EP Wealth Advisors LLC Buys Shares of 20,272 Textron Inc. $TXT

EP Wealth Advisors LLC bought a new position in shares of Textron Inc. (NYSE:TXT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,272 shares of the aerospace company's stock, valued at approximately $1,860,000.

Several other institutional investors also recently modified their holdings of TXT. Activest Wealth Management increased its stake 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 valued at $26,000 after acquiring an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC bought a new position in Textron during the 4th quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new position in Textron during the 1st quarter worth approximately $29,000. Elyxium Wealth LLC acquired a new position in Textron during the fourth quarter valued at approximately $30,000. Finally, Strive Financial Group LLC acquired a new position in Textron during the fourth quarter valued at approximately $31,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TXT. Weiss Ratings upgraded shares of Textron from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 13th. Jefferies Financial Group reissued a "buy" rating on shares of Textron in a report on Sunday, May 3rd. JPMorgan Chase & Co. upped their price objective on shares of Textron from $90.00 to $105.00 and gave the company a "neutral" rating in a research report on Monday, May 4th. Morgan Stanley set a $98.00 price objective on Textron in a research note on Wednesday, July 29th. Finally, 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 note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $102.44.

Textron Stock Performance

Shares of TXT stock opened at $82.97 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. The company has a market capitalization of $14.27 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. The company's 50 day moving average price is $89.66 and its two-hundred day moving average price is $91.41. Textron Inc. has a 52 week low of $78.12 and a 52 week high of $101.57.

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

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th. Textron's 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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