Numerai GP LLC Invests $3.81 Million in Textron Inc. $TXT

Numerai GP LLC bought a new stake in shares of Textron Inc. (NYSE:TXT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 45,076 shares of the aerospace company’s stock, valued at approximately $3,808,000.

A number of other hedge funds have also recently bought and sold shares of the company. Mariner LLC boosted its position in shares of Textron by 11.8% during the 3rd quarter. Mariner LLC now owns 81,626 shares of the aerospace company’s stock valued at $6,897,000 after purchasing an additional 8,615 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in Textron during the third quarter valued at approximately $432,000. Mercer Global Advisors Inc. ADV boosted its holdings in Textron by 31.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 39,571 shares of the aerospace company’s stock worth $3,343,000 after buying an additional 9,564 shares in the last quarter. Millennium Management LLC grew its position in Textron by 56.2% in the third quarter. Millennium Management LLC now owns 926,237 shares of the aerospace company’s stock worth $78,258,000 after buying an additional 333,421 shares during the last quarter. Finally, Lido Advisors LLC grew its position in Textron by 61.8% in the third quarter. Lido Advisors LLC now owns 4,336 shares of the aerospace company’s stock worth $367,000 after buying an additional 1,656 shares during the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Textron

In other Textron news, Chairman Scott C. Donnelly sold 219,619 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $98.41, for a total transaction of $21,612,705.79. Following the completion of the transaction, the chairman owned 742,418 shares of the company’s stock, valued at $73,061,355.38. The trade was a 22.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julie G. Duffy sold 19,857 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $98.70, for a total transaction of $1,959,885.90. Following the completion of the sale, the executive vice president directly owned 37,039 shares of the company’s stock, valued at approximately $3,655,749.30. This trade represents 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 sold 304,473 shares of company stock worth $29,976,723. 1.90% of the stock is currently owned by company insiders.

Textron Stock Performance

Shares of TXT stock opened at $91.86 on Tuesday. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $101.57. The stock’s 50-day moving average is $94.67 and its two-hundred day moving average is $87.44. 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 firm has a market cap of $15.99 billion, a P/E ratio of 17.98, a PEG ratio of 1.37 and a beta of 0.95.

Textron (NYSE:TXT) last announced its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.01). The business 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 quarter last year, the company earned $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts predict that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a report on Wednesday, February 18th. Morgan Stanley set a $92.00 target price on Textron in a report on Thursday, January 29th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. upped their target price on Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, Freedom Capital upgraded Textron to a “strong-buy” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.60.

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.