Hsbc Holdings PLC Buys Shares of 625,781 Textron Inc. $TXT

Hsbc Holdings PLC purchased a new position in Textron Inc. (NYSE:TXT) in the second quarter, HoldingsChannel reports. The institutional investor purchased 625,781 shares of the aerospace company’s stock, valued at approximately $57,515,000.

A number of other institutional investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Textron by 13.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock worth $1,049,000 after acquiring an additional 1,709 shares in the last quarter. Empowered Funds LLC lifted its stake in Textron by 6.3% during the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock worth $1,546,000 after purchasing an additional 1,265 shares during the last quarter. Focus Partners Wealth lifted its stake in Textron by 18.0% during the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after purchasing an additional 735 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Textron in the 2nd quarter worth about $453,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of Textron by 15.3% in the 2nd quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock worth $1,539,000 after purchasing an additional 2,548 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Analysts Set New Price Targets

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

Textron Trading Up 1.8%

NYSE TXT opened at $83.26 on Thursday. Textron Inc. has a 1-year low of $78.12 and a 1-year high of $101.57. 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 stock has a 50-day moving average of $89.00 and a 200-day moving average of $91.26. The firm has a market cap of $14.32 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.19 and a beta of 0.91.

Textron (NYSE:TXT) last issued its 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. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the prior year, the business posted $1.55 EPS. Textron’s quarterly revenue was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts forecast that Textron Inc. will post 6.5 EPS for the current year.

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th. Textron’s dividend payout ratio 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.