Neo Ivy Capital Management Buys Shares of 6,650 Textron Inc. $TXT

Neo Ivy Capital Management purchased a new position in shares of Textron Inc. (NYSE:TXT) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,650 shares of the aerospace company’s stock, valued at approximately $562,000.

Several other large investors have also made changes to their positions in TXT. Geneos Wealth Management Inc. lifted its position in shares of Textron by 18.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 998 shares of the aerospace company’s stock worth $80,000 after purchasing an additional 158 shares during the period. CX Institutional boosted its stake in shares of Textron by 6.8% in the 3rd quarter. CX Institutional now owns 2,529 shares of the aerospace company’s stock valued at $214,000 after purchasing an additional 162 shares during the last quarter. Assetmark Inc. increased its position in shares of Textron by 52.2% during the third quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after buying an additional 169 shares during the period. Arizona State Retirement System increased its position in shares of Textron by 0.3% during the third quarter. Arizona State Retirement System now owns 53,256 shares of the aerospace company’s stock worth $4,500,000 after buying an additional 172 shares during the period. Finally, Diversified Trust Co raised its stake in Textron by 2.0% during the third quarter. Diversified Trust Co now owns 10,723 shares of the aerospace company’s stock worth $906,000 after buying an additional 209 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Trading Down 1.4%

NYSE:TXT opened at $95.01 on Monday. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.43 and a beta of 0.95. The firm has a fifty day simple moving average of $94.14 and a two-hundred day simple moving average of $86.95. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $101.57.

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

Textron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, March 13th. Textron’s dividend payout ratio is 1.57%.

Insiders Place Their Bets

In other news, VP Mark S. Bamford sold 19,808 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the completion of the sale, the vice president owned 7,872 shares in the company, valued at $771,141.12. The trade was a 71.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Julie G. Duffy sold 19,857 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $98.70, for a total value of $1,959,885.90. Following the transaction, the executive vice president directly owned 37,039 shares in the company, valued at $3,655,749.30. The trade was a 34.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 304,473 shares of company stock valued at $29,976,723. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Sanford C. Bernstein boosted their target price on shares of Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 19th. UBS Group lifted their price objective on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. boosted their price objective on Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Citigroup cut their target price on Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Finally, Freedom Capital raised Textron to a “strong-buy” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.60.

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.