Sanctuary Advisors LLC Invests $1.78 Million in Textron Inc. $TXT

Sanctuary Advisors LLC acquired a new position in Textron Inc. (NYSE:TXT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,379 shares of the aerospace company’s stock, valued at approximately $1,778,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TXT. Wilkerson Advisory Group LLC bought a new position in Textron in the 4th quarter worth approximately $26,000. Activest Wealth Management raised its holdings in Textron by 3,255.6% during the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Cedar Mountain Advisors LLC purchased a new stake in shares of Textron during the first quarter worth $29,000. Elyxium Wealth LLC bought a new position in shares of Textron in the fourth quarter worth $30,000. Finally, Strive Financial Group LLC bought a new position in shares of Textron in the fourth quarter worth $31,000. 86.03% of the stock is currently owned by institutional investors.

Textron Price Performance

Textron stock opened at $83.26 on Thursday. Textron Inc. has a 52 week low of $78.12 and a 52 week high of $101.57. The business has a 50-day simple moving average of $89.00 and a 200 day simple moving average of $91.26. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 1.19 and a beta of 0.91.

Textron (NYSE:TXT) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, research analysts forecast that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Announces Dividend

The business 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 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th. Textron’s dividend payout ratio (DPR) is currently 1.51%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. TD Cowen decreased their price objective on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Wall Street Zen cut Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley set a $98.00 price target on shares of Textron in a report on Wednesday, July 29th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $102.44.

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.