Groupama Asset Managment Has $559,000 Stock Holdings in Textron Inc. $TXT

Key Points

• Groupama Asset Management reduced its holdings in Textron Inc. by 33.2% in Q1, leaving it with 7,661 shares valued at approximately $559,000.
• Textron has declared a quarterly dividend of $0.02 per share, to be paid on October 1, with a current yield of 0.1%.
• Analysts have varying ratings for Textron, with an average target price of $92.67, reflecting moderate buy sentiment among twelve analysts.

Groupama Asset Managment cut its holdings in Textron Inc. (NYSE:TXT - Free Report) by 33.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,661 shares of the aerospace company's stock after selling 3,808 shares during the quarter. Groupama Asset Managment's holdings in Textron were worth $559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in shares of Textron in the first quarter valued at $25,000. Harvest Fund Management Co. Ltd increased its stake in shares of 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 buying an additional 262 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Textron in the first quarter valued at $41,000. Optiver Holding B.V. acquired a new stake in shares of Textron in the fourth quarter valued at $56,000. Finally, Federated Hermes Inc. increased its stake in shares of Textron by 48.8% in the first quarter. Federated Hermes Inc. now owns 802 shares of the aerospace company's stock valued at $58,000 after buying an additional 263 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Textron

In other news, EVP Julie G. Duffy sold 28,543 shares of Textron stock in a transaction dated Friday, July 25th. The stock was 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. The trade was a 43.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by company insiders.

Textron Price Performance

Textron stock opened at $79.3760 on Thursday. The firm has a market capitalization of $14.15 billion, a P/E ratio of 17.96, a PEG ratio of 1.30 and a beta of 1.16. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $91.48. The business has a 50-day moving average of $80.31 and a 200-day moving average of $74.80. 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 earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.64 billion. Textron had a return on equity of 14.26% and a net margin of 5.80%.The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.54 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts anticipate that Textron Inc. will post 6.12 EPS for the current year.

Textron Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Textron from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Morgan Stanley lifted their price objective on Textron from $71.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Barclays lifted their price objective on Textron from $95.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. UBS Group upgraded Textron from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $73.00 to $88.00 in a research report on Monday, July 28th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $95.00 price objective (up from $85.00) on shares of Textron in a research report on Thursday, June 12th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Textron has an average rating of "Moderate Buy" and an average target price of $92.67.

Textron Profile

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.

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