Callan Family Office LLC bought a new position in shares of Textron Inc. (NYSE:TXT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,756 shares of the aerospace company's stock, valued at approximately $1,445,000.
Other hedge funds have also bought and sold shares of the company. OneAscent Financial Services LLC purchased a new position in shares of Textron in the second quarter worth $239,000. Allworth Financial LP purchased a new stake in shares of Textron during the second quarter valued at $687,000. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Textron in the 2nd quarter valued at $5,315,000. Massachusetts Institute of Technology acquired a new position in shares of Textron in the 2nd quarter valued at $1,468,000. Finally, Vise Technologies Inc. purchased a new position in Textron in the 2nd quarter worth $905,000. Institutional investors and hedge funds own 86.03% of the company's stock.
Analyst Ratings Changes
Several analysts have weighed in on TXT shares. Wall Street Zen downgraded Textron from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings upgraded Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, July 13th. TD Cowen decreased their target price on Textron from $115.00 to $105.00 and set a "hold" rating for the company in a report on Monday, July 13th. Morgan Stanley set a $98.00 target price on Textron in a research report on Wednesday, July 29th. Finally, UBS Group reiterated a "neutral" rating and issued a $95.00 price target on shares of Textron in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $102.44.
View Our Latest Research Report on TXT
Textron Price Performance
NYSE:TXT opened at $82.97 on Monday. Textron Inc. has a one year low of $78.12 and a one year high of $101.57. The stock has a market cap of $14.27 billion, a PE ratio of 15.65, a P/E/G ratio of 1.20 and a beta of 0.91. The stock has a 50 day moving average price of $89.66 and a 200 day moving average price of $91.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86.
Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.07. The firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts expect that Textron Inc. will post 6.5 EPS for the current fiscal year.
Textron Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th. Textron's dividend payout ratio is 1.51%.
Textron Company Profile
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Free Report)
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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