U S Global Investors Inc. Buys 8,513 Shares of Textron Inc. $TXT

U S Global Investors Inc. lifted its stake in Textron Inc. (NYSE:TXT) by 4.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 212,794 shares of the aerospace company’s stock after acquiring an additional 8,513 shares during the period. Textron comprises about 2.0% of U S Global Investors Inc.’s holdings, making the stock its 14th biggest position. U S Global Investors Inc.’s holdings in Textron were worth $17,085,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TXT. Banque Cantonale Vaudoise bought a new stake in shares of Textron in the first quarter valued at about $25,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Textron by 100.0% in the first quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company’s stock valued at $39,000 after buying an additional 262 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Textron in the first quarter valued at about $41,000. Federated Hermes Inc. boosted its position in shares of Textron by 48.8% during the 1st quarter. Federated Hermes Inc. now owns 802 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 263 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in shares of Textron by 54.5% during the 2nd quarter. ST Germain D J Co. Inc. now owns 850 shares of the aerospace company’s stock valued at $68,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Insider Buying and Selling at Textron

In other Textron news, EVP Julie G. Duffy sold 28,543 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $79.37, for a total value of $2,265,457.91. Following the completion of the transaction, the executive vice president directly owned 37,624 shares of the company’s stock, valued at approximately $2,986,216.88. The trade was a 43.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on TXT shares. UBS Group upgraded shares of Textron from a “sell” rating to a “neutral” rating and lifted their target price for the company from $73.00 to $88.00 in a research report on Monday, July 28th. Morgan Stanley lifted their target price on shares of Textron from $71.00 to $86.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Textron in a research report on Wednesday. Barclays lifted their target price on shares of Textron from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Susquehanna lifted their target price on shares of Textron from $90.00 to $95.00 and gave the company a “positive” rating in a research report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Textron presently has an average rating of “Hold” and a consensus target price of $92.45.

Textron Price Performance

NYSE:TXT opened at $81.58 on Friday. The firm has a market cap of $14.54 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 1.38 and a beta of 1.13. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $91.30. The company has a quick ratio of 0.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $81.62 and its two-hundred day moving average price is $77.12.

Textron (NYSE:TXT) last released its quarterly earnings results on Thursday, July 24th. The aerospace company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.64 billion. Textron had a net margin of 5.80% and a return on equity of 14.26%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were given a $0.02 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s payout ratio is 1.81%.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.