Secured Retirement Advisors LLC Takes Position in Textron Inc. $TXT

by · The Cerbat Gem

Secured Retirement Advisors LLC acquired a new position in shares of Textron Inc. (NYSE:TXT – Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,415 shares of the aerospace company’s stock, valued at approximately $795,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Callan Family Office LLC raised its holdings in Textron by 133.1% in the second quarter. Callan Family Office LLC now owns 7,863 shares of the aerospace company’s stock valued at $631,000 after buying an additional 4,490 shares during the period. Millennium Management LLC raised its stake in shares of Textron by 128.7% in the 1st quarter. Millennium Management LLC now owns 1,113,026 shares of the aerospace company’s stock valued at $80,416,000 after acquiring an additional 626,346 shares during the period. Baxter Bros Inc. lifted its holdings in shares of Textron by 45.8% during the 3rd quarter. Baxter Bros Inc. now owns 39,865 shares of the aerospace company’s stock valued at $3,368,000 after acquiring an additional 12,530 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Textron during the 1st quarter valued at $3,544,000. Finally, Ethic Inc. boosted its position in Textron by 9.4% during the 2nd quarter. Ethic Inc. now owns 4,312 shares of the aerospace company’s stock worth $346,000 after purchasing an additional 372 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TXT shares. TD Cowen reduced their price objective on Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. Citigroup assumed coverage on Textron in a research report on Thursday, December 11th. They set a “neutral” rating and a $91.00 price target on the stock. Wall Street Zen raised shares of Textron from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 27th. UBS Group dropped their price objective on shares of Textron from $92.00 to $89.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $90.00 target price on shares of Textron in a research note on Monday, October 27th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Textron has an average rating of “Hold” and a consensus price target of $90.92.

Check Out Our Latest Report on TXT

Textron Stock Performance

Textron stock opened at $90.04 on Friday. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $91.22. The company has a current ratio of 1.84, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45. The stock has a market cap of $15.87 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. The stock has a 50 day moving average of $83.24 and a 200-day moving average of $81.93.

Textron (NYSE:TXT – Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. Textron had a net margin of 5.81% and a return on equity of 14.16%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the prior year, the company posted $1.40 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Investors 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 dividend payout ratio (DPR) is 1.76%.

Textron Profile

(Free Report)

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.

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