Massachusetts Institute of Technology Purchases Shares of 16,000 Textron Inc. $TXT

Massachusetts Institute of Technology acquired a new position in shares of Textron Inc. (NYSE:TXT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,000 shares of the aerospace company’s stock, valued at approximately $1,468,000. Textron makes up 0.2% of Massachusetts Institute of Technology’s holdings, making the stock its 4th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Motley Fool Asset Management LLC increased its holdings in Textron by 3.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock valued at $262,000 after purchasing an additional 106 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Textron by 22.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 119 shares in the last quarter. Capital Management Corp VA grew its holdings in shares of Textron by 1.0% during the fourth quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock worth $1,088,000 after purchasing an additional 120 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Textron by 24.5% in the fourth quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock valued at $55,000 after buying an additional 124 shares in the last quarter. Finally, Essex Financial Services Inc. increased its stake in shares of Textron by 4.9% in the first quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock valued at $237,000 after buying an additional 127 shares in the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Price Performance

Textron stock opened at $84.43 on Friday. The business’s 50-day simple moving average is $89.85 and its 200 day simple moving average is $91.47. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.25 and a beta of 0.91. Textron Inc. has a 12-month low of $78.12 and a 12-month high of $101.57.

Textron (NYSE:TXT) last announced its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.07. The firm had revenue of $3.83 billion during 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 company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, research analysts anticipate that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. 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 restated a “neutral” rating and issued a $95.00 price objective on shares of Textron in a research report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. 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, Morgan Stanley set a $98.00 price target on shares of Textron in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

Textron 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.