Foster & Motley Inc. Grows Stock Position in Textron Inc. $TXT

Foster & Motley Inc. raised its stake in Textron Inc. (NYSE:TXT) by 150.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,488 shares of the aerospace company’s stock after purchasing an additional 8,107 shares during the period. Foster & Motley Inc.’s holdings in Textron were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Textron by 51.1% in the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock worth $466,986,000 after acquiring an additional 1,811,787 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Textron by 270.7% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after purchasing an additional 734,478 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Textron in the 3rd quarter valued at $56,255,000. SG Americas Securities LLC lifted its position in shares of Textron by 8,087.0% during the 4th quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company’s stock worth $37,439,000 after purchasing an additional 424,246 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Textron by 18.9% during 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 during the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a report on Sunday, May 3rd. TD Cowen raised Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley set a $109.00 target price on Textron in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, UBS Group increased their price target on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.18.

Insider Activity at Textron

In other news, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction that occurred 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 approximately $801,597.99. The trade was a 22.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas A. Kennedy acquired 10,300 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of $95.98 per share, for a total transaction 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. The trade was a 104.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Textron Trading Up 2.2%

Shares of Textron stock opened at $91.03 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 company has a market capitalization of $15.83 billion, a P/E ratio of 17.40, a PEG ratio of 1.33 and a beta of 0.90. Textron Inc. has a 1 year low of $75.80 and a 1 year high of $101.57. The company’s fifty day moving average is $90.86 and its two-hundred day moving average is $91.55.

Textron (NYSE:TXT) last announced its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping 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 quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts forecast that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a $0.02 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s 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.