Foster & Motley Inc. Takes $1.48 Million Position in Textron Inc. $TXT

Foster & Motley Inc. purchased a new position in shares of Textron Inc. (NYSE:TXT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,104 shares of the aerospace company’s stock, valued at approximately $1,477,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXT. Goldman Sachs Group Inc. raised its stake in Textron by 22.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock valued at $103,890,000 after purchasing an additional 218,201 shares in the last quarter. New York State Teachers Retirement System grew its stake in Textron by 10.7% during the fourth quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock worth $13,641,000 after buying an additional 15,159 shares in the last quarter. National Pension Service increased its holdings in Textron by 17.5% in the 4th quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock valued at $8,600,000 after buying an additional 14,701 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Textron in the 4th quarter valued at about $9,544,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Textron in the 4th quarter valued at approximately $18,521,000. Institutional investors own 86.03% of the company’s stock.

Textron Stock Performance

NYSE TXT opened at $86.26 on Thursday. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.27 and a beta of 0.91. 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 Inc. has a twelve month low of $78.12 and a twelve month high of $101.57. The stock has a fifty day simple moving average of $90.04 and a 200 day simple moving average of $91.49.

Textron (NYSE:TXT) last released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.07. Textron had a net margin of 6.12% and a return on equity of 14.30%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the business earned $1.55 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts expect that Textron Inc. will post 6.5 EPS for the current year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th. Textron’s dividend payout ratio is 1.51%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TXT shares. Morgan Stanley set a $98.00 price target on shares of Textron in a research report on Wednesday, July 29th. TD Cowen lowered their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Finally, UBS Group reiterated a “neutral” rating and issued 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.