United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys Shares of 109,490 Textron Inc. $TXT

Key Points

• United Super Pty Ltd disclosed a new fourth-quarter stake in Textron, buying 109,490 shares worth about $9.54 million and ending with roughly 0.06% ownership.
• Textron reported better-than-expected quarterly results, with EPS of $1.45 versus $1.30 expected and revenue of $3.70 billion, up 11.8% year over year.
• The company also announced a quarterly dividend of $0.02 per share, while analysts currently have a consensus rating of Hold with an average price target of $101.18.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Textron Inc. (NYSE:TXT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 109,490 shares of the aerospace company's stock, valued at approximately $9,544,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.06% of Textron at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management lifted its position in Textron by 3,255.6% during the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of Textron in the 4th quarter worth approximately $30,000. Accredited Wealth Management LLC lifted its holdings in shares of Textron by 804.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company's stock worth $38,000 after acquiring an additional 402 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Textron by 52.2% in the 3rd quarter. Assetmark Inc. now owns 493 shares of the aerospace company's stock worth $42,000 after acquiring an additional 169 shares during the last quarter. Finally, Optiver Holding B.V. bought a new stake in shares of Textron in the 3rd quarter worth approximately $45,000. 86.03% of the stock is currently owned by institutional investors.

Textron Trading Down 0.5%

NYSE:TXT opened at $91.82 on Friday. The company has a fifty day moving average of $90.26 and a 200 day moving average of $90.31. Textron Inc. has a 52 week low of $72.76 and a 52 week high of $101.57. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $15.97 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.38 and a beta of 0.93.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the prior year, the business posted $1.28 EPS. The firm's revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, research analysts predict that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued 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, June 12th. Textron's dividend payout ratio is currently 1.53%.

Insiders Place Their Bets

In related news, Director R Kerry Clark sold 2,517 shares of the company's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the sale, the director directly owned 8,611 shares in the company, valued at $801,597.99. This represents a 22.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas A. Kennedy purchased 10,300 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the acquisition, the director directly owned 20,162 shares in the company, valued at $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TXT shares. Weiss Ratings lowered shares of Textron from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, May 20th. Sanford C. Bernstein boosted their target price on Textron from $94.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 19th. Citigroup boosted their target price on Textron from $97.00 to $99.00 and gave the company a "neutral" rating in a research note on Thursday, April 2nd. Wells Fargo & Company began coverage on Textron in a research note on Wednesday, April 1st. They issued an "equal weight" rating and a $92.00 target price for the company. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Textron in a research note on Sunday, May 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $101.18.

About Textron

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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