Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Textron Inc. $TXT

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Textron Inc. (NYSE:TXT) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 431,986 shares of the aerospace company’s stock, valued at approximately $39,626,000.

A number of other hedge funds have also recently modified their holdings of the company. Activest Wealth Management increased its position in Textron by 3,255.6% during the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC acquired a new position in Textron in the 4th quarter valued at about $26,000. Cedar Mountain Advisors LLC acquired a new position in Textron in the 1st quarter valued at about $29,000. Elyxium Wealth LLC purchased a new stake in shares of Textron in the 4th quarter valued at approximately $30,000. Finally, Strive Financial Group LLC purchased a new stake in shares of Textron in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Stock Down 1.0%

Shares of NYSE:TXT opened at $86.26 on Thursday. The firm has a market capitalization of $14.84 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. Textron Inc. has a 1 year low of $78.12 and a 1 year high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. The firm’s 50-day moving average is $90.04 and its two-hundred day moving average is $91.49.

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

Textron Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TXT shares. TD Cowen reduced their price target on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. UBS Group reiterated a “neutral” rating and issued a $95.00 price objective on shares of Textron in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Finally, Wall Street Zen cut Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Textron currently has a consensus rating of “Moderate Buy” and a consensus 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.