Textron (NYSE:TXT) VP Mark Bamford Sells 19,808 Shares of Stock

Textron Inc. (NYSE:TXT) VP Mark Bamford sold 19,808 shares of Textron stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the sale, the vice president owned 7,872 shares of the company’s stock, valued at approximately $771,141.12. The trade was a 71.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Textron Price Performance

Shares of NYSE:TXT opened at $100.29 on Thursday. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. The business’s 50 day simple moving average is $91.81 and its 200-day simple moving average is $85.23. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $101.57.

Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.01). The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts forecast that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron News Summary

Here are the key news stories impacting Textron this week:

• Negative Sentiment: Chairman Scott C. Donnelly sold 219,619 shares for about $21.6M (avg. $98.41), cutting his stake ~22.8%. SEC Filing
• Negative Sentiment: EVP E. Robert Lupone sold 28,056 shares for about $2.77M (avg. $98.84), reducing his position ~21.3%. SEC Filing
• Negative Sentiment: EVP Julie G. Duffy sold 19,857 shares for about $1.96M (avg. $98.70), cutting her holding ~34.9%. SEC Filing
• Negative Sentiment: VP Mark S. Bamford reported two sales: 19,808 shares (~$1.94M, avg. $97.96) and 9,533 shares (~$940.7k, avg. $98.68), representing large percentage reductions in his holdings (71.6% and 35.8% in the respective filings). SEC Filing
• Negative Sentiment: CEO Lisa M. Atherton sold 7,600 shares for about $750k (avg. $98.68), trimming her stake ~20.5%. SEC Filing

Institutional Trading of Textron

Hedge funds and other institutional investors have recently bought and sold shares of the company. True Wealth Design LLC lifted its stake in shares of Textron by 388.5% during the 3rd quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 237 shares during the period. Wilkerson Advisory Group LLC purchased a new stake in shares of Textron in the fourth quarter valued at $26,000. Activest Wealth Management increased its stake in 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 purchasing an additional 293 shares during the last quarter. Assetmark Inc. increased its stake in Textron by 191.9% in the second quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 213 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Textron during the second quarter worth about $27,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TXT has been the topic of a number of research reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $94.00 price objective on shares of Textron in a research note on Tuesday, January 6th. UBS Group upped their price target on shares of Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Freedom Capital raised shares of Textron to a “strong-buy” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. lifted their price objective on Textron from $88.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Finally, Citigroup lowered their target price on Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.20.

Textron Company 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.