Foster & Motley Inc. Purchases Shares of 16,104 Textron Inc. $TXT

Foster & Motley Inc. purchased a new position in Textron Inc. (NYSE:TXT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,104 shares of the aerospace company’s stock, valued at approximately $1,477,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXT. Fidelity National Financial Inc. acquired a new stake in shares of Textron during the 2nd quarter worth about $27,519,000. Tiemann Investment Advisors LLC acquired a new position in Textron in the second quarter valued at about $183,000. Citizens Financial Group Inc. RI bought a new stake in Textron during the second quarter worth about $1,315,000. BlackRock Inc. bought a new stake in Textron during the second quarter worth about $1,434,125,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Textron during the second quarter worth approximately $1,390,000. Institutional investors own 86.03% of the company’s stock.

Textron Price Performance

Shares of TXT stock opened at $86.26 on Thursday. The firm has a market cap of $14.84 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.27 and a beta of 0.91. Textron Inc. has a 12 month low of $78.12 and a 12 month high of $101.57. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $90.04 and a 200 day moving average price of $91.49.

Textron (NYSE:TXT) last posted its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts expect that Textron Inc. will post 6.5 EPS 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. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio is currently 1.51%.

Analysts Set New Price Targets

TXT has been the subject of a number of research reports. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. UBS Group reissued a “neutral” rating and set a $95.00 price objective on shares of Textron in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, TD Cowen reduced their target price on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.44.

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.