Textron Inc. $TXT Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in Textron Inc. (NYSE:TXT) by 135.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,978 shares of the aerospace company’s stock after buying an additional 6,314 shares during the period. Ritholtz Wealth Management’s holdings in Textron were worth $961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Wilkerson Advisory Group LLC purchased a new position in Textron during the 4th quarter worth $26,000. Activest Wealth Management lifted its stake in shares of Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 293 shares during the period. Elyxium Wealth LLC purchased a new stake in shares of Textron in the fourth quarter valued at about $30,000. Strive Financial Group LLC acquired a new position in shares of Textron during the fourth quarter worth about $31,000. Finally, Accredited Wealth Management LLC increased its stake in shares of Textron by 804.0% during the third quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 402 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TXT has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Citigroup boosted their target price on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. increased their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Finally, TD Cowen upgraded Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.18.

Textron Stock Down 0.2%

Shares of NYSE:TXT opened at $91.03 on Monday. The company has a market capitalization of $15.83 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.36 and a beta of 0.91. 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 stock’s fifty day simple moving average is $90.86 and its 200-day simple moving average is $91.61. Textron Inc. has a 52-week low of $75.80 and a 52-week high of $101.57.

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

Textron Announces Dividend

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

Insider Activity at Textron

In other Textron news, 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 transaction of $234,307.53. Following the transaction, the director owned 8,611 shares of the company’s stock, valued at $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Kennedy purchased 10,300 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was bought at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the acquisition, the director owned 20,162 shares in the company, valued at $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.90% of the stock is currently owned by company 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.