Contravisory Investment Management Inc. Takes Position in Textron Inc. $TXT

Key Points

• Contravisory Investment Management acquired 12,511 Textron shares in the second quarter, valued at approximately $1.15 million. Institutional investors and hedge funds collectively own 86.03% of TXT.
• Textron reported quarterly EPS of $1.62, beating estimates of $1.55, while revenue rose 3% year over year to $3.83 billion. The company set fiscal 2026 EPS guidance at $6.40–$6.60.
• TXT recently traded at $89.36, below its average analyst price target of $102.44; analysts’ consensus rating is “Moderate Buy.” Textron also announced a quarterly dividend of $0.02 per share, implying a 0.1% annualized yield.

Contravisory Investment Management Inc. acquired a new position in shares of Textron Inc. (NYSE:TXT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,511 shares of the aerospace company's stock, valued at approximately $1,148,000.

Several other institutional investors have also made changes to their positions in TXT. State Street Corp raised its position in Textron by 2.6% in the fourth quarter. State Street Corp now owns 9,464,324 shares of the aerospace company's stock worth $825,193,000 after purchasing an additional 244,017 shares in the last quarter. Invesco Ltd. boosted its holdings in Textron by 1.7% during the third quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company's stock valued at $698,808,000 after purchasing an additional 140,713 shares in the last quarter. Boston Partners grew its stake in shares of Textron by 0.9% in the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company's stock valued at $613,327,000 after purchasing an additional 66,747 shares during the period. AQR Capital Management LLC grew its stake in shares of Textron by 51.1% in the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company's stock valued at $466,986,000 after purchasing an additional 1,811,787 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Textron by 18.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company's stock worth $222,455,000 after buying an additional 405,314 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Stock Down 0.1%

Shares of TXT opened at $89.36 on Monday. The company has a market capitalization of $15.37 billion, a P/E ratio of 16.86, a PEG ratio of 1.30 and a beta of 0.91. Textron Inc. has a one year low of $76.93 and a one year high of $101.57. The business's 50 day simple moving average is $90.57 and its 200-day simple moving average is $91.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85.

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

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a $0.02 dividend. 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 1.51%.

Analyst Upgrades and Downgrades

TXT has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Textron from $90.00 to $105.00 and gave the company a "neutral" rating in a research note on Monday, May 4th. Wall Street Zen lowered Textron from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. TD Cowen cut their price objective on Textron from $115.00 to $105.00 and set a "hold" rating for the company in a report on Monday, July 13th. Jefferies Financial Group restated a "buy" rating on shares of Textron in a research note on Sunday, May 3rd. Finally, Weiss Ratings raised shares of Textron from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $102.44.

About Textron

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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