Secured Retirement Advisors LLC Invests $795,000 in Textron Inc. $TXT

Secured Retirement Advisors LLC purchased a new stake in shares of Textron Inc. (NYSE:TXT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,415 shares of the aerospace company’s stock, valued at approximately $795,000.

Several other large investors have also recently added to or reduced their stakes in TXT. Caisse DE Depot ET Placement DU Quebec increased its stake in Textron by 8.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 44,100 shares of the aerospace company’s stock valued at $3,186,000 after purchasing an additional 3,300 shares during the last quarter. Eisler Capital Management Ltd. bought a new position in shares of Textron in the 1st quarter worth about $3,689,000. OMERS ADMINISTRATION Corp boosted its holdings in shares of Textron by 30.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 28,128 shares of the aerospace company’s stock valued at $2,032,000 after buying an additional 6,499 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Textron during the 1st quarter valued at about $1,252,000. Finally, Vident Advisory LLC raised its stake in Textron by 150.8% during the first quarter. Vident Advisory LLC now owns 305,112 shares of the aerospace company’s stock worth $22,044,000 after acquiring an additional 183,471 shares during the period. 86.03% of the stock is currently owned by institutional investors.

Textron Trading Down 0.5%

Shares of TXT stock opened at $90.04 on Friday. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $91.22. The firm has a market capitalization of $15.87 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. The stock has a fifty day moving average of $83.24 and a two-hundred day moving average of $81.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 1.84.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Textron had a net margin of 5.81% and a return on equity of 14.16%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. 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 year.

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be issued a $0.02 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is 1.76%.

Analysts Set New Price Targets

TXT has been the subject of a number of research reports. Wall Street Zen upgraded Textron from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 27th. UBS Group reduced their price objective on Textron from $92.00 to $89.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Citigroup started coverage on Textron in a research report on Thursday, December 11th. They issued a “neutral” rating and a $91.00 target price on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Textron in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $90.92.

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.