R Kerry Clark Sells 2,517 Shares of Textron (NYSE:TXT) Stock

Textron Inc. (NYSE:TXT) Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the sale, the director owned 8,611 shares of the company’s stock, valued at $801,597.99. The trade was a 22.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Textron Stock Down 0.7%

Shares of NYSE:TXT opened at $90.99 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. Textron Inc. has a 1 year low of $71.95 and a 1 year high of $101.57. The stock has a market capitalization of $15.82 billion, a P/E ratio of 17.40, a PEG ratio of 1.37 and a beta of 0.93. The stock has a 50-day simple moving average of $91.56 and a 200-day simple moving average of $89.24.

Textron (NYSE:TXT) last released its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.15. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.Textron’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities analysts forecast that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Dividend Announcement

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

Hedge Funds Weigh In On Textron

A number of institutional investors have recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC acquired a new position in shares of Textron in the 1st quarter valued at approximately $187,000. Convergence Investment Partners LLC acquired a new position in shares of Textron in the 1st quarter valued at approximately $1,887,000. Earned Wealth Advisors LLC raised its position in shares of Textron by 16.0% in the 1st quarter. Earned Wealth Advisors LLC now owns 5,056 shares of the aerospace company’s stock valued at $443,000 after purchasing an additional 697 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Textron by 24.8% in the 1st quarter. Parallel Advisors LLC now owns 2,122 shares of the aerospace company’s stock valued at $186,000 after purchasing an additional 422 shares in the last quarter. Finally, Resolute Wealth Strategies LLC acquired a new position in shares of Textron in the 1st quarter valued at approximately $214,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXT has been the subject of a number of analyst reports. TD Cowen upgraded Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Sanford C. Bernstein upped their price target on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 19th. Freedom Capital upgraded Textron to a “strong-buy” rating in a report on Friday, January 16th. Susquehanna restated a “positive” rating and issued a $110.00 price target on shares of Textron in a report on Thursday, January 15th. Finally, Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.18.

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.