Wealthfront Advisers LLC Takes $2.86 Million Position in Textron Inc. $TXT

Key Points

• Wealthfront Advisers initiated a $2.86 million position in Textron during the second quarter, buying 31,225 shares. Institutional investors collectively own 86.03% of the aerospace and industrial company.
• Textron’s shares recently traded at $84.43, down 2.2%, while the company reported quarterly EPS of $1.62 and revenue of $3.83 billion—both above analyst expectations. Management’s fiscal 2026 EPS guidance is $6.40–$6.60.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $102.44, despite some target reductions and hold ratings. Textron also declared a quarterly dividend of $0.02 per share, equivalent to a 0.1% yield.

Wealthfront Advisers LLC purchased a new stake in Textron Inc. (NYSE:TXT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 31,225 shares of the aerospace company's stock, valued at approximately $2,864,000.

Several other institutional investors have also recently bought and sold shares of TXT. BlackRock Inc. acquired a new stake in shares of Textron in the 2nd quarter valued at $1,434,125,000. AQR Capital Management LLC lifted its stake in shares of Textron by 51.1% during the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company's stock valued at $466,986,000 after acquiring an additional 1,811,787 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Textron during the second quarter valued at $105,946,000. Deutsche Bank AG bought a new position in Textron in the second quarter valued at about $67,819,000. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in Textron by 270.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company's stock valued at $80,759,000 after acquiring an additional 734,478 shares during the last quarter. Institutional investors own 86.03% of the company's stock.

Textron Trading Down 2.2%

NYSE:TXT opened at $84.43 on Friday. Textron Inc. has a 1-year low of $78.12 and a 1-year high of $101.57. The business's 50-day moving average price is $89.85 and its two-hundred day moving average price is $91.47. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 1.25 and a beta of 0.91.

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

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron's dividend payout ratio (DPR) is presently 1.51%.

Analysts Set New Price Targets

Several analysts have weighed in on TXT shares. Wall Street Zen cut Textron from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, July 13th. UBS Group reiterated a "neutral" rating and set a $95.00 price target on shares of Textron in a research report on Wednesday, July 29th. TD Cowen dropped their price target on shares of Textron from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Monday, July 13th. Finally, Morgan Stanley set a $98.00 price objective on shares of Textron in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Textron has a consensus rating of "Moderate Buy" and a consensus target price of $102.44.

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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