textron in the 1st quarter worth about $89,403,000. Balyasny Asset Management L.P. raised its holdings in shares of Textron by 6,785.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,236,441 shares of the aerospace company's stock worth $94,575,000 after acquiring an additional 1,218,485 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Textron by 97.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,031,144 shares of the aerospace company's stock worth $78,872,000 after acquiring an additional 510,085 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

Insider Buying and Selling at Textron

In other news, EVP Julie G. Duffy sold 28,543 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $79.37, for a total transaction of $2,265,457.91. Following the completion of the transaction, the executive vice president directly owned 37,624 shares of the company's stock, valued at $2,986,216.88. This represents a 43.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on TXT. Morgan Stanley upped their target price on shares of Textron from $71.00 to $86.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Susquehanna upped their target price on shares of Textron from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Friday, July 25th. Jefferies Financial Group restated a "buy" rating and issued a $95.00 target price (up previously from $85.00) on shares of Textron in a report on Thursday, June 12th. Barclays upped their target price on shares of Textron from $95.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $85.00 price objective (down previously from $95.00) on shares of Textron in a research note 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, Textron presently has an average rating of "Moderate Buy" and an average price target of $92.67.

Textron Trading Up 2.5%

NYSE:TXT opened at $81.4280 on Friday. 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 $14.51 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $91.48. The firm has a 50-day moving average price of $80.43 and a two-hundred day moving average price of $74.88.

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

Textron Dividend Announcement

The business also recently announced 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%.

Textron Company 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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