SG Americas Securities LLC Increases Holdings in Textron Inc. $TXT

SG Americas Securities LLC raised its stake in Textron Inc. (NYSE:TXT) by 44.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,194 shares of the aerospace company’s stock after purchasing an additional 2,524 shares during the quarter. SG Americas Securities LLC’s holdings in Textron were worth $658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Avantax Advisory Services Inc. raised its holdings in shares of Textron by 11.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,786 shares of the aerospace company’s stock valued at $490,000 after buying an additional 689 shares during the period. HB Wealth Management LLC grew its position in Textron by 10.5% in the first quarter. HB Wealth Management LLC now owns 5,274 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 501 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Textron by 4.4% during the first quarter. Empirical Finance LLC now owns 7,248 shares of the aerospace company’s stock valued at $524,000 after purchasing an additional 306 shares during the period. LPL Financial LLC lifted its position in shares of Textron by 4.9% during the first quarter. LPL Financial LLC now owns 89,732 shares of the aerospace company’s stock worth $6,483,000 after purchasing an additional 4,204 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Textron by 110.6% in the first quarter. Mackenzie Financial Corp now owns 442,358 shares of the aerospace company’s stock valued at $31,960,000 after purchasing an additional 232,277 shares during the period. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Trading Up 0.6%

NYSE:TXT opened at $82.91 on Wednesday. The company has a market cap of $14.61 billion, a PE ratio of 18.22, a P/E/G ratio of 1.30 and a beta of 1.13. The business’s 50 day moving average is $82.31 and its two-hundred day moving average is $80.28. The company has a quick ratio of 0.86, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $87.94.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. Textron had a return on equity of 14.16% and a net margin of 5.81%.The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the prior year, the company posted $1.40 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, analysts predict that Textron Inc. will post 6.12 EPS for the current year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, December 12th. Textron’s dividend payout ratio (DPR) is presently 1.76%.

Analyst Ratings Changes

A number of brokerages have commented on TXT. Weiss Ratings reiterated a “hold (c+)” rating on shares of Textron in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Barclays raised their price objective on Textron from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $90.00 target price on shares of Textron in a research report on Monday, October 27th. Finally, Wall Street Zen raised shares of Textron from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 27th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $92.15.

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.