Man Group plc Acquires New Holdings in Textron Inc. $TXT

Man Group plc bought a new stake in Textron Inc. (NYSE:TXT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 358,314 shares of the aerospace company's stock, valued at approximately $32,868,000. Man Group plc owned approximately 0.21% of Textron at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Textron by 22.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company's stock valued at $103,890,000 after purchasing an additional 218,201 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Textron by 10.7% in the fourth quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company's stock worth $13,641,000 after purchasing an additional 15,159 shares in the last quarter. National Pension Service lifted its stake in Textron by 17.5% in the fourth quarter. National Pension Service now owns 98,656 shares of the aerospace company's stock valued at $8,600,000 after buying an additional 14,701 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Textron in the fourth quarter valued at approximately $9,544,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Textron during the 4th quarter worth approximately $18,521,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TXT. UBS Group reissued a "neutral" rating and set a $95.00 target price on shares of Textron in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of Textron from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Morgan Stanley set a $98.00 price objective on shares of Textron in a research report on Wednesday, July 29th. Weiss Ratings upgraded Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, July 13th. Finally, TD Cowen decreased their target price on Textron from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.44.

Textron Stock Up 1.8%

Shares of NYSE TXT opened at $83.26 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. The company has a 50-day moving average price of $89.00 and a 200-day moving average price of $91.26. The stock has a market capitalization of $14.32 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.19 and a beta of 0.91. Textron Inc. has a 1 year low of $78.12 and a 1 year high of $101.57.

Textron (NYSE:TXT - Get Free Report) last posted its 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. Textron had a net margin of 6.12% and a return on equity of 14.30%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The firm's revenue was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts forecast that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Dividend Announcement

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

Textron 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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