Focus Partners Advisor Solutions LLC Makes New Investment in Textron Inc. $TXT

Focus Partners Advisor Solutions LLC acquired a new position in Textron Inc. (NYSE:TXT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,599 shares of the aerospace company’s stock, valued at approximately $610,000.

Several other institutional investors and hedge funds have also bought and sold shares of TXT. Banque Cantonale Vaudoise purchased a new position in shares of Textron during the first quarter valued at approximately $25,000. Harvest Fund Management Co. Ltd boosted its position in shares of Textron by 100.0% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 262 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Textron in the 1st quarter worth approximately $41,000. Federated Hermes Inc. boosted its position in shares of Textron by 48.8% in the 1st quarter. Federated Hermes Inc. now owns 802 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 263 shares in the last quarter. Finally, Rosenberg Matthew Hamilton bought a new stake in shares of Textron in the 2nd quarter worth approximately $60,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Price Performance

Shares of NYSE TXT opened at $79.94 on Thursday. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $89.28. The firm has a market cap of $14.09 billion, a P/E ratio of 17.57, a PEG ratio of 1.30 and a beta of 1.13. The company has a 50 day moving average of $82.37 and a 200 day moving average of $78.53. 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 (NYSE:TXT) last announced its quarterly earnings data on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. Textron had a net margin of 5.81% and a return on equity of 14.16%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the business earned $1.40 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, research analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders 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 yield of 0.1%. The ex-dividend date of this dividend is Friday, December 12th. Textron’s payout ratio is 1.76%.

Analyst Ratings Changes

TXT has been the topic of a number of analyst reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $90.00 price target on shares of Textron in a research report on Monday. Wall Street Zen raised Textron from a “buy” rating to a “strong-buy” rating in a research report on Monday. Barclays boosted their price target on Textron from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. dropped their price target on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Susquehanna boosted their price objective on shares of Textron from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Textron has a consensus rating of “Hold” and a consensus price target of $92.15.

Textron Company 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.