Aware Super Pty Ltd as trustee of Aware Super Has $3.53 Million Stock Holdings in Textron Inc. $TXT

Key Points

• Aware Super Pty Ltd significantly reduced its stake in Textron Inc. by 63.5% during the second quarter, leaving it with a total value of approximately $3.53 million in stock holdings.
• Textron's stock reported a quarterly earnings per share of $1.55, exceeding estimates, with revenue of $3.72 billion, reflecting a growth of 5.4% year-over-year.
• The company's recent dividend of $0.02 per share represents an annualized yield of 0.1%, and several analysts have set a target price range for the stock between $85.00 and $105.00.

Aware Super Pty Ltd as trustee of Aware Super trimmed its stake in Textron Inc. (NYSE:TXT - Free Report) by 63.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,954 shares of the aerospace company's stock after selling 76,476 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in Textron were worth $3,529,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new position in shares of Textron in the first quarter valued at $25,000. Harvest Fund Management Co. Ltd lifted its stake in Textron by 100.0% in the first quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 262 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in Textron in the first quarter valued at $41,000. Federated Hermes Inc. grew its position in shares of Textron by 48.8% in 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 during the period. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of Textron during the 2nd quarter worth about $60,000. Institutional investors own 86.03% of the company's stock.

Textron Stock Performance

NYSE:TXT opened at $82.65 on Thursday. The stock has a 50 day simple moving average of $81.92 and a 200 day simple moving average of $77.30. The stock has a market cap of $14.73 billion, a P/E ratio of 18.70, a PEG ratio of 1.36 and a beta of 1.13. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $91.30. 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 (NYSE:TXT - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The aerospace company reported $1.55 earnings per share 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 firm had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter last year, the business earned $1.54 EPS. The company's quarterly 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. Research analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were paid a $0.02 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron's payout ratio is 1.81%.

Analyst Upgrades and Downgrades

TXT has been the subject of several recent analyst reports. Barclays raised their target price 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. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $85.00 price objective (down from $95.00) on shares of Textron in a research report on Tuesday, July 1st. UBS Group raised Textron from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $73.00 to $88.00 in a report on Monday, July 28th. Wall Street Zen upgraded Textron from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 11th. Finally, Susquehanna lifted their price objective on shares of Textron from $90.00 to $95.00 and gave the stock a "positive" rating in a research report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $92.45.

Insider Transactions at Textron

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.