Great Lakes Advisors LLC Lowers Stake in Textron Inc. $TXT

Great Lakes Advisors LLC reduced its holdings in shares of Textron Inc. (NYSE:TXT) by 6.3% in the fourth quarter, HoldingsChannel reports. The fund owned 795,539 shares of the aerospace company’s stock after selling 53,258 shares during the period. Great Lakes Advisors LLC’s holdings in Textron were worth $69,347,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Motley Fool Asset Management LLC lifted its position in shares of Textron by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock valued at $262,000 after buying an additional 106 shares during the last quarter. Capital Management Corp VA lifted its position in shares of Textron by 1.0% during the fourth quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock valued at $1,088,000 after buying an additional 120 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of Textron by 24.5% during the fourth quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock valued at $55,000 after buying an additional 124 shares during the last quarter. Glenmede Investment Management LP lifted its position in shares of Textron by 1.0% during the third quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company’s stock valued at $1,193,000 after buying an additional 142 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Textron by 18.8% during the second quarter. Geneos Wealth Management Inc. now owns 998 shares of the aerospace company’s stock valued at $80,000 after buying an additional 158 shares during the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Textron news, Director Thomas A. Kennedy purchased 10,300 shares of Textron stock in a transaction on Friday, May 1st. The stock was 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 of the company’s stock, valued at $1,935,148.76. This represents a 104.44% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of the firm’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 transaction, the director directly owned 8,611 shares of the company’s stock, valued at $801,597.99. This represents a 22.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

Textron Stock Performance

Shares of Textron stock opened at $93.64 on Friday. The firm has a market capitalization of $16.28 billion, a P/E ratio of 17.90, a PEG ratio of 1.37 and a beta of 0.90. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average price of $90.87 and a 200 day moving average price of $91.07. Textron Inc. has a 52 week low of $75.75 and a 52 week high of $101.57.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the firm posted $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. Sell-side analysts expect 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. Shareholders 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 dividend on an annualized basis and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 1.53%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley set a $109.00 price objective on shares of Textron in a research report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. UBS Group increased their price objective 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. Finally, Citigroup increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Textron currently has a consensus rating of “Hold” and a consensus target price of $101.18.

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.