UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 5,634 Shares of Textron Inc. $TXT

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Textron Inc. (NYSE:TXT) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 791,912 shares of the aerospace company’s stock after buying an additional 5,634 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.44% of Textron worth $57,216,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC raised its holdings in Textron by 6.3% during the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after buying an additional 1,265 shares in the last quarter. MBB Public Markets I LLC bought a new position in shares of Textron in the first quarter worth about $298,000. United Services Automobile Association bought a new position in shares of Textron in the first quarter worth about $288,000. Great Lakes Advisors LLC increased its stake in shares of Textron by 2.8% in the first quarter. Great Lakes Advisors LLC now owns 864,606 shares of the aerospace company’s stock worth $62,372,000 after purchasing an additional 23,677 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Textron by 10.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,243,429 shares of the aerospace company’s stock worth $89,838,000 after purchasing an additional 120,577 shares during the period. 86.03% of the stock is currently owned by institutional investors.

Textron Stock Down 1.2%

Shares of TXT opened at $81.29 on Monday. The company has a market capitalization of $14.49 billion, a P/E ratio of 18.39, a PEG ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.84. Textron Inc. has a one year low of $57.70 and a one year high of $91.30. The business’s 50 day simple moving average is $80.93 and its 200-day simple moving average is $75.71.

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

Textron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 12th. Textron’s payout ratio is presently 1.81%.

Insider Activity at Textron

In other news, EVP Julie G. Duffy sold 28,543 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was 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 of the company’s stock, valued at $2,986,216.88. The trade was a 43.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TXT. Jefferies Financial Group reiterated a “buy” rating and issued a $95.00 price objective (up from $85.00) on shares of Textron in a research note on Thursday, June 12th. UBS Group upgraded Textron from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $73.00 to $88.00 in a research note on Monday, July 28th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $85.00 price objective (down from $95.00) on shares of Textron in a research note on Tuesday, July 1st. Barclays lifted their price objective on Textron from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Susquehanna lifted their price objective on Textron from $90.00 to $95.00 and gave the stock a “positive” rating in a research note on Friday, July 25th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.67.

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.