Key Points
- Director R. Kerry Clark sold 2,517 shares on May 6 at an average of $93.09 for a total of $234,307.53, reducing his stake by 22.62% to 8,611 shares (≈$801,598).
- Q1 results beat expectations: Textron reported $1.45 EPS vs. $1.30 est. and $3.70B revenue (up 11.8% YoY) and set FY2026 guidance of $6.40–$6.60 EPS (analysts average 6.58).
- The stock has a consensus rating of "Moderate Buy" with a $101.18 target, while institutional ownership is high (~86%) and major funds like State Street, Invesco and AQR recently increased positions.
Textron Inc. (NYSE:TXT - Get Free Report) Director R Kerry Clark sold 2,517 shares of the company's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the sale, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Textron Stock Down 1.7%
NYSE TXT opened at $91.54 on Friday. Textron Inc. has a 52 week low of $70.52 and a 52 week 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 company has a market capitalization of $15.92 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.40 and a beta of 0.93. The stock's 50-day moving average price is $91.56 and its 200-day moving average price is $89.24.
Textron (NYSE:TXT - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.15. The company 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 firm's revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts predict that Textron Inc. will post 6.58 earnings per share for the current year.
Textron Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid 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 dividend yield of 0.1%. Textron's dividend payout ratio is 1.53%.
Institutional Investors Weigh In On Textron
A number of hedge funds have recently made changes to their positions in TXT. State Street Corp grew its holdings in Textron by 2.6% during the 4th quarter. State Street Corp now owns 9,464,324 shares of the aerospace company's stock valued at $825,193,000 after buying an additional 244,017 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Textron by 1.7% during the 3rd quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company's stock worth $698,808,000 after acquiring an additional 140,713 shares in the last quarter. Boston Partners boosted its position in shares of Textron by 0.9% during the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company's stock valued at $613,327,000 after acquiring an additional 66,747 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Textron by 51.1% in the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company's stock valued at $466,986,000 after purchasing an additional 1,811,787 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Textron by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company's stock worth $222,455,000 after purchasing an additional 405,314 shares during the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on TXT. Wells Fargo & Company started coverage on shares of Textron in a research report on Wednesday, April 1st. They set an "equal weight" rating and a $92.00 price objective on the stock. UBS Group upped their target price on shares of Textron from $99.00 to $100.00 and gave the stock a "buy" rating in a report on Monday. Citigroup increased their price target on Textron from $97.00 to $99.00 and gave the stock a "neutral" rating in a research note on Thursday, April 2nd. Jefferies Financial Group restated a "buy" rating on shares of Textron in a research report on Sunday. Finally, TD Cowen raised Textron from a "hold" rating to a "buy" rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $101.18.
View Our Latest Analysis on TXT
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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