Catalyst Capital Advisors LLC Acquires Shares of 907 Textron Inc. $TXT

Catalyst Capital Advisors LLC acquired a new stake in Textron Inc. (NYSE:TXT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 907 shares of the aerospace company’s stock, valued at approximately $73,000.

Several other hedge funds also recently added to or reduced their stakes in TXT. Cambridge Investment Research Advisors Inc. raised its position in Textron by 31.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,424 shares of the aerospace company’s stock valued at $2,776,000 after purchasing an additional 9,082 shares during the period. Asset Management One Co. Ltd. raised its position in Textron by 10.8% in the first quarter. Asset Management One Co. Ltd. now owns 74,463 shares of the aerospace company’s stock valued at $5,380,000 after purchasing an additional 7,249 shares during the period. Golden State Wealth Management LLC raised its position in Textron by 134.2% in the first quarter. Golden State Wealth Management LLC now owns 1,925 shares of the aerospace company’s stock valued at $139,000 after purchasing an additional 1,103 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Textron by 4.4% during the first quarter. Sequoia Financial Advisors LLC now owns 49,942 shares of the aerospace company’s stock worth $3,608,000 after acquiring an additional 2,101 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Textron by 3.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 527,731 shares of the aerospace company’s stock worth $38,129,000 after acquiring an additional 15,961 shares during the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Stock Up 2.1%

NYSE:TXT opened at $81.13 on Friday. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.32 and a beta of 1.13. Textron Inc. has a one year low of $57.70 and a one year high of $89.28. The stock has a 50-day simple moving average of $82.32 and a 200 day simple moving average of $78.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.69.

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

Textron Dividend Announcement

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 paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, December 12th. Textron’s payout ratio is presently 1.81%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TXT shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Textron in a research report on Friday. Morgan Stanley lifted their target price on Textron from $71.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. UBS Group dropped their target price on Textron from $92.00 to $89.00 and set a “neutral” rating on the stock in a research report on Friday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $85.00 target price (down from $95.00) on shares of Textron in a research report on Tuesday, July 1st. Finally, Susquehanna lifted their target price on Textron from $90.00 to $95.00 and gave the stock a “positive” rating in a research report on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $92.33.

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.