Foster & Motley Inc. Buys 8,107 Shares of Textron Inc. $TXT

Foster & Motley Inc. grew its stake in Textron Inc. (NYSE:TXT) by 150.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,488 shares of the aerospace company’s stock after buying an additional 8,107 shares during the period. Foster & Motley Inc.’s holdings in Textron were worth $1,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new stake in shares of Textron during the 1st quarter valued at $779,000. Ritholtz Wealth Management increased its stake in Textron by 135.4% in the first quarter. Ritholtz Wealth Management now owns 10,978 shares of the aerospace company’s stock valued at $961,000 after acquiring an additional 6,314 shares during the last quarter. Marathon Mission Inc. raised its position in Textron by 22.7% during the first quarter. Marathon Mission Inc. now owns 5,753 shares of the aerospace company’s stock valued at $504,000 after purchasing an additional 1,063 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Textron during the first quarter worth about $34,274,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in Textron by 249.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 68,234 shares of the aerospace company’s stock worth $5,975,000 after purchasing an additional 48,726 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TXT shares. Wells Fargo & Company began coverage on Textron in a report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. JPMorgan Chase & Co. increased their price target on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, TD Cowen upgraded shares of Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.18.

Textron Price Performance

Shares of TXT stock opened at $91.03 on Friday. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.33 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 twelve month low of $75.80 and a twelve month high of $101.57. The business’s fifty day moving average is $90.86 and its 200 day moving average is $91.55.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping 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 firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the business earned $1.28 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts expect that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid 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%.

Insider Buying and Selling

In related news, Director Thomas A. Kennedy purchased 10,300 shares of the business’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $95.98 per share, with a total value of $988,594.00. Following the transaction, the director owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of the business’s 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

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.