Textron (NYSE:TXT) EVP Sells 19,857 Shares

Textron Inc. (NYSE:TXT) EVP Julie Duffy sold 19,857 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 37,039 shares of the company’s stock, valued at $3,655,749.30. This represents a 34.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Textron Price Performance

Textron stock traded up $0.59 during mid-day trading on Wednesday, hitting $100.29. The company’s stock had a trading volume of 1,997,232 shares, compared to its average volume of 2,046,651. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $101.57. The stock’s fifty day moving average price is $91.50 and its two-hundred day moving average price is $85.13. The stock has a market capitalization of $17.47 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.48 and a beta of 0.99. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49.

Textron (NYSE:TXT) last announced 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 business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.The firm’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts forecast that Textron Inc. will post 6.12 earnings per share for the current year.

Institutional Trading of Textron

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Textron by 13.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock valued at $1,049,000 after purchasing an additional 1,709 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Textron by 6.3% during the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock worth $1,546,000 after purchasing an additional 1,265 shares during the period. Focus Partners Wealth grew its position in Textron by 18.0% during the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after buying an additional 735 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Textron during the second quarter valued at about $453,000. Finally, MGO One Seven LLC acquired a new position in Textron in the 2nd quarter valued at approximately $215,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analysts Set New Price Targets

TXT has been the topic of a number of research reports. Susquehanna reaffirmed a “positive” rating and issued a $110.00 price target on shares of Textron in a research note on Thursday, January 15th. Wall Street Zen lowered Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Citigroup dropped their price objective on Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. Freedom Capital raised shares of Textron to a “strong-buy” rating in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Textron currently has a consensus rating of “Moderate Buy” and an average 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.