Textron Inc. $TXT Shares Sold by KBC Group NV

KBC Group NV cut its holdings in shares of Textron Inc. (NYSE:TXT) by 25.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Textron by 13.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock worth $1,049,000 after buying an additional 1,709 shares during the period. Empowered Funds LLC raised its stake in shares of Textron by 6.3% in the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after acquiring an additional 1,265 shares during the period. Focus Partners Wealth lifted its holdings in shares of Textron by 18.0% in the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after acquiring an additional 735 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Textron during the 2nd quarter worth approximately $453,000. Finally, Baird Financial Group Inc. boosted its position in shares of Textron by 15.3% during the 2nd quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock worth $1,539,000 after purchasing an additional 2,548 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Thomas A. Kennedy purchased 10,300 shares of Textron stock in a transaction on Friday, May 1st. The shares were bought at an average price of $95.98 per share, with a total value of $988,594.00. Following the transaction, the director directly owned 20,162 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction dated 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 transaction, 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 SEC filing for this sale provides additional information. 1.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TXT has been the topic of a number of research analyst reports. TD Cowen cut their target price on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Morgan Stanley set a $97.00 price objective on Textron in a research note on Wednesday, July 15th. Wells Fargo & Company initiated coverage on Textron in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price objective on the stock. Citigroup increased their target price on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Finally, JPMorgan Chase & Co. raised their target price on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.10.

Textron Stock Performance

Shares of TXT stock opened at $95.49 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. Textron Inc. has a 52 week low of $75.80 and a 52 week high of $101.57. The stock has a market capitalization 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 firm has a 50 day moving average of $91.08 and a two-hundred day moving average of $92.04.

Textron (NYSE:TXT) last posted its quarterly earnings data 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 business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, research analysts predict 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. Shareholders of record on Friday, June 12th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio is 1.53%.

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.