Nykredit A S Makes New $2.95 Million Investment in Textron Inc. $TXT

Key Points

• Nykredit A/S acquired 32,139 Textron shares during the second quarter, valued at approximately $2.95 million. Institutional investors collectively own 86.03% of Textron.
• Analyst sentiment remains generally positive, with Textron carrying a “Moderate Buy” consensus rating and an average price target of $102.44, although some firms recently reduced targets or maintained “Hold” ratings.
• Textron’s latest quarterly results exceeded expectations, with adjusted earnings of $1.62 per share and revenue of $3.83 billion; revenue rose 3% year over year. The company also declared a quarterly dividend of $0.02 per share.

Nykredit A S purchased a new position in Textron Inc. (NYSE:TXT - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 32,139 shares of the aerospace company's stock, valued at approximately $2,948,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilkerson Advisory Group LLC purchased a new stake in shares of Textron in the fourth quarter worth $26,000. Cedar Mountain Advisors LLC purchased a new stake in Textron during the 1st quarter valued at about $29,000. Elyxium Wealth LLC purchased a new stake in Textron during the 4th quarter valued at about $30,000. Strive Financial Group LLC bought a new stake in Textron during the 4th quarter valued at about $31,000. Finally, Elevation Wealth Partners LLC increased its stake in Textron by 522.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 361 shares of the aerospace company's stock valued at $33,000 after purchasing an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company's stock.

Analyst Ratings Changes

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

Textron Trading Down 0.2%

Shares of TXT stock opened at $78.92 on Monday. Textron Inc. has a 12-month low of $78.12 and a 12-month high of $101.57. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The firm's 50 day moving average is $87.89 and its 200 day moving average is $90.45. The stock has a market capitalization of $13.57 billion, a P/E ratio of 14.89, a P/E/G ratio of 1.15 and a beta of 0.90.

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

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, September 11th. Textron's dividend payout ratio is 1.51%.

Textron Company 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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