Integrity Alliance LLC. Takes Position in Textron Inc. $TXT

Integrity Alliance LLC. acquired a new stake in Textron Inc. (NYSE:TXT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,267 shares of the aerospace company’s stock, valued at approximately $546,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management increased 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 valued at $26,000 after buying an additional 293 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Textron in the fourth quarter valued at approximately $30,000. Accredited Wealth Management LLC increased 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 valued at $38,000 after buying an additional 402 shares during the period. Assetmark Inc. increased 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 valued at $42,000 after buying an additional 169 shares during the period. Finally, Optiver Holding B.V. acquired a new position in shares of Textron in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Morgan Stanley set a $109.00 price objective on Textron in a research note on Monday, May 4th. Citigroup increased their target price on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. JPMorgan Chase & Co. increased their target price 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. Finally, UBS Group increased their target price 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 equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $101.18.

Insider Activity at Textron

In other news, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the sale, the director owned 8,611 shares of the company’s stock, valued at $801,597.99. This trade represents a 22.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas A. Kennedy acquired 10,300 shares of Textron stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of $95.98 per share, with a total value of $988,594.00. Following the transaction, the director owned 20,162 shares in the company, 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. Company insiders own 1.90% of the company’s stock.

Textron Stock Performance

NYSE:TXT opened at $91.86 on Friday. The company has a market capitalization of $15.97 billion, a PE ratio of 17.56, a P/E/G ratio of 1.37 and a beta of 0.93. The company has a 50 day simple moving average of $90.32 and a two-hundred day simple moving average of $90.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. Textron Inc. has a fifty-two week low of $72.76 and a fifty-two week high of $101.57.

Textron (NYSE:TXT) last released its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts anticipate 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. Stockholders of record on Friday, June 12th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is 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.