D.A. Davidson & CO. Increases Stock Holdings in Textron Inc. $TXT

D.A. Davidson & CO. raised its holdings in Textron Inc. (NYSE:TXT) by 87.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,712 shares of the aerospace company’s stock after buying an additional 6,398 shares during the quarter. D.A. Davidson & CO.’s holdings in Textron were worth $1,201,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Activest Wealth Management grew its stake in shares of Textron by 3,255.6% during the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC purchased a new position in shares of Textron in the 4th quarter valued at approximately $26,000. Cedar Mountain Advisors LLC purchased a new position in shares of Textron in the 1st quarter valued at approximately $29,000. Elyxium Wealth LLC acquired a new stake in Textron in the 4th quarter worth approximately $30,000. Finally, Strive Financial Group LLC acquired a new stake in Textron in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TXT. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Morgan Stanley set a $97.00 price objective on shares of Textron in a research note on Wednesday, July 15th. Citigroup boosted their price objective on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Wells Fargo & Company initiated coverage on Textron in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on Textron from $90.00 to $105.00 and gave the stock 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 issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Textron presently has an average rating of “Moderate Buy” and an average target price of $103.10.

Insiders Place Their Bets

In related news, Director R Kerry Clark sold 2,517 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the sale, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This represents a 22.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas A. Kennedy purchased 10,300 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the transaction, the director owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This trade represents a 104.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Textron Stock Up 1.3%

Textron stock opened at $91.74 on Thursday. The business’s 50-day moving average price is $90.91 and its 200 day moving average price is $91.98. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The firm has a market cap of $15.95 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90. Textron Inc. has a 52 week low of $75.80 and a 52 week high of $101.57.

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

Textron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, June 12th. Textron’s payout ratio is currently 1.53%.

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.