AdvisorShares Investments LLC Takes Position in Textron Inc. $TXT

AdvisorShares Investments LLC acquired a new stake in shares of Textron Inc. (NYSE:TXT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,700 shares of the aerospace company’s stock, valued at approximately $497,000.

Several other large investors also recently made changes to their positions in the business. State Street Corp boosted its position in shares of Textron by 2.4% during the 3rd quarter. State Street Corp now owns 9,220,307 shares of the aerospace company’s stock valued at $779,205,000 after purchasing an additional 212,857 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Textron by 1.7% in the third quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after buying an additional 140,713 shares during the period. Boston Partners boosted its holdings in shares of Textron by 0.9% in the third quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock worth $613,327,000 after buying an additional 66,747 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Textron by 33.1% in the third quarter. AQR Capital Management LLC now owns 3,545,395 shares of the aerospace company’s stock worth $298,239,000 after buying an additional 880,783 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Textron by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,146,467 shares of the aerospace company’s stock worth $181,348,000 after buying an additional 138,128 shares during the period. Institutional investors own 86.03% of the company’s stock.

Insider Buying and Selling at Textron

In related news, Director Thomas A. Kennedy acquired 10,300 shares of the stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the purchase, the director owned 20,162 shares in the company, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction on 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

Textron Trading Down 0.1%

NYSE:TXT opened at $91.86 on Friday. The company’s 50 day moving average is $90.32 and its 200-day moving average is $90.33. The firm has a market cap of $15.97 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.37 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. Textron Inc. has a 12 month low of $72.76 and a 12 month high of $101.57.

Textron (NYSE:TXT) last announced its quarterly earnings data 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. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. Textron’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities analysts anticipate that Textron Inc. will post 6.6 EPS for the current year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $0.02 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is presently 1.53%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TXT. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Citigroup lifted their target price on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. UBS Group lifted their target price 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. Wells Fargo & Company began coverage on shares of Textron in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. 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 a consensus target price of $101.18.

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.