MBB Public Markets I LLC Makes New Investment in Textron Inc. $TXT

Key Points

• MBB Public Markets I LLC acquired a new position in Textron Inc. by buying 4,123 shares valued at approximately $298,000 in the first quarter.
• Several institutional investors increased their stakes in Textron, with 86.03% of the stock currently owned by these investors.
• Textron reported a quarterly earnings of $1.55 EPS, exceeding analyst expectations, and set FY 2025 guidance at 6.000-6.200 EPS.

MBB Public Markets I LLC bought a new stake in Textron Inc. (NYSE:TXT - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,123 shares of the aerospace company's stock, valued at approximately $298,000.

Several other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in Textron during the 1st quarter valued at about $25,000. Harvest Fund Management Co. Ltd grew its holdings in Textron by 100.0% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company's stock worth $39,000 after buying an additional 262 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Textron in the 1st quarter valued at approximately $41,000. Federated Hermes Inc. raised its stake in Textron by 48.8% during the 1st quarter. Federated Hermes Inc. now owns 802 shares of the aerospace company's stock valued at $58,000 after acquiring an additional 263 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Textron by 123.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 842 shares of the aerospace company's stock worth $61,000 after acquiring an additional 465 shares during the period. Institutional investors own 86.03% of the company's stock.

Insider Buying and Selling at Textron

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

Textron Trading Up 0.1%

NYSE TXT traded up $0.08 on Wednesday, hitting $83.51. 209,040 shares of the company were exchanged, compared to its average volume of 1,495,606. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.84. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $91.30. The firm has a market capitalization of $14.88 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. The company's 50 day moving average price is $80.98 and its 200-day moving average price is $75.81.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.64 billion. Textron had a net margin of 5.80% and a return on equity of 14.26%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts predict that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.1%. Textron's payout ratio is 1.81%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TXT. Morgan Stanley lifted their price objective on shares of Textron from $71.00 to $86.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Wall Street Zen upgraded shares of Textron from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 6th. Barclays increased their price objective on shares of Textron from $95.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. The Goldman Sachs Group restated a "neutral" rating and issued a $85.00 target price (down from $95.00) on shares of Textron in a research report on Tuesday, July 1st. Finally, UBS Group upgraded Textron from a "sell" rating to a "neutral" rating and lifted their price target for the company from $73.00 to $88.00 in a research report on Monday, July 28th. Six analysts have rated the stock with a Buy rating and six have given 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 target price 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.