SG Americas Securities LLC Raises Stock Position in Textron Inc. $TXT

SG Americas Securities LLC grew its stake in Textron Inc. (NYSE:TXT) by 8,087.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 429,492 shares of the aerospace company’s stock after buying an additional 424,246 shares during the period. SG Americas Securities LLC’s holdings in Textron were worth $37,439,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in shares of Textron by 10.3% during the third quarter. Envestnet Asset Management Inc. now owns 166,532 shares of the aerospace company’s stock worth $14,070,000 after acquiring an additional 15,550 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Textron by 6.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 695,962 shares of the aerospace company’s stock valued at $58,802,000 after purchasing an additional 39,389 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in Textron in the 3rd quarter valued at $5,018,000. Baxter Bros Inc. boosted its stake in Textron by 45.8% during the 3rd quarter. Baxter Bros Inc. now owns 39,865 shares of the aerospace company’s stock worth $3,368,000 after purchasing an additional 12,530 shares during the period. Finally, Citizens Financial Group Inc. RI purchased a new position in Textron during the 3rd quarter worth $1,078,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Scott C. Donnelly sold 219,619 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $98.41, for a total transaction of $21,612,705.79. Following the sale, the chairman owned 742,418 shares of the company’s stock, valued at approximately $73,061,355.38. The trade was a 22.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP E Robert Lupone sold 28,056 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $98.84, for a total transaction of $2,773,055.04. Following the transaction, the executive vice president owned 103,991 shares in the company, valued at $10,278,470.44. The trade was a 21.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 304,473 shares of company stock valued at $29,976,723 in the last quarter. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

TXT has been the topic of a number of recent research reports. Citigroup dropped their price objective on shares of Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Wall Street Zen downgraded shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Morgan Stanley set a $92.00 price target on Textron in a report on Thursday, January 29th. UBS Group upped their price objective on Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. increased their price objective on Textron from $88.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Textron currently has an average rating of “Moderate Buy” and a consensus target price of $98.60.

Textron Trading Up 0.1%

Shares of TXT stock opened at $90.69 on Thursday. The business’s fifty day moving average price is $94.34 and its 200 day moving average price is $87.85. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $101.57. The firm has a market capitalization of $15.79 billion, a PE ratio of 17.75, a P/E/G ratio of 1.37 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.

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

Textron Announces Dividend

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

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.