UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 227,607 Shares of Textron Inc. $TXT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Textron Inc. (NYSE:TXT) by 31.3% in the 2nd quarter, Holdings Channel reports. The firm owned 954,138 shares of the aerospace company’s stock after buying an additional 227,607 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Textron were worth $87,523,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TXT. Wilkerson Advisory Group LLC acquired a new position in Textron during the fourth quarter worth $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Textron during the 1st quarter worth about $29,000. Elyxium Wealth LLC bought a new stake in shares of Textron during the 4th quarter worth about $30,000. Strive Financial Group LLC acquired a new position in shares of Textron during the 4th quarter valued at about $31,000. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Textron by 522.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 361 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 303 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors.

Textron Price Performance

NYSE TXT opened at $79.61 on Wednesday. The stock has a 50-day simple moving average of $88.48 and a 200 day simple moving average of $90.85. Textron Inc. has a twelve month low of $78.12 and a twelve month high of $101.57. The stock has a market capitalization of $13.69 billion, a PE ratio of 15.02, a P/E/G ratio of 1.17 and a beta of 0.90. 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 (NYSE:TXT) last released its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts anticipate that Textron Inc. will post 6.5 EPS for the current year.

Textron Dividend Announcement

The business also recently disclosed 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 is Friday, September 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is presently 1.51%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley set a $98.00 target price on Textron in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. TD Cowen reduced their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. UBS Group reaffirmed a “neutral” rating and set a $95.00 price objective on shares of Textron in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. One 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.44.

About Textron

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.