Aware Super Pty Ltd as trustee of Aware Super Takes Position in Textron Inc. $TXT

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Textron Inc. (NYSE:TXT) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,502 shares of the aerospace company’s stock, valued at approximately $744,000.

A number of other hedge funds have also modified their holdings of the company. Bastion Asset Management Inc. acquired a new position in Textron during the first quarter worth $1,606,000. D.A. Davidson & CO. increased its stake in Textron by 87.5% in the 1st quarter. D.A. Davidson & CO. now owns 13,712 shares of the aerospace company’s stock valued at $1,201,000 after buying an additional 6,398 shares during the last quarter. Twin Capital Management Inc. lifted its position in Textron by 1.5% during the 1st quarter. Twin Capital Management Inc. now owns 12,722 shares of the aerospace company’s stock worth $1,114,000 after buying an additional 189 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in Textron by 18.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 60,140 shares of the aerospace company’s stock worth $5,266,000 after buying an additional 9,342 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Textron during the 1st quarter worth about $219,000. 86.03% of the stock is currently owned by institutional investors.

Textron Trading Up 0.9%

TXT stock opened at $91.41 on Friday. Textron Inc. has a one year low of $75.80 and a one year high of $101.57. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. The company has a fifty day moving average price of $90.93 and a two-hundred day moving average price of $91.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87.

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

Textron Dividend Announcement

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

Insider Activity

In other news, Director Thomas A. Kennedy bought 10,300 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director R Kerry Clark sold 2,517 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the transaction, the director owned 8,611 shares in the company, valued at approximately $801,597.99. This trade 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 corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TXT shares. TD Cowen decreased their price objective on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, July 13th. JPMorgan Chase & Co. increased their price target on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Morgan Stanley set a $97.00 price target on Textron in a research report on Wednesday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.10.

Textron 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.