Candriam S.C.A. reduced its holdings in shares of Textron Inc. (NYSE:TXT – Free Report) by 70.0% during the 1st quarter, HoldingsChannel reports. The firm owned 8,243 shares of the aerospace company’s stock after selling 19,238 shares during the period. Candriam S.C.A.’s holdings in Textron were worth $722,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of TXT. Motley Fool Asset Management LLC grew its holdings in shares of Textron by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock worth $262,000 after buying an additional 106 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Textron by 22.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock worth $57,000 after acquiring an additional 119 shares during the period. Capital Management Corp VA lifted its position in Textron by 1.0% during the 4th quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock worth $1,088,000 after acquiring an additional 120 shares during the period. Root Financial Partners LLC grew its stake in shares of Textron by 24.5% in the 4th quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock valued at $55,000 after purchasing an additional 124 shares during the last quarter. Finally, Essex Financial Services Inc. grew its stake in shares of Textron by 4.9% in the 1st quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 127 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Thomas A. Kennedy acquired 10,300 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the purchase, the director directly owned 20,162 shares in the company, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the transaction, the director directly owned 8,611 shares of the company’s stock, valued at $801,597.99. The trade was a 22.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on TXT
Textron Stock Down 0.8%
TXT stock opened at $88.78 on Thursday. 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 company’s 50 day simple moving average is $90.95 and its 200-day simple moving average is $91.88. Textron Inc. has a 12 month low of $75.80 and a 12 month high of $101.57. The firm has a market capitalization of $15.44 billion, a PE ratio of 16.98, a P/E/G ratio of 1.34 and a beta of 0.90.
Textron (NYSE:TXT – Get Free Report) last posted its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.Textron’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities analysts expect that Textron Inc. will post 6.6 earnings per share for the current fiscal year.
Textron Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, June 12th. Textron’s dividend payout ratio is currently 1.53%.
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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