Natixis Advisors LLC Raises Stock Position in Textron Inc. $TXT

Natixis Advisors LLC lifted its position in shares of Textron Inc. (NYSE:TXT) by 29.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,188 shares of the aerospace company’s stock after acquiring an additional 62,523 shares during the quarter. Natixis Advisors LLC owned 0.16% of Textron worth $23,166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Textron by 13.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock worth $1,049,000 after purchasing an additional 1,709 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Textron by 6.3% during the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock worth $1,546,000 after buying an additional 1,265 shares during the last quarter. Focus Partners Wealth boosted its position in shares of Textron by 18.0% in the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after buying an additional 735 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Textron in the 2nd quarter worth about $453,000. Finally, Assetmark Inc. grew its stake in Textron by 191.9% in the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 213 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Price Performance

Textron stock opened at $93.27 on Thursday. The stock has a market capitalization of $16.24 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.40 and a beta of 0.95. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $101.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. The firm’s 50-day moving average is $94.45 and its two-hundred day moving average is $87.18.

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

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.02 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s payout ratio is 1.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TXT. Morgan Stanley set a $92.00 target price on shares of Textron in a research report on Thursday, January 29th. JPMorgan Chase & Co. raised their price objective on shares of Textron from $88.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. UBS Group lifted their price objective on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Finally, Freedom Capital upgraded Textron to a “strong-buy” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.60.

Insider Activity at Textron

In other Textron news, Chairman Scott C. Donnelly sold 219,619 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $98.41, for a total transaction of $21,612,705.79. Following the transaction, the chairman owned 742,418 shares of the company’s stock, valued at $73,061,355.38. This represents a 22.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Julie G. Duffy sold 19,857 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $98.70, for a total value of $1,959,885.90. Following the sale, the executive vice president owned 37,039 shares in the company, valued at $3,655,749.30. This trade represents a 34.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 304,473 shares of company stock worth $29,976,723. Company insiders own 1.70% of the company’s stock.

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.