391,386 Shares in Textron Inc. $TXT Acquired by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc bought a new position in Textron Inc. (NYSE:TXT) in the first quarter, Holdings Channel.com reports. The fund bought 391,386 shares of the aerospace company’s stock, valued at approximately $34,274,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC bought a new stake in shares of Textron in the 4th quarter worth $26,000. Activest Wealth Management lifted its holdings in shares of Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after buying an additional 293 shares during the period. Elyxium Wealth LLC bought a new position in Textron during the fourth quarter valued at about $30,000. Strive Financial Group LLC bought a new position in Textron during the fourth quarter valued at about $31,000. Finally, Accredited Wealth Management LLC grew its holdings in Textron by 804.0% during the third quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 402 shares during the period. 86.03% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Thomas A. Kennedy acquired 10,300 shares of Textron stock in a transaction on Friday, May 1st. The stock was bought at an average cost of $95.98 per share, with a total value of $988,594.00. Following the completion of the purchase, the director owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by insiders.

Textron Stock Performance

Shares of NYSE TXT opened at $89.25 on Friday. The stock’s fifty day simple moving average is $91.24 and its 200 day simple moving average is $91.38. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.34 and a beta of 0.90. 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 52-week low of $75.80 and a 52-week high of $101.57.

Textron (NYSE:TXT) last announced its earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the business posted $1.28 earnings per share. Textron’s revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts forecast that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Dividend Announcement

The business 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 dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, June 12th. Textron’s payout ratio is presently 1.53%.

Analysts Set New Price Targets

Several brokerages have commented on TXT. Wells Fargo & Company began coverage on shares of Textron in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price target on the stock. TD Cowen upgraded shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. UBS Group lifted their price objective on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Morgan Stanley set a $109.00 target price on shares of Textron in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $101.18.

Textron 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.