New Age Alpha Advisors LLC Grows Stock Holdings in Textron Inc. $TXT

New Age Alpha Advisors LLC grew its holdings in Textron Inc. (NYSE:TXT) by 36.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,675 shares of the aerospace company’s stock after acquiring an additional 7,128 shares during the period. New Age Alpha Advisors LLC’s holdings in Textron were worth $2,325,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of Textron by 10.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 166,532 shares of the aerospace company’s stock worth $14,070,000 after purchasing an additional 15,550 shares during the period. CWA Asset Management Group LLC acquired a new stake in Textron in the 4th quarter valued at $1,988,000. National Pension Service grew its stake in Textron by 28.8% in the 3rd quarter. National Pension Service now owns 83,955 shares of the aerospace company’s stock valued at $7,093,000 after acquiring an additional 18,782 shares during the period. Inceptionr LLC acquired a new stake in Textron in the 3rd quarter valued at $905,000. Finally, Perbak Capital Partners LLP acquired a new stake in Textron in the 3rd quarter valued at $1,329,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Textron

In related news, Director Thomas A. Kennedy purchased 10,300 shares of Textron stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the acquisition, the director directly owned 20,162 shares in the company, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of Textron 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 transaction, the director owned 8,611 shares in the company, valued at approximately $801,597.99. This represents a 22.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by insiders.

Textron Trading Up 0.9%

Shares of TXT stock opened at $92.62 on Wednesday. The stock’s fifty day moving average is $90.24 and its two-hundred day moving average is $90.16. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. The firm has a market capitalization of $16.11 billion, a P/E ratio of 17.71, a PEG ratio of 1.37 and a beta of 0.93. Textron Inc. has a fifty-two week low of $72.76 and a fifty-two week high of $101.57.

Textron (NYSE:TXT) last announced its quarterly earnings data 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 company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts expect that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Dividend Announcement

The business 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. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, June 12th. Textron’s payout ratio is currently 1.53%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Wells Fargo & Company assumed coverage on shares of Textron in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price target on the stock. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley set a $109.00 price target on shares of Textron in a research note on Monday, May 4th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Textron has an average rating of “Hold” and a consensus target price of $101.18.

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.