UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 5,634 Shares of Textron Inc. $TXT

Key Points

• UBS Asset Management has increased its stake in Textron Inc. by 0.7%, acquiring an additional 5,634 shares in the first quarter, bringing its total ownership to 791,912 shares valued at approximately $57.2 million.
• Textron's stock has a market capitalization of $14.49 billion and recently reported earnings exceeding analysts' expectations, with an EPS of $1.55 for the quarter.
• The company announced a quarterly dividend of $0.02 per share, with an ex-dividend date on September 12th and a dividend yield of 0.1%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 791,912 shares of the aerospace company's stock after purchasing an additional 5,634 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.44% of Textron worth $57,216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in Textron by 6.3% during the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company's stock worth $1,546,000 after purchasing an additional 1,265 shares in the last quarter. MBB Public Markets I LLC bought a new stake in shares of Textron in the 1st quarter worth approximately $298,000. United Services Automobile Association bought a new stake in shares of Textron in the 1st quarter worth approximately $288,000. Great Lakes Advisors LLC raised its holdings in shares of Textron by 2.8% in the 1st quarter. Great Lakes Advisors LLC now owns 864,606 shares of the aerospace company's stock worth $62,372,000 after purchasing an additional 23,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Textron by 10.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,243,429 shares of the aerospace company's stock worth $89,838,000 after purchasing an additional 120,577 shares in the last quarter. Institutional investors own 86.03% of the company's stock.

Textron Stock Up 1.5%

TXT stock traded up $1.20 during trading hours on Tuesday, hitting $83.43. The company's stock had a trading volume of 1,891,267 shares, compared to its average volume of 1,142,742. The company has a quick ratio of 0.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $14.87 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $91.30. The stock has a 50 day moving average price of $80.98 and a two-hundred day moving average price of $75.81.

Textron (NYSE:TXT - Get Free Report) last posted its earnings results on Thursday, July 24th. The aerospace company reported $1.55 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 the consensus estimate of $3.64 billion. Textron had a net margin of 5.80% and a return on equity of 14.26%. 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 firm posted $1.54 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts expect that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TXT. Jefferies Financial Group reiterated 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. The Goldman Sachs Group restated a "neutral" rating and set a $85.00 price target (down previously from $95.00) on shares of Textron in a report on Tuesday, July 1st. Morgan Stanley boosted their price target on shares of Textron from $71.00 to $86.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Susquehanna boosted their price target on shares of Textron from $90.00 to $95.00 and gave the company a "positive" rating in a report on Friday, July 25th. Finally, UBS Group upgraded shares of Textron from a "sell" rating to a "neutral" rating and boosted their price target for the company from $73.00 to $88.00 in a report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.67.

Insider Buying and Selling

In other Textron news, EVP Julie G. Duffy sold 28,543 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $79.37, for a total value of $2,265,457.91. Following the completion of the sale, the executive vice president directly owned 37,624 shares of the company's stock, valued at $2,986,216.88. The trade was a 43.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by corporate insiders.

Textron Company 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.