Ritholtz Wealth Management Raises Holdings in Textron Inc. $TXT

Ritholtz Wealth Management grew its stake in Textron Inc. (NYSE:TXT) by 135.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,978 shares of the aerospace company’s stock after buying an additional 6,314 shares during the quarter. Ritholtz Wealth Management’s holdings in Textron were worth $961,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of Textron by 51.1% during the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock worth $466,986,000 after buying an additional 1,811,787 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in Textron by 270.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock worth $80,759,000 after acquiring an additional 734,478 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Textron during the 3rd quarter worth approximately $56,255,000. SG Americas Securities LLC grew its holdings in Textron by 8,087.0% during the 4th quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company’s stock worth $37,439,000 after acquiring an additional 424,246 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Textron by 18.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock valued at $222,455,000 after purchasing an additional 405,314 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Insider Transactions at Textron

In other news, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas A. Kennedy bought 10,300 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $95.98 per share, with a total value of $988,594.00. Following the purchase, the director directly 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 position. The SEC filing for this purchase provides additional information. 1.90% of the stock is currently owned by corporate insiders.

Textron Price Performance

TXT stock opened at $91.03 on Monday. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $15.83 billion, a P/E ratio of 17.40, a PEG ratio of 1.36 and a beta of 0.91. The business has a 50 day simple moving average of $90.86 and a 200-day simple moving average of $91.61. Textron Inc. has a twelve month low of $75.80 and a twelve month 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 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 business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the company posted $1.28 EPS. The company’s quarterly revenue 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, equities analysts anticipate that Textron Inc. will post 6.6 EPS for the current year.

Textron Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TXT shares. 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 report on Monday, May 4th. Weiss Ratings lowered Textron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Morgan Stanley set a $109.00 price target on Textron in a report on Monday, May 4th. Citigroup increased their price objective on Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. boosted 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 analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.