74,281 Shares in Textron Inc. $TXT Acquired by Korea Investment CORP

Korea Investment CORP purchased a new stake in shares of Textron Inc. (NYSE:TXT – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 74,281 shares of the aerospace company’s stock, valued at approximately $6,814,000.

A number of other large investors have also recently bought and sold shares of TXT. BlackRock Inc. bought a new position in shares of Textron in the second quarter worth about $1,434,125,000. State Street Corp boosted its stake in Textron by 2.6% during the 4th quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock valued at $825,193,000 after purchasing an additional 244,017 shares during the period. Invesco Ltd. boosted its stake in Textron by 1.7% during the 3rd quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock valued at $698,808,000 after purchasing an additional 140,713 shares during the period. Boston Partners grew its holdings in Textron by 0.9% in the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock valued at $613,327,000 after buying an additional 66,747 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Textron by 51.1% in the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock worth $466,986,000 after buying an additional 1,811,787 shares during the period. 86.03% of the stock is currently owned by institutional investors.

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Textron Trading Down 0.9%

Shares of TXT opened at $82.17 on Tuesday. The stock has a fifty day moving average price of $89.42 and a two-hundred day moving average price of $91.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. Textron Inc. has a 52-week low of $78.12 and a 52-week high of $101.57. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.20 and a beta of 0.91.

Textron (NYSE:TXT – Get Free Report) last announced its earnings results 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. Textron had a net margin of 6.12% and a return on equity of 14.30%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts predict that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron’s dividend payout ratio is 1.51%.

Analyst Ratings Changes

Several research firms recently commented on TXT. UBS Group reiterated a “neutral” rating and set a $95.00 target price on shares of Textron in a research note on Wednesday, July 29th. TD Cowen lowered their price target on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. JPMorgan Chase & Co. boosted their price objective on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. One equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

Check Out Our Latest Stock Report on Textron

About Textron

(Free Report)

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.

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