Y Intercept Hong Kong Ltd Raises Stake in Textron Inc. $TXT

Y Intercept Hong Kong Ltd grew its holdings in Textron Inc. (NYSE:TXT) by 10.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 67,184 shares of the aerospace company’s stock after buying an additional 6,607 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Textron were worth $5,883,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp increased its position in Textron by 2.6% in the 4th quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock valued at $825,193,000 after acquiring an additional 244,017 shares during the period. Invesco Ltd. lifted its position in Textron by 1.7% during the 3rd quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after acquiring an additional 140,713 shares during the period. Boston Partners grew its stake in shares of 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 purchasing an additional 66,747 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Textron by 51.1% in the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock valued at $466,986,000 after purchasing an additional 1,811,787 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Textron by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock valued at $222,455,000 after purchasing an additional 405,314 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

TXT has been the subject of several recent research reports. Citigroup increased their price target on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Weiss Ratings cut shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. upped their price objective on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley set a $109.00 target price on shares of Textron in a research note on Monday, May 4th. Finally, Wells Fargo & Company started coverage on shares of Textron in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Textron presently has a consensus rating of “Moderate Buy” and an average target price of $102.80.

Textron Stock Performance

NYSE:TXT opened at $92.46 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. Textron Inc. has a fifty-two week low of $75.80 and a fifty-two week high of $101.57. The stock has a market cap of $16.08 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.38 and a beta of 0.90. The firm’s fifty day simple moving average is $90.97 and its 200-day simple moving average is $91.77.

Textron (NYSE:TXT) last announced 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 during the quarter, compared to analysts’ expectations of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts expect that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Dividend Announcement

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

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.