Allianz Asset Management GmbH Purchases Shares of 3,478 Textron Inc. $TXT

Allianz Asset Management GmbH purchased a new stake in Textron Inc. (NYSE:TXT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,478 shares of the aerospace company’s stock, valued at approximately $279,000.

Several other large investors also recently made changes to their positions in the company. Moody National Bank Trust Division increased 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 during the period. Brooklyn Investment Group increased its stake in shares of Textron by 10.3% in the first quarter. Brooklyn Investment Group now owns 1,665 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 156 shares during the period. Fifth Third Bancorp increased its stake in shares of Textron by 2.3% in the second quarter. Fifth Third Bancorp now owns 7,063 shares of the aerospace company’s stock valued at $567,000 after purchasing an additional 159 shares during the period. 3Chopt Investment Partners LLC increased its stake in shares of Textron by 3.3% in the second quarter. 3Chopt Investment Partners LLC now owns 5,333 shares of the aerospace company’s stock valued at $428,000 after purchasing an additional 168 shares during the period. Finally, Transce3nd LLC boosted its holdings in shares of Textron by 14.0% in the first quarter. Transce3nd LLC now owns 1,617 shares of the aerospace company’s stock valued at $116,000 after acquiring an additional 199 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Trading Down 0.6%

Shares of NYSE:TXT opened at $79.98 on Wednesday. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.30 and a beta of 1.13. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $89.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 1.84. The company has a 50 day moving average price of $82.36 and a 200 day moving average price of $78.43.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, October 23rd. The aerospace company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. Textron had a net margin of 5.81% and a return on equity of 14.16%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the business posted $1.40 EPS. The company’s revenue was up 5.1% on a year-over-year basis. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, research analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 1.76%.

Analyst Upgrades and Downgrades

TXT has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Monday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $90.00 price objective on shares of Textron in a report on Monday. UBS Group decreased their price objective on shares of Textron from $92.00 to $89.00 and set a “neutral” rating for the company in a report on Friday. Finally, 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 report on Tuesday, July 1st. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.15.

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.