Groupama Asset Managment Buys Shares of 12,448 Textron Inc. $TXT

Groupama Asset Managment purchased a new position in shares of Textron Inc. (NYSE:TXT) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,448 shares of the aerospace company’s stock, valued at approximately $1,052,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TXT. AQR Capital Management LLC boosted its holdings in Textron by 144.1% in the second quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock worth $213,942,000 after purchasing an additional 1,573,206 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Textron by 270.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock worth $80,759,000 after buying an additional 734,478 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Textron in the third quarter worth about $56,255,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Textron by 62.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,231,492 shares of the aerospace company’s stock worth $98,876,000 after acquiring an additional 471,274 shares in the last quarter. Finally, Brandes Investment Partners LP increased its holdings in shares of Textron by 19.9% during the 2nd quarter. Brandes Investment Partners LP now owns 2,714,466 shares of the aerospace company’s stock valued at $217,945,000 after acquiring an additional 451,017 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Insiders Place Their Bets

In other Textron news, EVP E Robert Lupone sold 28,056 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 103,991 shares in the company, valued at $10,278,470.44. This represents a 21.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Scott C. Donnelly sold 219,619 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $98.41, for a total value of $21,612,705.79. Following the transaction, the chairman owned 742,418 shares of the company’s stock, valued at $73,061,355.38. This represents a 22.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 304,473 shares of company stock worth $29,976,723 in the last 90 days. 1.90% of the stock is owned by corporate insiders.

Textron Stock Up 0.1%

TXT opened at $88.75 on Friday. The company has a market capitalization of $15.45 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.34 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. The firm’s fifty day moving average price is $94.55 and its two-hundred day moving average price is $87.60. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $101.57.

Textron (NYSE:TXT) last announced its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the company posted $1.34 EPS. The company’s quarterly 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 anticipate that Textron Inc. will post 6.12 EPS 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 issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron’s dividend payout ratio is presently 1.57%.

Analyst Upgrades and Downgrades

TXT has been the topic of a number of recent analyst reports. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Sanford C. Bernstein lifted their price target on shares of Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 19th. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research note on Wednesday, February 18th. Finally, Susquehanna reaffirmed a “positive” rating and set a $110.00 price objective on shares of Textron in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Textron presently has an average rating of “Moderate Buy” and an average target price of $98.60.

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.