Sei Investments Co. Boosts Position in Textron Inc. $TXT

Sei Investments Co. boosted its stake in shares of Textron Inc. (NYSE:TXT) by 30.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,690 shares of the aerospace company’s stock after buying an additional 42,056 shares during the quarter. Sei Investments Co.’s holdings in Textron were worth $15,822,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Textron by 13.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock worth $1,049,000 after acquiring an additional 1,709 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Textron by 6.3% during the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after acquiring an additional 1,265 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Textron by 18.0% in the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock valued at $348,000 after purchasing an additional 735 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Textron in the second quarter valued at approximately $453,000. Finally, Baird Financial Group Inc. grew its stake in Textron by 15.3% in the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock worth $1,539,000 after purchasing an additional 2,548 shares in the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Textron

In other news, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. The trade was a 22.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Textron Stock Performance

Shares of TXT stock opened at $87.21 on Friday. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.30 and a beta of 0.90. The company’s 50 day moving average is $91.09 and its 200 day moving average is $92.03. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. Textron Inc. has a 52-week low of $75.80 and a 52-week high of $101.57.

Textron (NYSE:TXT) last posted its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.Textron’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts anticipate that Textron Inc. will post 6.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TXT has been the topic of several research reports. TD Cowen reduced their price objective on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Wall Street Zen upgraded Textron from a “hold” rating to a “buy” rating in a report on Monday, July 20th. Citigroup increased their price target on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. raised their price target on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Textron in a report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Textron presently has an average rating of “Moderate Buy” and an average target price of $102.44.

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.