International Assets Investment Management LLC Purchases New Position in Textron Inc. $TXT

International Assets Investment Management LLC bought a new position in shares of Textron Inc. (NYSE:TXT) during the 1st quarter, HoldingsChannel.com reports. The fund bought 50,242 shares of the aerospace company’s stock, valued at approximately $4,399,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its stake in shares of Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after buying an additional 293 shares in the last quarter. Wilkerson Advisory Group LLC purchased a new position in shares of Textron during the fourth quarter worth about $26,000. Cedar Mountain Advisors LLC purchased a new position in Textron during the 1st quarter worth $29,000. Elyxium Wealth LLC purchased a new position in Textron during the fourth quarter worth about $30,000. Finally, Strive Financial Group LLC acquired a new position in Textron during the fourth quarter worth $31,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Trading Up 0.6%

Shares of NYSE:TXT traded up $0.50 during midday trading on Friday, hitting $90.93. The company had a trading volume of 607,661 shares, compared to its average volume of 1,555,076. The stock has a market cap of $15.81 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.36 and a beta of 0.90. Textron Inc. has a 12 month low of $75.80 and a 12 month high of $101.57. The firm has a fifty day simple moving average of $91.21 and a 200 day simple moving average of $91.89. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the firm 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, analysts predict that Textron Inc. will post 6.6 EPS for the current year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were given 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 was Friday, June 12th. Textron’s dividend payout ratio is currently 1.53%.

Insider Activity at Textron

In related news, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the sale, the director owned 8,611 shares in the company, valued at approximately $801,597.99. This represents a 22.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas A. Kennedy acquired 10,300 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $95.98 per share, with a total value 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. The trade was a 104.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Wall Street Zen lowered Textron from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings cut Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. TD Cowen raised Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley set a $109.00 target price on shares of Textron in a research note on Monday, May 4th. One 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.80.

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.