Textron Inc. $TXT Stake Boosted by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in Textron Inc. (NYSE:TXT) by 363.1% in the first quarter, HoldingsChannel.com reports. The firm owned 78,810 shares of the aerospace company’s stock after acquiring an additional 61,792 shares during the period. Janus Henderson Group PLC’s holdings in Textron were worth $6,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. bought a new position in shares of Textron in the 1st quarter worth about $136,000. Bull Harbor Capital LLC bought a new stake in shares of Textron during the 1st quarter valued at about $1,017,000. Quantinno Capital Management LP raised its stake in Textron by 114.8% during the first quarter. Quantinno Capital Management LP now owns 570,416 shares of the aerospace company’s stock worth $49,946,000 after acquiring an additional 304,831 shares during the period. SummitTX Capital L.P. acquired a new stake in Textron during the first quarter worth about $733,000. Finally, Lazard Asset Management LLC bought a new position in Textron in the first quarter worth about $248,000. Institutional investors own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TXT shares. UBS Group restated a “neutral” rating and issued a $95.00 target price on shares of Textron in a research note on Wednesday, July 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Morgan Stanley set a $98.00 price objective on Textron in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Textron has a consensus rating of “Moderate Buy” and an average target price of $102.44.

Textron Price Performance

NYSE TXT opened at $88.48 on Thursday. The company has a 50-day moving average price of $90.70 and a two-hundred day moving average price of $91.85. Textron Inc. has a 52 week low of $76.45 and a 52 week high of $101.57. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.29 and a beta of 0.91. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts forecast that Textron Inc. will post 6.5 EPS for the current year.

Textron Dividend Announcement

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

Textron Company 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.