Rosenberg Matthew Hamilton Invests $60,000 in Textron Inc. $TXT

Rosenberg Matthew Hamilton purchased a new position in shares of Textron Inc. (NYSE:TXT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 750 shares of the aerospace company’s stock, valued at approximately $60,000.

Several other institutional investors also recently modified their holdings of TXT. Nuveen LLC acquired a new stake in shares of Textron during the 1st quarter worth approximately $89,403,000. Millennium Management LLC grew its holdings in Textron by 128.7% during the first quarter. Millennium Management LLC now owns 1,113,026 shares of the aerospace company’s stock valued at $80,416,000 after purchasing an additional 626,346 shares during the period. Invesco Ltd. grew its holdings in Textron by 5.6% during the first quarter. Invesco Ltd. now owns 8,166,902 shares of the aerospace company’s stock valued at $590,059,000 after purchasing an additional 433,567 shares during the period. Mackenzie Financial Corp grew its holdings in Textron by 110.6% during the first quarter. Mackenzie Financial Corp now owns 442,358 shares of the aerospace company’s stock valued at $31,960,000 after purchasing an additional 232,277 shares during the period. Finally, Vident Advisory LLC grew its holdings in Textron by 150.8% during the first quarter. Vident Advisory LLC now owns 305,112 shares of the aerospace company’s stock valued at $22,044,000 after purchasing an additional 183,471 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Down 1.0%

Textron stock opened at $81.66 on Friday. The stock has a market capitalization of $14.55 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.34 and a beta of 1.13. Textron Inc. has a twelve month low of $57.70 and a twelve 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 has a 50 day moving average of $82.00 and a 200-day moving average of $77.36.

Textron (NYSE:TXT) last announced its quarterly earnings data on Thursday, July 24th. The aerospace company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. The business 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 firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on TXT. Wall Street Zen upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Morgan Stanley boosted their price objective on shares of Textron from $71.00 to $86.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Textron in a report on Wednesday, October 8th. The Goldman Sachs Group restated a “neutral” rating and set a $85.00 price objective (down previously from $95.00) on shares of Textron in a report on Tuesday, July 1st. Finally, Barclays upped their price target on shares of Textron from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.45.

Insider Activity at Textron

In other news, EVP Julie G. Duffy sold 28,543 shares of the business’s stock in a transaction on 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 sale, the executive vice president owned 37,624 shares of the company’s stock, valued at $2,986,216.88. The trade was a 43.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Textron 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.