Textron Inc. $TXT Shares Purchased by Cwm LLC

Key Points

• Cwm LLC significantly increased its investment in Textron Inc. by 205.4%, acquiring an additional 25,001 shares in the second quarter, which brings its total ownership to approximately $2.98 million.
• Textron reported better-than-expected quarterly earnings with $1.55 EPS, surpassing the consensus estimate of $1.45 EPS and showing a year-over-year revenue growth of 5.4%.
• The company is projecting FY 2025 earnings of 6.000-6.200 EPS and recently declared a quarterly dividend with a yield of 0.1%.

Cwm LLC boosted its holdings in Textron Inc. (NYSE:TXT - Free Report) by 205.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,171 shares of the aerospace company's stock after buying an additional 25,001 shares during the quarter. Cwm LLC's holdings in Textron were worth $2,984,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sippican Capital Advisors purchased a new position in Textron during the 2nd quarter worth approximately $201,000. Board of the Pension Protection Fund acquired a new stake in shares of Textron in the second quarter worth $538,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Textron by 8.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,875 shares of the aerospace company's stock worth $1,917,000 after buying an additional 1,934 shares during the period. Johnson Investment Counsel Inc. acquired a new stake in shares of Textron in the second quarter worth $200,000. Finally, U S Global Investors Inc. boosted its position in shares of Textron by 4.2% in the second quarter. U S Global Investors Inc. now owns 212,794 shares of the aerospace company's stock worth $17,085,000 after buying an additional 8,513 shares during the period. Institutional investors and hedge funds own 86.03% of the company's stock.

Textron Stock Down 0.4%

TXT stock opened at $81.31 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $91.30. The company has a fifty day simple moving average of $82.09 and a 200 day simple moving average of $77.42. The firm has a market cap of $14.49 billion, a PE ratio of 18.40, a PEG ratio of 1.32 and a beta of 1.13.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The aerospace company reported $1.55 earnings per share (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 business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business earned $1.54 EPS. Textron's quarterly revenue was up 5.4% compared to the same quarter last year. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Sell-side analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, September 12th. Textron's payout ratio is presently 1.81%.

Insider Activity

In related news, EVP Julie G. Duffy sold 28,543 shares of Textron stock in a transaction on Friday, July 25th. The shares were 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. The trade was a 43.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TXT. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $85.00 target price (down previously from $95.00) on shares of Textron in a research report on Tuesday, July 1st. UBS Group raised Textron from a "sell" rating to a "neutral" rating and raised their target price for the stock from $73.00 to $88.00 in a research report on Monday, July 28th. Wall Street Zen raised shares of Textron from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 11th. Weiss Ratings reissued a "hold (c+)" rating on shares of Textron in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their target price on shares of Textron from $71.00 to $86.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $92.45.

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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