Textron (NYSE:TXT) Director R Kerry Clark Sells 2,517 Shares of Stock

Textron Inc. (NYSE:TXT) Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the transaction, the director owned 8,611 shares in the company, valued at approximately $801,597.99. The trade was a 22.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Textron Stock Down 1.7%

NYSE:TXT opened at $91.54 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. The firm has a market cap of $15.92 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.40 and a beta of 0.93. Textron Inc. has a fifty-two week low of $70.52 and a fifty-two week high of $101.57. The firm has a 50-day simple moving average of $91.56 and a two-hundred day simple moving average of $89.24.

Textron (NYSE:TXT) last issued its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts predict that Textron Inc. will post 6.58 earnings per share for the current fiscal year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors 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 is 1.53%.

Analyst Upgrades and Downgrades

TXT has been the subject of several recent analyst reports. Citigroup boosted their price target on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. increased their price objective on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday. UBS Group lifted their price objective on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Susquehanna reiterated a “positive” rating and issued a $110.00 price target on shares of Textron in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.18.

Hedge Funds Weigh In On Textron

A number of institutional investors and hedge funds have recently made changes to their positions in TXT. State Street Corp increased its holdings in Textron by 2.6% during the fourth quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock valued at $825,193,000 after buying an additional 244,017 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Textron by 1.7% during the 3rd quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after acquiring an additional 140,713 shares during the last quarter. Boston Partners boosted its stake in shares of Textron by 0.9% during the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock worth $613,327,000 after acquiring an additional 66,747 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Textron by 51.1% during the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock valued at $466,986,000 after acquiring an additional 1,811,787 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Textron by 18.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock worth $222,455,000 after purchasing an additional 405,314 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

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.