Textron Inc. $TXT Holdings Raised by U S Global Investors Inc.

U S Global Investors Inc. boosted its stake in Textron Inc. (NYSE:TXT) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 212,794 shares of the aerospace company’s stock after buying an additional 8,513 shares during the quarter. Textron makes up about 2.0% of U S Global Investors Inc.’s holdings, making the stock its 14th biggest position. U S Global Investors Inc. owned approximately 0.12% of Textron worth $17,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in Textron in the 1st quarter worth approximately $25,000. Harvest Fund Management Co. Ltd lifted its position in Textron by 100.0% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company’s stock worth $39,000 after buying an additional 262 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Textron in the 1st quarter worth approximately $41,000. Federated Hermes Inc. raised its holdings in shares of Textron by 48.8% during the 1st quarter. Federated Hermes Inc. now owns 802 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 263 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in shares of Textron by 54.5% during the 2nd quarter. ST Germain D J Co. Inc. now owns 850 shares of the aerospace company’s stock valued at $68,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

TXT has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a report on Saturday. Susquehanna raised their price target on shares of Textron from $90.00 to $95.00 and gave the company a “positive” rating in a report on Friday, July 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Textron in a report on Wednesday. UBS Group upgraded shares of Textron from a “sell” rating to a “neutral” rating and raised their price target for the company from $73.00 to $88.00 in a report on Monday, July 28th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $85.00 price target (down previously from $95.00) on shares of Textron in a report on Tuesday, July 1st. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $92.45.

Textron Stock Performance

NYSE:TXT opened at $81.58 on Friday. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $91.30. The firm’s fifty day simple moving average is $81.62 and its 200 day simple moving average is $77.12. The company has a current ratio of 1.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $14.54 billion, a PE ratio of 18.46, a PEG ratio of 1.38 and a beta of 1.13.

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

Textron Announces Dividend

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

Insider Transactions at Textron

In related news, EVP Julie G. Duffy sold 28,543 shares of the firm’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 transaction, the executive vice president directly owned 37,624 shares in the company, valued at approximately $2,986,216.88. This trade represents a 43.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.70% of the company’s stock.

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.