13,020 Shares in Textron Inc. $TXT Bought by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 13,020 Textron shares worth approximately $1.19 million during the second quarter. Institutional investors collectively own 86.03% of the company.
• Analysts maintain a generally positive but cautious view, with Textron receiving a consensus “Moderate Buy” rating and an average price target of $102.44; recent actions included price-target cuts and a downgrade to “Hold.”
• Textron beat quarterly expectations with earnings of $1.62 per share and revenue of $3.83 billion, while reporting 3% year-over-year revenue growth. The company also declared a quarterly dividend of $0.02 per share.

Jupiter Topco LLC purchased a new position in Textron Inc. (NYSE:TXT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,020 shares of the aerospace company's stock, valued at approximately $1,194,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilkerson Advisory Group LLC bought a new stake in Textron during the 4th quarter valued at approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Textron during the first quarter valued at approximately $29,000. Elyxium Wealth LLC purchased a new position in shares of Textron in the fourth quarter worth $30,000. Strive Financial Group LLC bought a new position in shares of Textron during the fourth quarter worth $31,000. Finally, Elevation Wealth Partners LLC grew its stake in Textron by 522.4% during the second quarter. Elevation Wealth Partners LLC now owns 361 shares of the aerospace company's stock valued at $33,000 after acquiring an additional 303 shares in the last quarter. 86.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TXT. TD Cowen decreased their price target on shares of Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. UBS Group reaffirmed a "neutral" rating and issued a $95.00 price objective on shares of Textron in a research note on Wednesday, July 29th. Morgan Stanley set a $98.00 price objective on Textron in a report on Wednesday, July 29th. Wall Street Zen downgraded Textron from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Weiss Ratings raised shares of Textron from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $102.44.

Textron Trading Down 0.6%

Shares of TXT stock opened at $78.92 on Friday. The company has a market cap of $13.57 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Textron Inc. has a 1 year low of $78.12 and a 1 year high of $101.57. The stock's 50 day simple moving average is $87.89 and its two-hundred day simple moving average is $90.50. 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 (NYSE:TXT - Get Free Report) last released its earnings results 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. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts predict that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be given 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 is Friday, September 11th. Textron's payout ratio is 1.51%.

Textron 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.

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