Aware Super Pty Ltd as trustee of Aware Super Makes New $744,000 Investment in Textron Inc. $TXT

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Textron Inc. (NYSE:TXT) during the first quarter, according to its most recent filing with the SEC. The firm acquired 8,502 shares of the aerospace company’s stock, valued at approximately $744,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Activest Wealth Management boosted its holdings in Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC acquired a new stake in shares of Textron during the 4th quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Textron during the first quarter worth approximately $29,000. Elyxium Wealth LLC bought a new stake in shares of Textron during the fourth quarter worth approximately $30,000. Finally, Strive Financial Group LLC acquired a new position in Textron in the fourth quarter valued at approximately $31,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Stock Up 0.9%

Shares of NYSE TXT opened at $91.41 on Friday. Textron Inc. has a 52-week low of $75.80 and a 52-week high of $101.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. The stock has a market cap of $15.90 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.37 and a beta of 0.90. The firm has a 50 day moving average price of $90.93 and a 200 day moving average price of $91.88.

Textron (NYSE:TXT) last posted its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.15. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts expect that Textron Inc. will post 6.6 EPS for the current year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, June 12th. Textron’s dividend payout ratio (DPR) is presently 1.53%.

Analyst Ratings Changes

A number of brokerages have issued reports on TXT. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. TD Cowen dropped their target price on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Citigroup raised their price target on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Finally, UBS Group lifted their price objective on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.10.

Insider Buying and Selling at Textron

In other Textron news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the transaction, the director directly owned 8,611 shares in the company, valued at approximately $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas A. Kennedy purchased 10,300 shares of the stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the acquisition, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

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.