Fidelity National Financial Inc. Invests $27.52 Million in Textron Inc. $TXT

Fidelity National Financial Inc. purchased a new position in shares of Textron Inc. (NYSE:TXT) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 300,000 shares of the aerospace company’s stock, valued at approximately $27,519,000. Textron accounts for about 0.9% of Fidelity National Financial Inc.’s investment portfolio, making the stock its 4th largest position.

Several other institutional investors also recently bought and sold shares of TXT. Tiemann Investment Advisors LLC purchased a new stake in Textron during the 2nd quarter worth approximately $183,000. Citizens Financial Group Inc. RI purchased a new position in shares of Textron in the second quarter valued at approximately $1,315,000. BlackRock Inc. acquired a new stake in shares of Textron in the second quarter worth approximately $1,434,125,000. Pallas Capital Advisors LLC purchased a new stake in shares of Textron during the second quarter worth approximately $1,390,000. Finally, Deutsche Bank AG purchased a new stake in shares of Textron during the second quarter worth approximately $67,819,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. TD Cowen decreased their price objective on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Wall Street Zen cut shares of Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group reissued a “neutral” rating and issued a $95.00 price target on shares of Textron in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. One 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.44.

Textron Price Performance

Textron stock opened at $87.24 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $90.14 and a 200 day moving average price of $91.50. Textron Inc. has a 12-month low of $78.12 and a 12-month high of $101.57. The stock has a market cap of $15.00 billion, a P/E ratio of 16.46, a PEG ratio of 1.29 and a beta of 0.91.

Textron (NYSE:TXT) last posted its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share 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 analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts anticipate that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Announces Dividend

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 dividend payout ratio (DPR) is 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.