Todd Asset Management LLC Raises Stock Position in Textron Inc. $TXT

Todd Asset Management LLC lifted its position in Textron Inc. (NYSE:TXT) by 54.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 437,300 shares of the aerospace company’s stock after buying an additional 153,434 shares during the period. Todd Asset Management LLC’s holdings in Textron were worth $38,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXT. Activest Wealth Management grew its position in shares of Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after buying an additional 293 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of Textron in the 4th quarter worth approximately $30,000. Accredited Wealth Management LLC grew its position in shares of Textron by 804.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after buying an additional 402 shares during the last quarter. Assetmark Inc. grew its position in Textron by 52.2% during the 3rd quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 169 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Textron during the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Stock Performance

Shares of NYSE TXT opened at $91.88 on Monday. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. Textron Inc. has a 12 month low of $72.00 and a 12 month high of $101.57. The company has a 50 day simple moving average of $90.20 and a two-hundred day simple moving average of $89.99. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.37 and a beta of 0.93.

Textron (NYSE:TXT) last announced its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the business posted $1.28 EPS. The business’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. As a group, analysts predict that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, June 12th. Textron’s payout ratio is presently 1.53%.

Insider Activity at Textron

In other Textron news, Director Thomas A. Kennedy acquired 10,300 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the purchase, the director owned 20,162 shares in the company, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their position. The purchase 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 Textron 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 sale, the director owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on TXT shares. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Sanford C. Bernstein boosted their target price on shares of Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. Wells Fargo & Company started coverage on shares of Textron in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 target price on the stock. Finally, Weiss Ratings downgraded shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.18.

Textron Company 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.