XTX Topco Ltd Takes Position in Textron Inc. (NYSE:TXT)

XTX Topco Ltd bought a new stake in Textron Inc. (NYSE:TXT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,849 shares of the aerospace company’s stock, valued at approximately $1,533,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Textron during the 2nd quarter worth approximately $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Textron in the second quarter valued at $30,000. Oakworth Capital Inc. acquired a new position in Textron during the 2nd quarter worth about $31,000. Family Firm Inc. acquired a new stake in shares of Textron in the second quarter valued at about $40,000. Finally, Truvestments Capital LLC bought a new position in shares of Textron during the first quarter worth about $48,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Performance

Shares of TXT opened at $88.94 on Friday. Textron Inc. has a one year low of $74.13 and a one year high of $97.33. The company has a market cap of $16.66 billion, a PE ratio of 19.00, a P/E/G ratio of 1.40 and a beta of 1.23. The stock has a 50-day moving average of $88.80 and a 200-day moving average of $89.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.79 and a quick ratio of 0.81.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, July 18th. The aerospace company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.48 by $0.06. Textron had a return on equity of 16.41% and a net margin of 6.67%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts predict that Textron Inc. will post 6.27 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend is Friday, September 13th. Textron’s dividend payout ratio (DPR) is 1.71%.

Analyst Upgrades and Downgrades

TXT has been the topic of several analyst reports. Morgan Stanley cut Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 target price on the stock. in a report on Thursday, August 8th. UBS Group upped their price objective on shares of Textron from $84.00 to $87.00 and gave the company a “sell” rating in a research note on Friday, July 19th. TD Cowen lifted their target price on shares of Textron from $100.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Bank of America boosted their target price on shares of Textron from $105.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Citigroup increased their price target on Textron from $111.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.50.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.