Textron (NYSE:TXT) CEO Sells $749,968.00 in Stock

Textron Inc. (NYSE:TXT) CEO Lisa Atherton sold 7,600 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $98.68, for a total value of $749,968.00. Following the completion of the transaction, the chief executive officer owned 29,473 shares of the company’s stock, valued at $2,908,395.64. The trade was a 20.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Textron Trading Up 0.6%

NYSE:TXT traded up $0.59 on Wednesday, reaching $100.29. The company’s stock had a trading volume of 1,997,232 shares, compared to its average volume of 2,046,651. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The stock has a 50 day moving average price of $91.50 and a 200 day moving average price of $85.13. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $101.57.

Textron (NYSE:TXT) last released its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Textron had a net margin of 6.22% and a return on equity of 14.63%. Textron’s revenue was up 15.6% on a year-over-year basis. During the same period last year, the firm posted $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TXT has been the topic of several research reports. TD Cowen reduced their price target on shares of Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Citigroup lowered their target price on Textron from $107.00 to $97.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. UBS Group upped their price target on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Finally, Susquehanna reiterated a “positive” rating and issued a $110.00 price objective on shares of Textron in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $97.20.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Textron by 13.3% during the 1st 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 last quarter. Empowered Funds LLC increased its holdings 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 raised its position in Textron by 18.0% in the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock valued at $348,000 after purchasing an additional 735 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Textron during the 2nd quarter worth $453,000. Finally, MGO One Seven LLC purchased a new position in Textron during the 2nd quarter worth $215,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

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.