U S Global Investors Inc. Has $12.25 Million Position in Textron Inc. $TXT

U S Global Investors Inc. cut its holdings in shares of Textron Inc. (NYSE:TXT) by 23.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 139,954 shares of the aerospace company’s stock after selling 43,967 shares during the period. Textron comprises approximately 1.4% of U S Global Investors Inc.’s holdings, making the stock its 22nd largest holding. U S Global Investors Inc.’s holdings in Textron were worth $12,254,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TXT. Goldman Sachs Group Inc. grew its stake in shares of Textron by 22.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock valued at $103,890,000 after buying an additional 218,201 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in Textron during the fourth quarter worth $1,988,000. New York State Teachers Retirement System raised its position in Textron by 10.7% during the fourth quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock worth $13,641,000 after acquiring an additional 15,159 shares in the last quarter. Perbak Capital Partners LLP acquired a new stake in Textron in the third quarter valued at $1,329,000. Finally, Econ Financial Services Corp acquired a new stake in Textron in the fourth quarter valued at $1,879,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TXT shares. Wells Fargo & Company initiated coverage on shares of Textron in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price objective on the stock. Citigroup raised their target price on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. TD Cowen upgraded Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $109.00 price target on Textron 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 analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Textron presently has an average rating of “Moderate Buy” and a consensus target price of $102.80.

Insider Activity

In other news, Director Thomas A. Kennedy acquired 10,300 shares of Textron stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the acquisition, the director directly owned 20,162 shares in the company, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the transaction, the director directly owned 8,611 shares in the company, valued at $801,597.99. The trade was a 22.62% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by corporate insiders.

Textron Stock Performance

TXT stock traded up $0.50 during midday trading on Friday, reaching $90.93. 607,661 shares of the company were exchanged, compared to its average volume of 1,555,076. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. The business has a 50-day moving average price of $91.21 and a two-hundred day moving average price of $91.89. Textron Inc. has a one year low of $75.80 and a one year high of $101.57. The firm has a market capitalization of $15.81 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.30 by $0.15. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts forecast that Textron Inc. will post 6.6 EPS for the current year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were paid a $0.02 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s dividend payout ratio is 1.53%.

Textron Profile

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.