U S Global Investors Inc. Cuts Stock Position in Textron Inc. $TXT

U S Global Investors Inc. cut its position in shares of Textron Inc. (NYSE:TXT) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,046 shares of the aerospace company’s stock after selling 22,748 shares during the quarter. Textron makes up about 1.8% of U S Global Investors Inc.’s investment portfolio, making the stock its 15th largest position. U S Global Investors Inc.’s holdings in Textron were worth $16,057,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. True Wealth Design LLC boosted its stake in Textron by 388.5% in the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock worth $25,000 after buying an additional 237 shares in the last quarter. Assetmark Inc. raised its stake in shares of Textron by 191.9% during the second quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 213 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Textron in the 2nd quarter worth approximately $27,000. Private Trust Co. NA boosted its stake in shares of Textron by 155.6% in the 3rd quarter. Private Trust Co. NA now owns 460 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 280 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Textron during the 2nd quarter valued at $41,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TXT has been the subject of several recent research reports. Citigroup began coverage on shares of Textron in a research note on Thursday, December 11th. They issued a “neutral” rating and a $91.00 price target for the company. Wall Street Zen raised Textron from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 27th. UBS Group dropped their target price on Textron from $92.00 to $89.00 and set a “neutral” rating for the company in a report on Friday, October 24th. TD Cowen reduced their price target on Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. Finally, Weiss Ratings downgraded Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.92.

Textron Stock Down 0.1%

NYSE TXT opened at $87.05 on Friday. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $91.22. The stock has a market capitalization of $15.34 billion, a PE ratio of 19.13, a PEG ratio of 1.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.86. The business’s 50-day moving average is $84.02 and its 200 day moving average is $82.41.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.08. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.70 billion. Textron had a return on equity of 14.16% and a net margin of 5.81%.The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Sell-side analysts forecast that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Announces Dividend

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

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.