Textron Inc. $TXT Stock Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its Textron position by 31.3% in the second quarter, adding 227,607 shares to own 954,138 shares valued at approximately $87.5 million. Institutional investors and hedge funds collectively hold 86.03% of TXT shares.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $102.44, although some firms recently lowered targets or maintained “Hold” ratings.
• Textron reported second-quarter EPS of $1.62, beating estimates of $1.55, while revenue rose 3% year over year to $3.83 billion. The stock opened at $79.61, near its 12-month low, and the company declared a quarterly dividend of $0.02 per share.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 31.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 954,138 shares of the aerospace company's stock after buying an additional 227,607 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.55% of Textron worth $87,523,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TXT. Wilkerson Advisory Group LLC acquired a new stake in Textron in the 4th quarter valued at about $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Textron in the 1st quarter valued at approximately $29,000. Elyxium Wealth LLC acquired a new position in Textron in the 4th quarter worth approximately $30,000. Strive Financial Group LLC purchased a new position in Textron during the 4th quarter worth approximately $31,000. Finally, Elevation Wealth Partners LLC grew its position in Textron by 522.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 361 shares of the aerospace company's stock worth $33,000 after purchasing an additional 303 shares in the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Textron Trading Down 1.2%

Textron stock opened at $79.61 on Wednesday. Textron Inc. has a 12 month low of $78.12 and a 12 month high of $101.57. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The stock has a market cap of $13.69 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.17 and a beta of 0.90. The company's fifty day simple moving average is $88.48 and its 200-day simple moving average is $90.85.

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

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th 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 11th. Textron's payout ratio is currently 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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