Textron Inc. $TXT Shares Sold by KBC Group NV

KBC Group NV lessened its stake in Textron Inc. (NYSE:TXT) by 25.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,218 shares of the aerospace company’s stock after selling 5,897 shares during the quarter. KBC Group NV’s holdings in Textron were worth $1,508,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Motley Fool Asset Management LLC grew its position in shares of Textron by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock valued at $262,000 after purchasing an additional 106 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Textron by 22.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 119 shares during the last quarter. Capital Management Corp VA raised its position in shares of Textron by 1.0% during the 4th quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock worth $1,088,000 after purchasing an additional 120 shares during the last quarter. Root Financial Partners LLC lifted its stake in Textron by 24.5% in the 4th quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock valued at $55,000 after buying an additional 124 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its stake in Textron by 4.9% in the 1st quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock valued at $237,000 after buying an additional 127 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. TD Cowen cut their price objective on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Wall Street Zen raised Textron from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. UBS Group lifted their price target on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Citigroup boosted their price target on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Finally, Morgan Stanley set a $97.00 price objective on Textron in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.10.

Textron Price Performance

NYSE:TXT opened at $95.49 on Friday. Textron Inc. has a one year low of $75.80 and a one year high of $101.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. The stock has a market cap of $16.60 billion, a PE ratio of 18.26, a P/E/G ratio of 1.43 and a beta of 0.90. The stock has a 50 day moving average price of $91.08 and a 200 day moving average price of $92.04.

Textron (NYSE:TXT) last announced its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.15. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts expect that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Announces Dividend

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

Insider Activity

In other news, Director Thomas A. Kennedy acquired 10,300 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the transaction, the director owned 20,162 shares in the company, valued at approximately $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the transaction, the director directly owned 8,611 shares in the company, valued at $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.90% of the company’s stock.

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.