EP Wealth Advisors Acquires 20,272 Shares of Textron Inc. in Q2
Why It MattersGrowing institutional interest in Textron reflects continued investor attention to business-jet and helicopter manufacturing amid steady quarterly revenue growth.
EP Wealth Advisors LLC purchased a new position of 20,272 shares in Textron Inc. during the second quarter, valued at approximately $1.86 million, according to the firm's most recent 13F filing with the Securities and Exchange Commission. Other institutional investors also adjusted their Textron holdings: Activest Wealth Management increased its stake by 3,255.6% in the fourth quarter, adding 293 shares to reach 302 shares valued at $26,000, while Wilkerson Advisory Group LLC and Cedar Mountain Advisors LLC opened new positions worth approximately $26,000 and $29,000, and Elyxium Wealth LLC and Strive Financial Group LLC started positions valued at approximately $30,000 and $31,000, respectively.
Weiss Ratings upgraded Textron from "hold" to "buy" on July 13, Jefferies Financial Group reaffirmed a "buy" rating on May 3, JPMorgan Chase raised its price target from $90 to $105 with a "neutral" rating on May 4, Morgan Stanley set a $98 price target on July 29, and TD Cowen lowered its target from $115 to $105 while maintaining a "hold" rating on July 13. The stock carries a consensus "Moderate Buy" rating with a target price of $102.44. Textron shares opened at $82.97, with a market capitalization of $14.27 billion, a P/E ratio of 15.65, a beta of 0.91, and a 52-week range of $78.12 to $101.57.
For the quarter ended July 28, Textron reported earnings per share of $1.62, beating estimates of $1.55, on revenue of $3.83 billion, up 3.0% year-over-year and above the $3.81 billion expected. The company set fiscal year 2026 EPS guidance at $6.40 to $6.60 and declared a quarterly dividend of $0.02 per share, payable October 1 to shareholders of record as of September 11, an annualized dividend of $0.08 and a yield of approximately 0.1%.
