Aware Super Pty Ltd as trustee of Aware Super Sells 76,476 Shares of Textron Inc. $TXT

Aware Super Pty Ltd as trustee of Aware Super lowered its stake in Textron Inc. (NYSE:TXT) by 63.5% during the second quarter, Holdings Channel reports. The firm owned 43,954 shares of the aerospace company’s stock after selling 76,476 shares during the period. Aware Super Pty Ltd as trustee of Aware Super’s holdings in Textron were worth $3,529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Allianz Asset Management GmbH acquired a new stake in Textron during the second quarter worth about $279,000. Rosenberg Matthew Hamilton bought a new stake in shares of Textron during the 2nd quarter worth approximately $60,000. Capital Management Corp VA acquired a new stake in shares of Textron during the 2nd quarter worth approximately $789,000. NorthRock Partners LLC bought a new position in Textron in the second quarter valued at approximately $298,000. Finally, Sequoia Financial Advisors LLC raised its position in Textron by 17.3% during the second quarter. Sequoia Financial Advisors LLC now owns 58,567 shares of the aerospace company’s stock valued at $4,702,000 after purchasing an additional 8,625 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Susquehanna raised their target price on Textron from $90.00 to $95.00 and gave the company a “positive” rating in a report on Friday, July 25th. Wall Street Zen upgraded Textron from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Morgan Stanley lifted their target price on Textron from $71.00 to $86.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. Barclays boosted their target price on Textron from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Textron in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Textron currently has a consensus rating of “Hold” and a consensus price target of $92.45.

Insider Activity at Textron

In related news, EVP Julie G. Duffy sold 28,543 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $79.37, for a total value of $2,265,457.91. Following the sale, the executive vice president owned 37,624 shares of the company’s stock, valued at $2,986,216.88. The trade was a 43.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Textron Price Performance

Textron stock opened at $82.65 on Thursday. The stock has a 50-day moving average price of $81.92 and a two-hundred day moving average price of $77.30. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $91.30. The company has a market capitalization of $14.73 billion, a PE ratio of 18.70, a P/E/G ratio of 1.36 and a beta of 1.13. The company has a current ratio of 1.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT) last released its quarterly earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Textron had a return on equity of 14.26% and a net margin of 5.80%.The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is presently 1.81%.

Textron Profile

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.