67,754 Shares in Textron Inc. $TXT Purchased by Cibc World Market Inc.

Cibc World Market Inc. acquired a new stake in Textron Inc. (NYSE:TXT) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 67,754 shares of the aerospace company’s stock, valued at approximately $6,215,000.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Textron during the 2nd quarter valued at approximately $1,434,125,000. State Street Corp lifted its position in shares of Textron by 2.6% during the fourth quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock worth $825,193,000 after acquiring an additional 244,017 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Textron by 1.7% in the third quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after acquiring an additional 140,713 shares during the period. Boston Partners boosted its stake in Textron by 0.9% in the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock worth $613,327,000 after purchasing an additional 66,747 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Textron by 51.1% during the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock valued at $466,986,000 after buying an additional 1,811,787 shares in the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Price Performance

TXT opened at $81.89 on Wednesday. The stock’s 50 day simple moving average is $89.19 and its 200 day simple moving average is $91.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. Textron Inc. has a 1 year low of $78.12 and a 1 year high of $101.57. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.19 and a beta of 0.91.

Textron (NYSE:TXT) last announced its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts predict that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, September 11th. Textron’s payout ratio is currently 1.51%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Cowen reduced their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. JPMorgan Chase & Co. boosted their price objective on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Wall Street Zen lowered Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company 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.