Cambria Investment Management L.P. Trims Stock Holdings in Textron Inc. $TXT

Cambria Investment Management L.P. lowered its stake in shares of Textron Inc. (NYSE:TXT) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,874 shares of the aerospace company’s stock after selling 6,731 shares during the period. Cambria Investment Management L.P. owned 0.06% of Textron worth $8,354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of Textron by 144.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock worth $213,942,000 after purchasing an additional 1,573,206 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Textron by 270.7% in the second 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 buying an additional 734,478 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Textron during the third quarter valued at approximately $56,255,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Textron by 62.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,231,492 shares of the aerospace company’s stock valued at $98,876,000 after buying an additional 471,274 shares during the period. Finally, Brandes Investment Partners LP boosted its position in Textron by 19.9% during the second quarter. Brandes Investment Partners LP now owns 2,714,466 shares of the aerospace company’s stock worth $217,945,000 after acquiring an additional 451,017 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Trading Down 2.7%

Shares of TXT opened at $89.00 on Thursday. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $101.57. The stock’s 50-day moving average is $94.71 and its two-hundred day moving average is $87.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. The stock has a market cap of $15.50 billion, a PE ratio of 17.42, a P/E/G ratio of 1.38 and a beta of 0.95.

Textron (NYSE:TXT) last posted its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). The company had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.11 billion. Textron had a net margin of 6.22% and a return on equity of 14.63%. Textron’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities analysts forecast that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is 1.57%.

Wall Street Analyst Weigh In

TXT has been the subject of several recent analyst reports. Citigroup lowered their target price on shares of Textron from $107.00 to $97.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a research note on Wednesday, February 18th. Wall Street Zen downgraded Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. upped their target price on Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.60.

Insider Buying and Selling

In other news, VP Mark S. Bamford sold 19,808 shares of Textron stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the sale, the vice president owned 7,872 shares in the company, valued at $771,141.12. This trade represents a 71.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP E Robert Lupone sold 28,056 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $98.84, for a total transaction of $2,773,055.04. Following the transaction, the executive vice president directly owned 103,991 shares in the company, valued at approximately $10,278,470.44. The trade was a 21.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 304,473 shares of company stock valued at $29,976,723 over the last three months. Company insiders own 1.90% 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.