Textron Inc. (NYSE:TXT - Get Free Report) CEO Lisa Atherton sold 7,600 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $98.68, for a total value of $749,968.00. Following the sale, the chief executive officer directly owned 29,473 shares in the company, valued at approximately $2,908,395.64. This trade represents a 20.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Textron Trading Up 0.6%
Shares of NYSE:TXT opened at $100.29 on Thursday. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $101.57. The company has a market capitalization of $17.47 billion, a PE ratio of 19.63, a PEG ratio of 1.50 and a beta of 0.99. The business has a 50 day moving average of $91.81 and a two-hundred day moving average of $85.23. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49.
Textron (NYSE:TXT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.01). Textron had a return on equity of 14.63% and a net margin of 6.22%.The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period in the previous year, the business earned $1.34 EPS. Textron's revenue for the quarter was up 15.6% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts forecast that Textron Inc. will post 6.12 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of Textron from $95.00 to $90.00 and set a "hold" rating on the stock in a research note on Friday, October 24th. Citigroup reduced their price target on Textron from $107.00 to $97.00 and set a "neutral" rating for the company in a report on Thursday, January 29th. Wall Street Zen lowered Textron from a "strong-buy" rating to a "buy" rating in a report on Friday, January 23rd. UBS Group boosted their price objective on Textron from $89.00 to $99.00 and gave the company a "neutral" rating in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. increased their target price on Textron from $88.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Textron presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.20.
Check Out Our Latest Stock Analysis on TXT
Textron News Summary
Here are the key news stories impacting Textron this week:
- Negative Sentiment: Chairman Scott C. Donnelly sold 219,619 shares for about $21.6M (avg. $98.41), cutting his stake ~22.8%. SEC Filing
- Negative Sentiment: EVP E. Robert Lupone sold 28,056 shares for about $2.77M (avg. $98.84), reducing his position ~21.3%. SEC Filing
- Negative Sentiment: EVP Julie G. Duffy sold 19,857 shares for about $1.96M (avg. $98.70), cutting her holding ~34.9%. SEC Filing
- Negative Sentiment: VP Mark S. Bamford reported two sales: 19,808 shares (~$1.94M, avg. $97.96) and 9,533 shares (~$940.7k, avg. $98.68), representing large percentage reductions in his holdings (71.6% and 35.8% in the respective filings). SEC Filing
- Negative Sentiment: CEO Lisa M. Atherton sold 7,600 shares for about $750k (avg. $98.68), trimming her stake ~20.5%. SEC Filing
Hedge Funds Weigh In On Textron
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Motley Fool Asset Management LLC raised its stake in Textron by 3.7% in the 4th 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 last quarter. Parkside Financial Bank & Trust raised its position in shares of Textron by 22.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company's stock valued at $57,000 after buying an additional 119 shares during the last quarter. Capital Management Corp VA lifted its stake in shares of Textron by 1.0% in the fourth quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company's stock worth $1,088,000 after buying an additional 120 shares in the last quarter. Root Financial Partners LLC boosted its position in Textron by 24.5% during the fourth quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company's stock worth $55,000 after acquiring an additional 124 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in Textron by 2.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 4,963 shares of the aerospace company's stock valued at $398,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company's stock.
Textron Company Profile
(
Get Free Report)
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.
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