Citizens Financial Group Inc. RI Takes Position in Textron Inc. $TXT

Citizens Financial Group Inc. RI acquired a new position in shares of Textron Inc. (NYSE:TXT) during the second quarter, HoldingsChannel reports. The institutional investor acquired 14,332 shares of the aerospace company’s stock, valued at approximately $1,315,000.

Several other large investors have also modified their holdings of TXT. Activest Wealth Management boosted its holdings in shares of Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Wilkerson Advisory Group LLC purchased a new stake in Textron in the 4th quarter valued at $26,000. Cedar Mountain Advisors LLC purchased a new stake in Textron in the 1st quarter valued at $29,000. Elyxium Wealth LLC acquired a new stake in Textron during the 4th quarter worth $30,000. Finally, Strive Financial Group LLC acquired a new stake in Textron during the 4th quarter worth $31,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Morgan Stanley set a $98.00 price target on Textron in a research report on Wednesday, July 29th. TD Cowen reduced their price objective on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. UBS Group reaffirmed a “neutral” rating and set a $95.00 price objective on shares of Textron in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.44.

Textron Stock Down 0.5%

TXT 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’s 50-day moving average price is $90.14 and its 200 day moving average price is $91.50. Textron Inc. has a 52 week low of $78.12 and a 52 week high of $101.57. The company has a market cap of $15.00 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.29 and a beta of 0.91.

Textron (NYSE:TXT) last announced 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. Textron had a return on equity of 14.30% and a net margin of 6.12%.The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the business posted $1.55 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, research analysts expect that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors 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 dividend yield of 0.1%. Textron’s dividend payout ratio is presently 1.51%.

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.