Intech Investment Management LLC Has $453,000 Stock Position in Textron Inc. $TXT

Intech Investment Management LLC increased its stake in shares of Textron Inc. (NYSE:TXT) by 15.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,644 shares of the aerospace company’s stock after acquiring an additional 740 shares during the period. Intech Investment Management LLC’s holdings in Textron were worth $453,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TXT. Banque Cantonale Vaudoise acquired a new position in shares of Textron during the 1st quarter worth approximately $25,000. Assetmark Inc. grew its stake in shares of Textron by 191.9% in the second quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after buying an additional 213 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Textron during the second quarter worth $27,000. Harvest Fund Management Co. Ltd increased its holdings in Textron by 100.0% during the first quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company’s stock worth $39,000 after buying an additional 262 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Textron during the first quarter worth $41,000. 86.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on TXT shares. Sanford C. Bernstein reissued a “market perform” rating and issued a $90.00 price objective on shares of Textron in a research report on Monday, October 27th. TD Cowen reduced their price target on Textron from $95.00 to $90.00 and set a “hold” rating for the company in a report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Textron in a research report on Wednesday, October 8th. UBS Group cut their price objective on Textron from $92.00 to $89.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Finally, Wall Street Zen upgraded Textron from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 27th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Textron currently has a consensus rating of “Hold” and a consensus target price of $92.15.

Textron Stock Up 1.4%

Textron stock opened at $84.20 on Friday. The company’s 50-day moving average price is $82.32 and its two-hundred day moving average price is $80.40. The company has a quick ratio of 0.86, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The stock has a market cap of $14.84 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.30 and a beta of 1.13. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $87.94.

Textron (NYSE:TXT) last posted its earnings results on Thursday, October 23rd. The aerospace company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.47 by $0.08. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.70 billion. Textron had a return on equity of 14.16% and a net margin of 5.81%.The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.40 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, December 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is presently 1.76%.

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.