MGO One Seven LLC Makes New $215,000 Investment in Textron Inc. $TXT

MGO One Seven LLC purchased a new position in Textron Inc. (NYSE:TXT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,672 shares of the aerospace company’s stock, valued at approximately $215,000.

Other hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in Textron in the 1st quarter worth $25,000. Harvest Fund Management Co. Ltd lifted its stake in Textron by 100.0% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 262 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Textron in the 1st quarter worth $41,000. Federated Hermes Inc. lifted its stake in Textron by 48.8% in the 1st quarter. Federated Hermes Inc. now owns 802 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 263 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in Textron by 54.5% in the 2nd quarter. ST Germain D J Co. Inc. now owns 850 shares of the aerospace company’s stock worth $68,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on TXT shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Textron in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Sunday. UBS Group upgraded shares of Textron from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $73.00 to $88.00 in a report on Monday, July 28th. Barclays boosted their target price on shares of Textron from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Finally, Morgan Stanley boosted their target price on shares of Textron from $71.00 to $86.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $92.45.

Insider Buying and Selling

In related news, EVP Julie G. Duffy sold 28,543 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $79.37, for a total transaction of $2,265,457.91. Following the transaction, the executive vice president directly owned 37,624 shares in the company, valued at approximately $2,986,216.88. This represents a 43.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

Textron Stock Performance

Textron stock opened at $82.35 on Tuesday. The company’s 50-day moving average price is $82.19 and its 200-day moving average price is $77.69. 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 market cap of $14.68 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.32 and a beta of 1.13.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, July 24th. The aerospace company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.64 billion. Textron had a net margin of 5.80% and a return on equity of 14.26%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts forecast 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. Investors of record on Friday, September 12th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, September 12th. Textron’s dividend payout ratio is presently 1.81%.

About Textron

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.