Ieq Capital LLC Makes New Investment in Textron Inc. $TXT

Ieq Capital LLC purchased a new position in shares of Textron Inc. (NYSE:TXT) during the second quarter, HoldingsChannel.com reports. The fund purchased 225,906 shares of the aerospace company’s stock, valued at approximately $20,722,000.

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

Textron Trading Down 1.7%

NYSE TXT opened at $82.97 on Friday. Textron Inc. has a 1 year low of $78.12 and a 1 year high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. The company has a market capitalization of $14.27 billion, a PE ratio of 15.65, a P/E/G ratio of 1.23 and a beta of 0.91. The company has a fifty day moving average of $89.66 and a 200 day moving average of $91.41.

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

Textron Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have weighed in on TXT. JPMorgan Chase & Co. boosted their target price on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Wall Street Zen lowered shares of Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. TD Cowen cut their target price on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.44.

Textron Company 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.