Textron Inc. (NYSE:TXT - Get Free Report) Director Thomas Kennedy bought 10,300 shares of the firm's stock in a transaction dated Friday, May 1st. The stock was bought at an average cost 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Textron Price Performance
Shares of NYSE TXT opened at $94.71 on Friday. Textron Inc. has a 1-year low of $69.46 and a 1-year high of $101.57. The business has a 50-day moving average of $92.01 and a 200-day moving average of $88.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.70 and a quick ratio of 0.99. The company has a market capitalization of $16.49 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.45 and a beta of 0.93.
Textron (NYSE:TXT - Get Free Report) last issued its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. The company's 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. On average, equities analysts anticipate that Textron Inc. will post 6.52 EPS for the current fiscal year.
Textron Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron's dividend payout ratio is currently 1.57%.
Textron News Summary
Here are the key news stories impacting Textron this week:
- Positive Sentiment: Q1 results beat and revenue/earnings momentum — Textron reported stronger-than-expected Q1 revenue and EPS, with double-digit year-over-year revenue growth and updated FY‑2026 EPS guidance roughly in line with Street estimates; management emphasized defense and aviation demand. Press Release
- Positive Sentiment: Analyst upgrade — TD Cowen upgraded TXT from Hold to Buy, which can support share price and attract new buyers. The Fly
- Positive Sentiment: Insider buying — Director Thomas A. Kennedy purchased 10,300 shares at about $96, increasing his stake substantially; insider buys are often read as management confidence in near‑to‑midterm prospects. SEC Form 4
- Positive Sentiment: Business win in autonomous logistics — Bell (a Textron company) was selected as a partner for an uncrewed logistics program for the U.S. Marine Corps, underlining defense/technology demand. Financial Post
- Neutral Sentiment: Intent to separate Industrial segment — Management announced plans to separate the Industrial segment (sale or tax-free spinoff possible), aiming to create a purer aerospace & defense company and unlock value; this is strategic but creates near-term execution and structural questions. Business Wire
- Neutral Sentiment: Market/analysis coverage: deep dives and call takeaways — Multiple outlets and the earnings call highlighted defense momentum and industrial separation plans; these provide transparency but also emphasize timing (12–18 months) and steps ahead. MSN deep dive
- Negative Sentiment: Separation execution/timing risk — Coverage stresses the 12–18 month window and potential options (sale vs. tax-free spinoff); investors may sell into uncertainty about value realization, tax implications, and one‑time costs. Seeking Alpha
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. True Wealth Design LLC lifted its holdings in Textron by 388.5% during the 3rd quarter. True Wealth Design LLC now owns 298 shares of the aerospace company's stock worth $25,000 after buying an additional 237 shares during the last quarter. Wilkerson Advisory Group LLC bought a new position in Textron during the 4th quarter worth approximately $26,000. Activest Wealth Management lifted its holdings 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 buying an additional 293 shares during the last quarter. Cedar Mountain Advisors LLC bought a new position in Textron during the 1st quarter worth approximately $29,000. Finally, Elyxium Wealth LLC bought a new position in Textron during the 4th quarter worth approximately $30,000. Institutional investors own 86.03% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on the company. TD Cowen raised Textron from a "hold" rating to a "buy" rating in a report on Thursday. Wells Fargo & Company assumed coverage on Textron in a report on Wednesday, April 1st. They issued an "equal weight" rating and a $92.00 price target for the company. Weiss Ratings downgraded Textron from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 15th. Freedom Capital raised Textron to a "strong-buy" rating in a report on Friday, January 16th. Finally, Citigroup increased their price target on Textron from $97.00 to $99.00 and gave the company a "neutral" rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $98.18.
Get Our Latest Analysis on Textron
About Textron
(
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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