Textron Inc. $TXT Shares Acquired by Entropy Technologies LP

Entropy Technologies LP increased its stake in Textron Inc. (NYSE:TXT) by 125.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 31,883 shares of the aerospace company’s stock after buying an additional 17,761 shares during the period. Entropy Technologies LP’s holdings in Textron were worth $2,779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TXT. AQR Capital Management LLC grew its holdings in shares of Textron by 144.1% during the second quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock valued at $213,942,000 after buying an additional 1,573,206 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Textron by 270.7% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after buying an additional 734,478 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Textron during the third quarter valued at $56,255,000. SG Americas Securities LLC grew its holdings in shares of Textron by 8,087.0% during the fourth quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company’s stock valued at $37,439,000 after buying an additional 424,246 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Textron by 18.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock valued at $222,455,000 after buying an additional 405,314 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Stock Performance

Shares of NYSE TXT opened at $92.71 on Monday. The business’s 50-day moving average price is $90.94 and its two-hundred day moving average price is $91.14. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. Textron Inc. has a one year low of $75.80 and a one year high of $101.57. The company has a market capitalization of $16.12 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.39 and a beta of 0.91.

Textron (NYSE:TXT) last issued its earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts anticipate that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a $0.02 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s payout ratio is 1.53%.

Wall Street Analysts Forecast Growth

TXT has been the topic of a number of research analyst reports. Citigroup lifted their price target on Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Morgan Stanley set a $109.00 price target on Textron in a report on Monday, May 4th. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Sanford C. Bernstein lifted their price target on Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 19th. Finally, Wells Fargo & Company initiated coverage on Textron in a report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $101.18.

Insider Transactions at Textron

In other Textron news, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the transaction, the director owned 8,611 shares in the company, valued at $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas A. Kennedy bought 10,300 shares of the stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the purchase, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.90% of the company’s stock.

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.