Econ Financial Services Corp Buys Shares of 21,554 Textron Inc. $TXT

Econ Financial Services Corp purchased a new position in shares of Textron Inc. (NYSE:TXT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,554 shares of the aerospace company’s stock, valued at approximately $1,879,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXT. State Street Corp boosted its position in shares of Textron by 2.4% in the 3rd quarter. State Street Corp now owns 9,220,307 shares of the aerospace company’s stock worth $779,205,000 after purchasing an additional 212,857 shares in the last quarter. Invesco Ltd. increased its position in Textron by 1.7% during the 3rd quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock valued at $698,808,000 after buying an additional 140,713 shares in the last quarter. Boston Partners raised its stake in Textron by 0.9% in the third quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock valued at $613,327,000 after buying an additional 66,747 shares during the last quarter. AQR Capital Management LLC raised its stake in Textron by 33.1% in the third quarter. AQR Capital Management LLC now owns 3,545,395 shares of the aerospace company’s stock valued at $298,239,000 after buying an additional 880,783 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its holdings in Textron by 19.9% in 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 in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TXT. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research note on Wednesday, February 18th. Freedom Capital upgraded shares of Textron to a “strong-buy” rating in a research note on Friday, January 16th. Susquehanna reissued a “positive” rating and set a $110.00 target price on shares of Textron in a research report on Thursday, January 15th. UBS Group upped their price target on shares of Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Textron has a consensus rating of “Moderate Buy” and an average target price of $98.60.

Textron Stock Up 1.9%

Textron stock opened at $87.57 on Wednesday. The business’s 50-day simple moving average is $93.83 and its two-hundred day simple moving average is $88.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.97. The company has a market cap of $15.25 billion, a PE ratio of 17.14, a PEG ratio of 1.30 and a beta of 0.95. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $101.57.

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

Textron Dividend Announcement

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

Insider Buying and Selling at Textron

In other Textron 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 completion of the sale, the vice president directly owned 7,872 shares in the company, valued at approximately $771,141.12. The trade was a 71.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP E Robert Lupone sold 28,056 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $98.84, for a total transaction of $2,773,055.04. Following the completion of the sale, the executive vice president directly owned 103,991 shares in the company, valued at $10,278,470.44. This trade represents a 21.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 304,473 shares of company stock worth $29,976,723. Corporate insiders own 1.90% of the company’s stock.

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.