32,139 Shares in Textron Inc. $TXT Acquired by Nykredit A S

Nykredit A S bought a new stake in shares of Textron Inc. (NYSE:TXT) in the 2nd quarter, Holdings Channel.com reports. The firm bought 32,139 shares of the aerospace company’s stock, valued at approximately $2,948,000.

Several other institutional investors have also added to or reduced their stakes in the business. Wilkerson Advisory Group LLC purchased a new position in shares of Textron during the 4th quarter worth $26,000. Cedar Mountain Advisors LLC bought a new position in Textron in the 1st quarter worth $29,000. Elyxium Wealth LLC bought a new position in Textron in the 4th quarter worth $30,000. Strive Financial Group LLC purchased a new position in Textron during the fourth quarter valued at $31,000. Finally, Elevation Wealth Partners LLC grew its holdings in Textron by 522.4% during the second quarter. Elevation Wealth Partners LLC now owns 361 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 303 shares during the period. 86.03% of the stock is currently owned by institutional investors.

Textron Price Performance

Shares of Textron stock opened at $78.92 on Monday. The stock’s 50-day simple moving average is $87.89 and its 200-day simple moving average is $90.45. Textron Inc. has a 52 week low of $78.12 and a 52 week high of $101.57. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 1.15 and a beta of 0.90. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43.

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

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th 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 of this dividend is Friday, September 11th. Textron’s dividend payout ratio (DPR) is 1.51%.

Analyst Ratings Changes

A number of analysts have commented on TXT shares. Wall Street Zen cut Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group reiterated a “neutral” rating and set a $95.00 price objective on shares of Textron in a research note on Wednesday, July 29th. Morgan Stanley set a $98.00 target price on shares of Textron in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Finally, TD Cowen dropped their price target on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

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.