BNP Paribas Financial Markets Decreases Stake in Textron Inc. $TXT

BNP Paribas Financial Markets reduced its holdings in Textron Inc. (NYSE:TXT) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 345,887 shares of the aerospace company’s stock after selling 25,669 shares during the period. BNP Paribas Financial Markets’ holdings in Textron were worth $30,151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. AQR Capital Management LLC raised its stake in Textron by 144.1% during the second quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock worth $213,942,000 after purchasing an additional 1,573,206 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in Textron by 270.7% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock worth $80,759,000 after purchasing an additional 734,478 shares during the period. Balyasny Asset Management L.P. purchased a new position in Textron during the third quarter worth about $56,255,000. SG Americas Securities LLC raised its stake in Textron by 8,087.0% during the fourth quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company’s stock worth $37,439,000 after purchasing an additional 424,246 shares during the period. Finally, Millennium Management LLC raised its stake in Textron by 56.2% during the third quarter. Millennium Management LLC now owns 926,237 shares of the aerospace company’s stock worth $78,258,000 after purchasing an additional 333,421 shares during the period. 86.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Textron

In other Textron news, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction on 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 in the company, valued at $801,597.99. This represents a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas A. Kennedy acquired 10,300 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was bought at an average price of $95.98 per share, with a total value of $988,594.00. Following the purchase, the director directly owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TXT. Morgan Stanley set a $109.00 target price on shares of Textron in a research note on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. JPMorgan Chase & Co. lifted their price target on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Sanford C. Bernstein lifted their price target on shares of Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 19th. Finally, UBS Group lifted their price target on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.18.

Textron Trading Down 0.4%

Shares of Textron stock opened at $90.99 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $90.46 and a 200-day simple moving average of $90.64. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.37 and a beta of 0.90. Textron Inc. has a 12-month low of $73.97 and a 12-month high of $101.57.

Textron (NYSE:TXT) last announced its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the business earned $1.28 EPS. Textron’s revenue for the quarter 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 forecast that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, June 12th. Textron’s dividend payout ratio is currently 1.53%.

Textron Profile

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.