Fidelity National Financial Inc. Buys New Shares in Textron Inc. $TXT

Key Points

• Fidelity National Financial purchased 300,000 Textron shares worth approximately $27.5 million, making Textron its fourth-largest holding and representing about 0.17% of Textron’s outstanding stock.
• Textron exceeded quarterly expectations, reporting $1.62 in EPS on $3.83 billion in revenue, while raising or maintaining fiscal 2026 guidance at $6.40–$6.60 EPS.
• TXT shares opened at $87.24, below the analyst consensus price target of $102.44; the stock carries a “Moderate Buy” consensus rating, while its quarterly dividend remains $0.02 per share.

Fidelity National Financial Inc. purchased a new position in shares of Textron Inc. (NYSE:TXT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 300,000 shares of the aerospace company's stock, valued at approximately $27,519,000. Textron accounts for about 0.9% of Fidelity National Financial Inc.'s portfolio, making the stock its 4th biggest holding. Fidelity National Financial Inc. owned about 0.17% of Textron at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Tiemann Investment Advisors LLC purchased a new stake in Textron in the second quarter valued at approximately $183,000. Citizens Financial Group Inc. RI acquired a new position in Textron in the 2nd quarter worth approximately $1,315,000. BlackRock Inc. purchased a new position in Textron during the 2nd quarter worth approximately $1,434,125,000. Pallas Capital Advisors LLC acquired a new stake in Textron during the 2nd quarter valued at approximately $1,390,000. Finally, Deutsche Bank AG purchased a new stake in shares of Textron in the 2nd quarter valued at $67,819,000. Hedge funds and other institutional investors own 86.03% of the company's stock.

Textron Stock Down 0.5%

TXT stock opened at $87.24 on Wednesday. Textron Inc. has a one year low of $78.12 and a one year high of $101.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. The firm's fifty day moving average is $90.14 and its 200 day moving average is $91.50. The firm has a market cap of $15.00 billion, a PE ratio of 16.46, a P/E/G ratio of 1.29 and a beta of 0.91.

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, topping analysts' consensus estimates of $1.55 by $0.07. The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.Textron's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, research analysts forecast that Textron Inc. will post 6.5 EPS for the current year.

Textron Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on TXT shares. TD Cowen cut their price objective on shares of Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. JPMorgan Chase & Co. upped their price target on shares of Textron from $90.00 to $105.00 and gave the company a "neutral" rating in a report on Monday, May 4th. Wall Street Zen downgraded Textron from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Morgan Stanley set a $98.00 price objective on Textron in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Textron in a report on Sunday, May 3rd. One equities 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. Based on data from MarketBeat.com, the company presently has a consensus 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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