New Age Alpha Advisors LLC Boosts Position in Textron Inc. $TXT

New Age Alpha Advisors LLC lifted its stake in shares of Textron Inc. (NYSE:TXT) by 36.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,675 shares of the aerospace company’s stock after acquiring an additional 7,128 shares during the period. New Age Alpha Advisors LLC’s holdings in Textron were worth $2,325,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of Textron by 10.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 166,532 shares of the aerospace company’s stock worth $14,070,000 after acquiring an additional 15,550 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Textron during the 4th quarter worth about $1,988,000. National Pension Service increased its position in shares of Textron by 28.8% during the 3rd quarter. National Pension Service now owns 83,955 shares of the aerospace company’s stock worth $7,093,000 after purchasing an additional 18,782 shares during the last quarter. Inceptionr LLC acquired a new stake in shares of Textron during the 3rd quarter worth about $905,000. Finally, Perbak Capital Partners LLP acquired a new stake in shares of Textron during the 3rd quarter worth about $1,329,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Insider Activity

In other Textron news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction dated 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 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. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas A. Kennedy bought 10,300 shares of the company’s stock in a transaction on Friday, May 1st. The stock was 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 owned 20,162 shares in the company, valued at $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley set a $109.00 price objective on Textron in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their price objective on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. UBS Group raised their price objective on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Weiss Ratings downgraded Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, TD Cowen raised Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Textron presently has a consensus rating of “Hold” and an average price target of $101.18.

Textron Stock Performance

NYSE TXT opened at $92.62 on Wednesday. The company has a market cap of $16.11 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.37 and a beta of 0.93. 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 stock has a 50-day moving average of $90.24 and a two-hundred day moving average of $90.16. Textron Inc. has a 1-year low of $72.76 and a 1-year high of $101.57.

Textron (NYSE:TXT) last released its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.15. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts anticipate that Textron Inc. will post 6.6 EPS for the current year.

Textron Dividend Announcement

The company 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. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, June 12th. Textron’s payout ratio is currently 1.53%.

About Textron

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.