Martingale Asset Management L P Acquires 6,567 Shares of Textron Inc. $TXT

Martingale Asset Management L P lifted its holdings in Textron Inc. (NYSE:TXT) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 187,214 shares of the aerospace company’s stock after buying an additional 6,567 shares during the quarter. Martingale Asset Management L P’s holdings in Textron were worth $16,319,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TXT. Activest Wealth Management boosted its stake in shares of Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 293 shares during the period. Elyxium Wealth LLC bought a new position in shares of Textron in the fourth quarter worth about $30,000. Accredited Wealth Management LLC boosted its stake in shares of Textron by 804.0% in the third quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 402 shares during the period. Assetmark Inc. boosted its stake in shares of Textron by 52.2% in the third quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 169 shares during the period. Finally, Optiver Holding B.V. purchased a new stake in shares of Textron in the third quarter worth about $45,000. Institutional investors own 86.03% of the company’s stock.

Insider Buying and Selling

In other Textron news, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the sale, the director directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas A. Kennedy acquired 10,300 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were bought at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the transaction, the director 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.90% of the company’s stock.

Textron Trading Down 1.1%

Shares of TXT stock opened at $92.71 on Friday. Textron Inc. has a 1 year low of $75.80 and a 1 year high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $90.94 and its two-hundred day simple moving average is $91.08. The company has a market cap of $16.12 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90.

Textron (NYSE:TXT) last issued 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. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The company’s quarterly 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. Research analysts predict that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Dividend Announcement

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 given a dividend of $0.02 per share. The ex-dividend date 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 1.53%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TXT. Sanford C. Bernstein boosted their target price on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. UBS Group boosted their target price on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wells Fargo & Company began coverage on Textron in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $101.18.

Textron Company 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.