Y Intercept Hong Kong Ltd Boosts Holdings in Textron Inc. $TXT

Y Intercept Hong Kong Ltd boosted its holdings in shares of Textron Inc. (NYSE:TXT) by 10.9% in the first quarter, HoldingsChannel.com reports. The fund owned 67,184 shares of the aerospace company’s stock after buying an additional 6,607 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Textron were worth $5,883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Motley Fool Asset Management LLC increased its stake in shares of Textron by 3.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock worth $262,000 after purchasing an additional 106 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Textron by 22.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock valued at $57,000 after buying an additional 119 shares in the last quarter. Capital Management Corp VA lifted its stake in Textron by 1.0% in the 4th quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock valued at $1,088,000 after buying an additional 120 shares in the last quarter. Root Financial Partners LLC grew its holdings in Textron by 24.5% during the 4th quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock valued at $55,000 after buying an additional 124 shares during the last quarter. Finally, Essex Financial Services Inc. grew its holdings in Textron by 4.9% during the 1st quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock valued at $237,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analysts Set New Price Targets

TXT has been the subject of a number of analyst reports. UBS Group boosted their price target on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 4th. TD Cowen raised Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley set a $109.00 price objective on Textron in a research report on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Finally, Citigroup upped their target price on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.80.

Insider Activity

In other Textron news, Director Thomas A. Kennedy purchased 10,300 shares of the stock in a transaction on Friday, May 1st. The stock was bought at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the acquisition, the director directly owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the transaction, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This represents a 22.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by insiders.

Textron Trading Down 0.0%

Shares of TXT opened at $92.46 on Friday. Textron Inc. has a fifty-two week low of $75.80 and a fifty-two week high of $101.57. The company has a market capitalization of $16.08 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.38 and a beta of 0.90. The stock has a fifty day moving average of $90.97 and a two-hundred day moving average of $91.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.15. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts forecast that Textron Inc. will post 6.6 EPS for the current year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, June 12th. Textron’s dividend payout ratio (DPR) is presently 1.53%.

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.