Fox Run Management L.L.C. Buys New Position in Textron Inc. $TXT

Fox Run Management L.L.C. acquired a new stake in shares of Textron Inc. (NYSE:TXT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,160 shares of the aerospace company’s stock, valued at approximately $798,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Activest Wealth Management increased its stake in shares of Textron by 3,255.6% during the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of Textron during the 4th quarter valued at about $30,000. Accredited Wealth Management LLC increased its stake in shares of Textron by 804.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 402 shares during the last quarter. Assetmark Inc. increased its stake in shares of Textron by 52.2% during the 3rd quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 169 shares during the last quarter. Finally, Optiver Holding B.V. acquired a new position in shares of Textron during the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analysts Set New Price Targets

TXT has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. upped their price objective 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. Citigroup upped their price objective 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. Sanford C. Bernstein upped their price objective on shares of Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 19th. Finally, Wells Fargo & Company initiated coverage on shares of Textron in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Textron currently has an average rating of “Hold” and an average price target of $101.18.

Textron Stock Down 1.9%

NYSE TXT opened at $91.47 on Thursday. The stock has a market cap of $15.91 billion, a PE ratio of 17.49, a P/E/G ratio of 1.39 and a beta of 0.90. Textron Inc. has a fifty-two week low of $75.75 and a fifty-two week high of $101.57. The business has a 50 day moving average price of $90.74 and a two-hundred day moving average price of $90.98. 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 (NYSE:TXT) last released its quarterly earnings results 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 $3.70 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts predict that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Dividend Announcement

The business also recently declared 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. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, June 12th. Textron’s dividend payout ratio is currently 1.53%.

Insider Buying and Selling

In related news, Director Thomas A. Kennedy purchased 10,300 shares of the firm’s stock in a transaction 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 acquisition, the director directly 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. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director R Kerry Clark sold 2,517 shares of the company’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 transaction, the director owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This represents a 22.62% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by corporate insiders.

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.