Korea Investment CORP Makes New $6.81 Million Investment in Textron Inc. $TXT

Korea Investment CORP purchased a new position in Textron Inc. (NYSE:TXT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 74,281 shares of the aerospace company’s stock, valued at approximately $6,814,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC purchased a new stake in Textron during the fourth quarter valued at about $26,000. Activest Wealth Management raised its holdings in shares of Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 293 shares during the period. Cedar Mountain Advisors LLC acquired a new position in shares of Textron in the 1st quarter valued at about $29,000. Elyxium Wealth LLC purchased a new stake in shares of Textron during the 4th quarter worth about $30,000. Finally, Strive Financial Group LLC purchased a new stake in shares of Textron during the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Trading Down 0.9%

NYSE TXT opened at $82.17 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. Textron Inc. has a one year low of $78.12 and a one year high of $101.57. The company has a 50-day simple moving average of $89.42 and a 200-day simple moving average of $91.39. The firm has a market capitalization of $14.13 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91.

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

Textron Announces Dividend

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 is Friday, September 11th. Textron’s dividend payout ratio is 1.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TXT shares. JPMorgan Chase & Co. boosted their price objective on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Wall Street Zen downgraded Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. TD Cowen reduced their price target 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 shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Finally, Morgan Stanley set a $98.00 target price on shares of Textron in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.44.

About Textron

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.