BI Asset Management Fondsmaeglerselskab A S Increases Stock Position in Textron Inc. $TXT

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Textron Inc. (NYSE:TXT) by 249.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,234 shares of the aerospace company’s stock after purchasing an additional 48,726 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Textron were worth $5,975,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Motley Fool Asset Management LLC lifted its stake in Textron by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock valued at $262,000 after buying an additional 106 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Textron by 22.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock worth $57,000 after buying an additional 119 shares in the last quarter. Capital Management Corp VA raised its holdings in shares of Textron by 1.0% in the fourth quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock worth $1,088,000 after acquiring an additional 120 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of Textron by 24.5% in the fourth quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock worth $55,000 after acquiring an additional 124 shares during the last quarter. Finally, Glenmede Investment Management LP lifted its position in shares of Textron by 1.0% in the third quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company’s stock valued at $1,193,000 after acquiring an additional 142 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TXT shares. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Morgan Stanley set a $109.00 target price on shares of Textron in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their target price on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, May 4th. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Finally, Wells Fargo & Company started coverage on shares of Textron in a report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.18.

Textron Stock Performance

NYSE TXT opened at $86.86 on Tuesday. The business’s 50-day moving average price is $91.15 and its 200 day moving average price is $91.48. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. Textron Inc. has a twelve month low of $75.80 and a twelve month high of $101.57. The company has a market capitalization of $15.10 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.34 and a beta of 0.91.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the company posted $1.28 EPS. The company’s quarterly 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. On average, research analysts predict that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Thomas A. Kennedy bought 10,300 shares of Textron 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 completion of the acquisition, the director owned 20,162 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the sale, the director owned 8,611 shares of the company’s stock, valued at $801,597.99. This represents 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 company insiders.

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.