Fox Run Management L.L.C. bought a new stake in shares of Textron Inc. (NYSE:TXT – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 9,160 shares of the aerospace company’s stock, valued at approximately $798,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Management Corp VA boosted its stake in shares of Textron by 1.0% during the 4th quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock valued at $1,088,000 after buying an additional 120 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of Textron by 24.5% during the 4th 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 during the last quarter. Glenmede Investment Management LP boosted its stake in shares of Textron by 1.0% during the 3rd quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company’s stock valued at $1,193,000 after buying an additional 142 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Textron by 18.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 998 shares of the aerospace company’s stock valued at $80,000 after buying an additional 158 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Textron by 52.2% during the 3rd quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock valued at $42,000 after buying an additional 169 shares during the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently commented on TXT shares. Wells Fargo & Company started coverage on Textron in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 target price for the company. TD Cowen upgraded Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. UBS Group increased their target price on Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Finally, Weiss Ratings cut Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $101.18.
Textron Price Performance
Shares of NYSE TXT opened at $91.47 on Thursday. Textron Inc. has a 1-year low of $75.75 and a 1-year high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. The business’s fifty day moving average price is $90.74 and its two-hundred day moving average price is $90.98. The firm has a market capitalization of $15.91 billion, a PE ratio of 17.49, a P/E/G ratio of 1.39 and a beta of 0.90.
Textron (NYSE:TXT – Get Free Report) last issued its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the company earned $1.28 earnings per share. The firm’s revenue for the quarter was up 11.8% 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 6.6 EPS for the current year.
Textron Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 1.53%.
Insider Buying and Selling at Textron
In related news, Director Thomas A. Kennedy bought 10,300 shares of the company’s stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $95.98 per share, with a total value of $988,594.00. Following the completion of the transaction, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director R Kerry Clark sold 2,517 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the sale, the director directly owned 8,611 shares in the company, valued at $801,597.99. This represents a 22.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by company insiders.
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.
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