3,951 Shares in Textron Inc. $TXT Bought by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired 3,951 shares of Textron Inc. valued at approximately $288,000, highlighting increasing institutional interest in the aerospace company.
• Textron's recent earnings report showed EPS of $1.55, surpassing analyst expectations, alongside a forecast for FY 2025 EPS between 6.000 and 6.200.
• The company announced a quarterly dividend of $0.02, which will be paid on October 1st, reflecting its ongoing commitment to returning value to shareholders.

United Services Automobile Association acquired a new stake in shares of Textron Inc. (NYSE:TXT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,951 shares of the aerospace company's stock, valued at approximately $288,000.

Several other large investors have also bought and sold shares of the stock. Brooklyn Investment Group lifted its stake in Textron by 10.3% during the 1st quarter. Brooklyn Investment Group now owns 1,665 shares of the aerospace company's stock valued at $120,000 after acquiring an additional 156 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Textron by 7.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,869 shares of the aerospace company's stock valued at $207,000 after acquiring an additional 197 shares in the last quarter. Transce3nd LLC lifted its stake in Textron by 14.0% during the 1st 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. Parallel Advisors LLC lifted its stake in Textron by 22.9% during the 1st quarter. Parallel Advisors LLC now owns 1,115 shares of the aerospace company's stock valued at $81,000 after acquiring an additional 208 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its stake in Textron by 6.4% during the 1st quarter. Apollon Wealth Management LLC now owns 3,599 shares of the aerospace company's stock valued at $260,000 after acquiring an additional 215 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Textron news, EVP Julie G. Duffy sold 28,543 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $79.37, for a total value of $2,265,457.91. Following the completion of the transaction, the executive vice president owned 37,624 shares in the company, valued at $2,986,216.88. This trade represents a 43.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Textron Trading Down 1.2%

Shares of TXT opened at $81.29 on Friday. The business has a 50-day moving average of $80.93 and a 200 day moving average of $75.67. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $91.30. The firm has a market cap of $14.49 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. 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 - Get Free Report) last issued its earnings results on Thursday, July 24th. The aerospace company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. Textron had a return on equity of 14.26% and a net margin of 5.80%.The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the company earned $1.54 EPS. The firm's revenue was up 5.4% compared to the same quarter last year. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, research analysts forecast that Textron Inc. will post 6.12 EPS for the current year.

Textron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be paid a $0.02 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron's dividend payout ratio (DPR) is currently 1.81%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TXT. Jefferies Financial Group restated a "buy" rating and set a $95.00 price objective (up from $85.00) on shares of Textron in a research note on Thursday, June 12th. Morgan Stanley raised their target price on Textron from $71.00 to $86.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $85.00 target price (down from $95.00) on shares of Textron in a research report on Tuesday, July 1st. Susquehanna raised their target price on Textron from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Friday, July 25th. Finally, Wall Street Zen raised Textron from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 6th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $92.67.

About Textron

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.

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