United Capital Financial Advisors LLC Acquires Shares of 11,146 Textron Inc. $TXT

United Capital Financial Advisors LLC bought a new position in shares of Textron Inc. (NYSE:TXT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,146 shares of the aerospace company’s stock, valued at approximately $1,022,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Textron by 13.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock valued at $1,049,000 after acquiring an additional 1,709 shares during the period. Empowered Funds LLC increased its holdings in shares of Textron by 6.3% in the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after acquiring an additional 1,265 shares during the period. Focus Partners Wealth raised its position in Textron by 18.0% in the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock valued at $348,000 after purchasing an additional 735 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Textron during the 2nd quarter worth $453,000. Finally, Baird Financial Group Inc. increased its stake in Textron by 15.3% in the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock valued at $1,539,000 after purchasing an additional 2,548 shares during the period. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Price Performance

Textron stock opened at $83.19 on Monday. The firm’s 50-day simple moving average is $88.74 and its 200 day simple moving average is $91.08. The firm has a market capitalization of $14.31 billion, a PE ratio of 15.70, a P/E/G ratio of 1.21 and a beta of 0.91. Textron Inc. has a 52 week low of $78.12 and a 52 week high of $101.57. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last announced its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.07. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts predict that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, September 11th. Textron’s dividend payout ratio is presently 1.51%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Wall Street Zen lowered Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. TD Cowen lowered their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Morgan Stanley set a $98.00 price objective on shares of Textron in a research report on Wednesday, July 29th. Finally, UBS Group reiterated a “neutral” rating and set a $95.00 price target on shares of Textron in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.44.

About Textron

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.