Wealthfront Advisers LLC Makes New $2.86 Million Investment in Textron Inc. $TXT

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

Other hedge funds also recently modified their holdings of the company. Wilkerson Advisory Group LLC bought a new position in shares of Textron during the 4th quarter valued at about $26,000. Activest Wealth Management raised its holdings in Textron by 3,255.6% during the 4th 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. Cedar Mountain Advisors LLC bought a new position in Textron in the first quarter valued at approximately $29,000. Elyxium Wealth LLC acquired a new position in shares of Textron in the fourth quarter valued at approximately $30,000. Finally, Strive Financial Group LLC bought a new stake in shares of Textron during the fourth quarter worth $31,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Down 2.2%

Textron stock opened at $84.43 on Friday. The company has a market cap of $14.52 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 1.25 and a beta of 0.91. Textron Inc. has a 1-year low of $78.12 and a 1-year high of $101.57. The company has a fifty day simple moving average of $89.85 and a 200 day simple moving average of $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.

Textron (NYSE:TXT) last issued its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.81 billion. During the same period in the previous year, the firm posted $1.55 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts anticipate that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Dividend Announcement

The business also recently announced 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 of this dividend is Friday, September 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron’s payout ratio is currently 1.51%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wall Street Zen cut shares of Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley set a $98.00 target price on Textron in a report on Wednesday, July 29th. TD Cowen cut their price target on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, July 13th. JPMorgan Chase & Co. upped their price objective on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, UBS Group reiterated a “neutral” rating and set a $95.00 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 issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.