Citizens Financial Group Inc. RI Acquires Shares of 14,332 Textron Inc. $TXT

Key Points

• Citizens Financial Group acquired 14,332 shares of Textron valued at approximately $1.315 million during the second quarter. Institutional investors own 86.03% of Textron’s outstanding shares.
• Textron exceeded quarterly earnings expectations, reporting $1.62 EPS versus the $1.55 consensus estimate and $3.83 billion in revenue, up 3% year over year. The company provided fiscal 2026 EPS guidance of $6.40–$6.60.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $102.44, compared with the stock’s reported price of $87.24. Textron also declared a quarterly dividend of $0.02 per share.

Citizens Financial Group Inc. RI purchased a new position in Textron Inc. (NYSE:TXT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,332 shares of the aerospace company's stock, valued at approximately $1,315,000.

Other large investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Textron by 13.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company's stock valued at $1,049,000 after purchasing an additional 1,709 shares in the last quarter. Empowered Funds LLC boosted its position in Textron by 6.3% during the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company's stock valued at $1,546,000 after acquiring an additional 1,265 shares in the last quarter. Focus Partners Wealth lifted its position in Textron by 18.0% during the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company's stock valued at $348,000 after acquiring an additional 735 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Textron in the second quarter worth about $453,000. Finally, Baird Financial Group Inc. boosted its holdings in Textron by 15.3% in the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company's stock worth $1,539,000 after acquiring an additional 2,548 shares in the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Price Performance

NYSE:TXT opened at $87.24 on Wednesday. The stock has a 50 day moving average of $90.14 and a two-hundred day moving average of $91.50. Textron Inc. has a 12 month low of $78.12 and a 12 month high of $101.57. The firm has a market cap of $15.00 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 1.29 and a beta of 0.91. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.07. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, analysts expect that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, September 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron's dividend payout ratio (DPR) is currently 1.51%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wall Street Zen cut Textron from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. increased their price objective on Textron from $90.00 to $105.00 and gave the company a "neutral" rating in a report on Monday, May 4th. Jefferies Financial Group restated a "buy" rating on shares of Textron in a research note on Sunday, May 3rd. UBS Group reiterated a "neutral" rating and issued a $95.00 target price on shares of Textron in a research report on Wednesday, July 29th. Finally, TD Cowen cut their price target on shares of Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, July 13th. One 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $102.44.

Textron Company Profile

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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