Kwmg LLC Buys 3,035 Shares of Textron Inc. $TXT

Key Points

• Kwmg LLC has increased its stake in Textron Inc. by 3.6%, owning a total of 87,082 shares valued at approximately $6.99 million as of the latest reporting period.
• Textron reported a quarterly earnings result of $1.55 per share, exceeding analysts' estimates of $1.45, while also experiencing a year-over-year revenue growth of 5.4%.
• The company has declared a quarterly dividend of **$0.02** per share, with a dividend yield of **0.1%**, to be paid on October 1st to stockholders of record as of September 12th.

Kwmg LLC lifted its stake in Textron Inc. (NYSE:TXT - Free Report) by 3.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 87,082 shares of the aerospace company's stock after buying an additional 3,035 shares during the quarter. Kwmg LLC's holdings in Textron were worth $6,992,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Moody National Bank Trust Division lifted its stake in Textron by 1.2% in the 2nd quarter. Moody National Bank Trust Division now owns 12,139 shares of the aerospace company's stock worth $975,000 after purchasing an additional 141 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Textron by 10.3% in the first quarter. Brooklyn Investment Group now owns 1,665 shares of the aerospace company's stock worth $120,000 after purchasing an additional 156 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Textron by 7.4% in the first quarter. Exchange Traded Concepts LLC now owns 2,869 shares of the aerospace company's stock worth $207,000 after buying an additional 197 shares in the last quarter. Transce3nd LLC lifted its position in shares of Textron by 14.0% in the first quarter. Transce3nd LLC now owns 1,617 shares of the aerospace company's stock worth $116,000 after buying an additional 199 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Textron by 22.9% during the first quarter. Parallel Advisors LLC now owns 1,115 shares of the aerospace company's stock valued at $81,000 after buying an additional 208 shares during the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Stock Performance

Shares of NYSE:TXT opened at $83.52 on Tuesday. The firm's 50 day simple moving average is $80.89 and its 200-day simple moving average is $76.12. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.84. Textron Inc. has a one year low of $57.70 and a one year high of $91.30. The firm has a market cap of $14.88 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

Textron (NYSE:TXT - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The firm 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%.Textron's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities analysts predict that Textron Inc. will post 6.12 EPS for the current year.

Textron Announces Dividend

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

Insider Activity at Textron

In other Textron news, EVP Julie G. Duffy sold 28,543 shares of the stock in a transaction dated 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 directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen downgraded Textron from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Susquehanna boosted their price target 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. Barclays upped their price target 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 reiterated a "neutral" rating and set a $85.00 price objective (down previously from $95.00) on shares of Textron in a research report on Tuesday, July 1st. Finally, Jefferies Financial Group restated a "buy" rating and issued a $95.00 target price (up from $85.00) on shares of Textron in a report on Thursday, June 12th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $92.67.

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.

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