Yousif Capital Management LLC Sells 578 Shares of Textron Inc. $TXT

Yousif Capital Management LLC trimmed its position in Textron Inc. (NYSE:TXT) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,381 shares of the aerospace company’s stock after selling 578 shares during the quarter. Yousif Capital Management LLC’s holdings in Textron were worth $1,155,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Moody National Bank Trust Division raised its stake in shares of Textron by 1.2% in the second quarter. Moody National Bank Trust Division now owns 12,139 shares of the aerospace company’s stock valued at $975,000 after purchasing an additional 141 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Textron by 10.3% during the first quarter. Brooklyn Investment Group now owns 1,665 shares of the aerospace company’s stock worth $120,000 after purchasing an additional 156 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Textron by 2.3% during the second quarter. Fifth Third Bancorp now owns 7,063 shares of the aerospace company’s stock worth $567,000 after purchasing an additional 159 shares during the last quarter. 3Chopt Investment Partners LLC grew its holdings in shares of Textron by 3.3% during the second quarter. 3Chopt Investment Partners LLC now owns 5,333 shares of the aerospace company’s stock worth $428,000 after purchasing an additional 168 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Textron by 7.4% during the first quarter. Exchange Traded Concepts LLC now owns 2,869 shares of the aerospace company’s stock worth $207,000 after purchasing an additional 197 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Stock Up 0.7%

Shares of Textron stock opened at $83.02 on Wednesday. The business’s 50 day simple moving average is $82.28 and its 200 day simple moving average is $77.72. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $89.28. The firm has a market cap of $14.79 billion, a PE ratio of 18.78, a P/E/G ratio of 1.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.84.

Textron (NYSE:TXT) last announced 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. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.64 billion. Textron had a return on equity of 14.26% and a net margin of 5.80%.Textron’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, analysts predict that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

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

Insider Activity at Textron

In other news, EVP Julie G. Duffy sold 28,543 shares of Textron stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $79.37, for a total transaction of $2,265,457.91. Following the completion of the transaction, the executive vice president directly owned 37,624 shares in the company, valued at approximately $2,986,216.88. The trade was a 43.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $85.00 price target (down previously from $95.00) on shares of Textron in a report on Tuesday, July 1st. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a report on Sunday. Morgan Stanley raised their target price on Textron from $71.00 to $86.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. UBS Group upgraded Textron from a “sell” rating to a “neutral” rating and raised their target price for the stock from $73.00 to $88.00 in a report on Monday, July 28th. Finally, Susquehanna raised their target price on Textron from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Textron currently has an average rating of “Hold” and a consensus price target of $92.45.

Textron Profile

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.