Massachusetts Institute of Technology Acquires New Shares in Textron Inc. $TXT

Massachusetts Institute of Technology bought a new stake in Textron Inc. (NYSE:TXT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,000 shares of the aerospace company’s stock, valued at approximately $1,468,000. Textron accounts for about 0.2% of Massachusetts Institute of Technology’s holdings, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management grew its position in shares of Textron by 3,255.6% during the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after buying an additional 293 shares during the period. Wilkerson Advisory Group LLC acquired a new stake in shares of Textron in the 4th quarter valued at approximately $26,000. Cedar Mountain Advisors LLC bought a new position in Textron during the 1st quarter worth approximately $29,000. Elyxium Wealth LLC acquired a new position in Textron during the fourth quarter valued at approximately $30,000. Finally, Strive Financial Group LLC acquired a new position in Textron during the fourth quarter valued at approximately $31,000. Institutional investors own 86.03% of the company’s stock.

Textron Price Performance

Shares of NYSE TXT opened at $84.43 on Friday. The firm has a market cap of $14.52 billion, a PE ratio of 15.93, a PEG ratio of 1.25 and a beta of 0.91. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. Textron Inc. has a 1-year low of $78.12 and a 1-year high of $101.57. The company has a fifty day moving average price of $89.85 and a 200 day moving average price of $91.47.

Textron (NYSE:TXT) last released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.07. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts predict that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given 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 is Friday, September 11th. Textron’s dividend payout ratio (DPR) is currently 1.51%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TXT shares. TD Cowen cut their target price on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, July 13th. UBS Group reissued a “neutral” rating and issued a $95.00 price target on shares of Textron in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Morgan Stanley set a $98.00 price objective on Textron in a research note on Wednesday, July 29th. Finally, Wall Street Zen lowered Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.44.

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.