Gamco Investors INC. ET AL Has $120.37 Million Holdings in Textron Inc. $TXT

Gamco Investors INC. ET AL trimmed its holdings in shares of Textron Inc. (NYSE:TXT) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,380,822 shares of the aerospace company’s stock after selling 9,235 shares during the quarter. Textron accounts for 1.2% of Gamco Investors INC. ET AL’s holdings, making the stock its 10th biggest position. Gamco Investors INC. ET AL’s holdings in Textron were worth $120,366,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Activest Wealth Management increased its stake in Textron by 3,255.6% during the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. Elyxium Wealth LLC bought a new stake in Textron during the 4th quarter worth approximately $30,000. Quent Capital LLC bought a new stake in Textron during the 3rd quarter worth approximately $33,000. Accredited Wealth Management LLC increased its stake in Textron by 804.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 402 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Textron by 52.2% during the 3rd quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 169 shares in the last quarter. 86.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TXT has been the subject of a number of research reports. Morgan Stanley set a $109.00 target price on Textron in a research note on Monday, May 4th. TD Cowen raised Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. UBS Group increased their target price on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.18.

Textron Trading Up 0.1%

NYSE:TXT opened at $88.86 on Monday. Textron Inc. has a twelve month low of $72.00 and a twelve month high of $101.57. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $90.62 and a two-hundred day moving average price of $89.64. The company has a market cap of $15.45 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93.

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 the consensus estimate of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts expect that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Dividend Announcement

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

Insider Buying and Selling

In related news, Director Thomas A. Kennedy acquired 10,300 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $95.98 per share, with a total value of $988,594.00. Following the acquisition, the director owned 20,162 shares in the company, valued at $1,935,148.76. This represents a 104.44% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director R Kerry Clark sold 2,517 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the sale, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. The trade was a 22.62% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 50,381 shares of company stock worth $4,947,754. 1.90% of the stock is owned by corporate insiders.

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.