Russell Investments Group Ltd. Grows Stock Holdings in Textron Inc. $TXT

Russell Investments Group Ltd. boosted its stake in shares of Textron Inc. (NYSE:TXT) by 21.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 505,355 shares of the aerospace company’s stock after buying an additional 90,200 shares during the quarter. Russell Investments Group Ltd. owned 0.29% of Textron worth $42,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in shares of Textron by 388.5% during the 3rd quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 237 shares in the last quarter. Assetmark Inc. increased its stake in Textron by 191.9% in the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 213 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in Textron in the 2nd quarter valued at approximately $27,000. Quent Capital LLC acquired a new position in Textron during the third quarter worth $33,000. Finally, Accredited Wealth Management LLC raised its holdings in Textron by 804.0% during the third quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 402 shares during the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TXT has been the subject of a number of research analyst reports. UBS Group raised their price target on Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Freedom Capital raised shares of Textron to a “strong-buy” rating in a research note on Friday, January 16th. Morgan Stanley set a $92.00 target price on shares of Textron in a report on Thursday, January 29th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Finally, Sanford C. Bernstein upped their price target on shares of Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.60.

Textron Price Performance

TXT opened at $93.27 on Thursday. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $101.57. The company has a 50 day moving average of $94.45 and a two-hundred day moving average of $87.18. The company has a market cap of $16.24 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.40 and a beta of 0.95. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49.

Textron (NYSE:TXT) last posted its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.01). Textron had a net margin of 6.22% and a return on equity of 14.63%. The business had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The business’s revenue was up 15.6% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, analysts expect that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio is presently 1.57%.

Insiders Place Their Bets

In related news, VP Mark S. Bamford sold 19,808 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the sale, the vice president directly owned 7,872 shares in the company, valued at approximately $771,141.12. This trade represents a 71.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP E Robert Lupone sold 28,056 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $98.84, for a total value of $2,773,055.04. Following the transaction, the executive vice president directly owned 103,991 shares in the company, valued at $10,278,470.44. This trade represents a 21.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 304,473 shares of company stock valued at $29,976,723. Company insiders own 1.70% of the company’s stock.

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.