LSV Asset Management Sells 71,658 Shares of Textron Inc. $TXT

LSV Asset Management decreased its position in Textron Inc. (NYSE:TXT) by 1.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,034,842 shares of the aerospace company’s stock after selling 71,658 shares during the quarter. Textron accounts for about 0.8% of LSV Asset Management’s investment portfolio, making the stock its 28th biggest holding. LSV Asset Management’s holdings in Textron were worth $351,717,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TXT. Advisory Alpha LLC bought a new stake in Textron during the fourth quarter worth approximately $328,000. Evoke Wealth LLC boosted its position in Textron by 13.3% during the fourth quarter. Evoke Wealth LLC now owns 7,471 shares of the aerospace company’s stock worth $651,000 after purchasing an additional 879 shares during the period. Global Retirement Partners LLC boosted its position in Textron by 680.7% during the fourth quarter. Global Retirement Partners LLC now owns 2,225 shares of the aerospace company’s stock worth $194,000 after purchasing an additional 1,940 shares during the period. IFP Advisors Inc boosted its position in Textron by 57.9% during the fourth quarter. IFP Advisors Inc now owns 2,576 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 945 shares during the period. Finally, Harvest Portfolios Group Inc. boosted its position in Textron by 8.5% during the fourth quarter. Harvest Portfolios Group Inc. now owns 28,360 shares of the aerospace company’s stock worth $2,472,000 after purchasing an additional 2,221 shares during the period. Institutional investors own 86.03% of the company’s stock.

Textron Stock Up 1.8%

Shares of TXT stock opened at $91.88 on Friday. Textron Inc. has a 12 month low of $72.00 and a 12 month high of $101.57. The firm has a market cap of $15.98 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.35 and a beta of 0.93. The stock has a 50 day moving average of $90.20 and a 200-day moving average of $89.92. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping 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 company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the company earned $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. On average, equities analysts predict that Textron Inc. will post 6.6 EPS for the current year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued 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 dividend yield of 0.1%. Textron’s payout ratio is 1.53%.

Analyst Upgrades and Downgrades

TXT has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. UBS Group upped 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. Morgan Stanley set a $109.00 target price on Textron in a research report on Monday, May 4th. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings cut Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Textron presently has an average rating of “Hold” and a consensus target price of $101.18.

Insider Buying and Selling

In other Textron news, Director Thomas A. Kennedy purchased 10,300 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the acquisition, the director directly owned 20,162 shares in the company, valued at $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $234,307.53. Following the transaction, the director owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by insiders.

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.