Lisa Atherton Sells 7,600 Shares of Textron (NYSE:TXT) Stock

Textron Inc. (NYSE:TXT) CEO Lisa Atherton sold 7,600 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $98.68, for a total value of $749,968.00. Following the sale, the chief executive officer owned 29,473 shares of the company’s stock, valued at approximately $2,908,395.64. This represents a 20.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Textron Stock Up 0.6%

Textron stock traded up $0.59 during midday trading on Wednesday, reaching $100.29. The company’s stock had a trading volume of 1,997,232 shares, compared to its average volume of 2,046,651. 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 stock has a market capitalization of $17.47 billion, a P/E ratio of 19.63, a PEG ratio of 1.48 and a beta of 0.99. The stock’s 50-day simple moving average is $91.50 and its 200-day simple moving average is $85.13. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $101.57.

Textron (NYSE:TXT) last released 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). The company had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Institutional Investors Weigh In On Textron

Large investors have recently made changes to their positions in the stock. True Wealth Design LLC boosted its stake in Textron by 388.5% during the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock worth $25,000 after buying an additional 237 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Textron by 191.9% during the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 213 shares during the period. Activest Wealth Management boosted its position in shares of Textron by 3,255.6% during the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC acquired a new stake in Textron during the fourth quarter worth about $26,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Textron in the 2nd quarter valued at about $27,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TXT. UBS Group boosted their target price on shares of Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Wall Street Zen downgraded shares of Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. 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 price target on Textron in a research report on Thursday, January 29th. Finally, Citigroup decreased their target price on Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Textron presently has an average rating of “Moderate Buy” and an average price target of $97.20.

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.