Asset Management One Co. Ltd. Raises Holdings in Textron Inc. $TXT

Asset Management One Co. Ltd. grew its position in shares of Textron Inc. (NYSE:TXT) by 0.8% in the second quarter, HoldingsChannel reports. The firm owned 75,072 shares of the aerospace company’s stock after buying an additional 609 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Textron were worth $6,028,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TXT. Moody National Bank Trust Division grew its position in Textron by 1.2% in the second quarter. Moody National Bank Trust Division now owns 12,139 shares of the aerospace company’s stock worth $975,000 after acquiring an additional 141 shares in the last quarter. Brooklyn Investment Group grew its position in Textron by 10.3% in the first quarter. Brooklyn Investment Group now owns 1,665 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 156 shares in the last quarter. Fifth Third Bancorp grew its position in Textron by 2.3% in the second quarter. Fifth Third Bancorp now owns 7,063 shares of the aerospace company’s stock worth $567,000 after acquiring an additional 159 shares in the last quarter. 3Chopt Investment Partners LLC grew its position in Textron by 3.3% in the second quarter. 3Chopt Investment Partners LLC now owns 5,333 shares of the aerospace company’s stock worth $428,000 after acquiring an additional 168 shares in the last quarter. Finally, Transce3nd LLC grew its position in Textron by 14.0% in the first quarter. Transce3nd LLC now owns 1,617 shares of the aerospace company’s stock worth $116,000 after acquiring an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analyst Ratings Changes

TXT has been the subject of several recent research reports. UBS Group dropped their price target on Textron from $92.00 to $89.00 and set a “neutral” rating for the company in a research report on Friday. JPMorgan Chase & Co. dropped their price target on Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday. Wall Street Zen upgraded Textron from a “buy” rating to a “strong-buy” rating in a research report on Monday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $85.00 price target (down previously from $95.00) on shares of Textron in a research report on Tuesday, July 1st. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $90.00 target price on shares of Textron in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $92.15.

Textron Stock Down 0.6%

Shares of NYSE:TXT opened at $79.98 on Wednesday. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $89.28. The business has a 50 day simple moving average of $82.36 and a two-hundred day simple moving average of $78.43. The firm has a market capitalization of $14.09 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.30 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.86.

Textron (NYSE:TXT) last announced its earnings results on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.70 billion. Textron had a return on equity of 14.16% and a net margin of 5.81%.The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts predict that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio is 1.76%.

About Textron

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.