MBB Public Markets I LLC Acquires Shares of 4,123 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 acquired a new position in Textron Inc. (NYSE:TXT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,123 shares of the aerospace company's stock, valued at approximately $298,000.

Several other hedge funds have also added to or reduced their stakes in TXT. Banque Cantonale Vaudoise bought a new stake in Textron in the first quarter worth about $25,000. Harvest Fund Management Co. Ltd raised its position in Textron by 100.0% in the first quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company's stock worth $39,000 after acquiring an additional 262 shares during the period. Zions Bancorporation National Association UT bought a new stake in Textron in the first quarter worth about $41,000. Federated Hermes Inc. raised its position in Textron by 48.8% in the first quarter. Federated Hermes Inc. now owns 802 shares of the aerospace company's stock worth $58,000 after acquiring an additional 263 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in Textron by 123.3% in the first 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.

Textron Trading Down 1.2%

NYSE TXT traded down $0.96 during trading on Friday, hitting $81.29. The company had a trading volume of 984,901 shares, compared to its average volume of 1,130,967. The company has a current ratio of 1.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. Textron Inc. has a one year low of $57.70 and a one year high of $91.30. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The company's fifty day moving average is $80.93 and its 200-day moving average is $75.71.

Textron (NYSE:TXT - Get Free Report) last issued its quarterly earnings data 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 net margin of 5.80% and a return on equity of 14.26%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the business earned $1.54 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, sell-side analysts predict that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be issued 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 is 1.81%.

Wall Street Analyst Weigh In

TXT has been the topic of several research reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a $95.00 price objective (up previously from $85.00) on shares of Textron in a research report on Thursday, June 12th. Susquehanna boosted their price target on shares of Textron from $90.00 to $95.00 and gave the stock a "positive" rating in a research note on Friday, July 25th. Morgan Stanley upped 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. UBS Group upgraded shares of Textron from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $73.00 to $88.00 in a research report on Monday, July 28th. Finally, Barclays upped their price objective on shares of Textron from $95.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Textron presently has an average rating of "Moderate Buy" and an average price target of $92.67.

Insider Activity

In related news, EVP Julie G. Duffy sold 28,543 shares of the stock in a transaction dated Friday, July 25th. The shares were 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 directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by insiders.

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.