Great Lakes Advisors LLC Makes New Investment in Textron Inc. $TXT

Great Lakes Advisors LLC bought a new position in Textron Inc. (NYSE:TXT) during the second quarter, HoldingsChannel reports. The fund bought 885,467 shares of the aerospace company’s stock, valued at approximately $81,224,000.

Several other hedge funds have also bought and sold shares of the stock. Activest Wealth Management raised its stake in shares of Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after buying an additional 293 shares during the period. Wilkerson Advisory Group LLC bought a new position in shares of Textron during the 4th quarter valued at approximately $26,000. Cedar Mountain Advisors LLC purchased a new stake in Textron in the 1st quarter worth approximately $29,000. Elyxium Wealth LLC bought a new stake in Textron during the 4th quarter worth approximately $30,000. Finally, Strive Financial Group LLC bought a new stake in Textron during the 4th quarter worth approximately $31,000. Institutional investors own 86.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TXT. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Morgan Stanley set a $98.00 price target on Textron in a research note on Wednesday, July 29th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Wall Street Zen downgraded Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One equities 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

Textron Price Performance

Shares of NYSE:TXT opened at $87.24 on Wednesday. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.29 and a beta of 0.91. The firm has a fifty day moving average price of $90.14 and a 200 day moving average price of $91.50. Textron Inc. has a fifty-two week low of $78.12 and a fifty-two week high of $101.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86.

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

Textron Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, September 11th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 1.51%.

Textron 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.